2016

Annual

Report

INSTITUTE FOR CORPORATE LAW, GOVERNANCE AND INNOVATION POLICIES Faculty of Law, Maastricht PREFACE

The year 2016 was in many respects a positive year for the Institute for Corporate law, Governance and Innovation Policies (ICGI). The Institute successfully continued its stable production in research and in its joint ventures with the ICGI’s Associate partners. Moreover, we witnessed a good number of academic and administrative activities and events.

Just like last year, the ICGI participated actively in the inter-faculty honours programme PREMIUM. In this programme a selected group of students attended masterclasses, organized in cooperation with our associated law firms. These masterclasses offered students a unique possibility to get acquainted with and present themselves to legal practice. In addition to the masterclasses, the students participated in a moot court and got the opportunity to improve their pleading skills before a judge in court. Another interesting part of this programme is that the participating students had the possibility to write a scientific article together with an ICGI co-author. These articles were concentrated around the theme ‘Restructuring of companies in financial distress’. The best submissions have been published in the fourth issue of the series ‘Young Corporate Lawyers’.

Besides the PREMIUM programme, the ICGI has shown new developments in the field of education. On the 11th of October 2016 we organized in cooperation with our associated law firms our first seminar for students. During this seminar students were challenged to solve an interesting case on takeovers. Under the supervision of our ICGI fellows and lawyers of our partner firms they participated in a stakeholders’ meeting. Furthermore, the ICGI partnered in the development of a new educational program, focusing on the training of Trust-Officers, together with Holland Questor and Law at Work. The ICGI is responsible for the assessment and protection of the academic quality of this program.

In 2016 the ICGI suffered a great loss when the manager, Christine van Basten-Boddin, left the institute to become the Mayor of Beek. Although irreplaceable, we managed to find a new talented manager, Jolien Hendrikx.

With pleasure we look back at the past year. The ICGI is doing very well and we look forward to continue our activities and events in the upcoming year. Finally, I would like to thank everyone involved within the ICGI, the ICGI’s Associate partners and the Faculty as a whole, for their involvement and continuous support.

December 2016,

Kid Schwarz Academic Director ICGI

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ABOUT ICGI

Mission

The Institute for Corporate Law, Governance and Innovation Policies is connected to the Faculty of Law at Maastricht University. ICGI strives to be an excellent institute for scientific research as well as an outstanding breeding ground for scientists and students in their efforts to carry out their work on further developing corporate law and governance. ICGI carries out research activities, advises and arranges high-quality education. Current developments in corporate law and in corporate governance are central to its endeavours. The focus is on financial-economic developments, sustainable development and related technological and organizational innovations.

Based on its research, consultancy and education, ICGI has become a renowned platform for the further development of corporate law and governance. We plan on strengthening our position within these areas for the coming years.

Focus

The object of research is the corporation and its rules and regulations in interaction with its changing environment. In its research, ICGI focuses on corporations, corporate law and governance including corporate social responsibility. Our activities concern the form, nature, structure, mission, strategy, policy, technological and organisational innovation and the overall performance of companies.

Organisation and management

The Academic Director Kid Schwarz in collaboration with Vice-Academic Director Mieke Olaerts leads ICGI. An advisory body supports the institute. The Advisory Board provides the (vice) academic director with valuable insights and feedback on proposed developments.

The (vice) Academic Director (s) are supported by ICGI’s professorial fellows and an office manager. The Academic Directors’ key responsibility lies with the set-up and general coordination of the research programs and underlying PhD programs. The office manager is, in charge of the institute, mainly responsible for daily operations.

ICGI is situated at the Faculty of Law and falls under the auspices of the Ius Commune Research School. Operationally ICGI is primarily placed in service of all educational activities of Maastricht University and thereby expediently employing the expertise of all faculties, institutes and schools of the university. The substantive final responsibility for ICGI lies with the Academic Director(s). ICGI falls directly within the responsibility of the board of the Faculty of Law. The Academic Director is responsible for the policy of ICGI and reports to the board. Financial, managerial and administrative responsibility towards the executive board of Maastricht University rest with the faculty board.

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PEOPLE As is the case in many organizations, our people are the most important ‘asset’. Some of us are connected to the ICGI for their high level of expertise, whereas others may kick- start a promising professional career by being part of our team. ICGI is proud to present:

Management

The management team is responsible for, amongst others, the day-to-day operation of the institute. This involves strategic program development, research coordination, project acquisition and implementation, and external relations. The team is also in charge of strategic partnerships with outside parties including the ICGI Associates.

Academic Director, Prof. Kid Schwarz Kid Schwarz (1954) holds the chair Corporate and Commercial Law and, as Academic Director of ICGI, his key responsibilities lie with the general coordination of the research programmes and the underlying PhD- programmes. His research efforts focus on stakeholders positions from a legal comparative perspective.

Vice-Academic Director Prof.Dr. Mieke Olaerts Mieke Olaerts (1979) holds a special chair in Comparative Company Law. As Vice Academic Directors of ICGI she works closely together with Professor Schwarz, the Academic Director. Together they are responsible for the overall management and strategic development of ICGI. Mieke`s research is centralized around company law from a comparative perspective. Within these fields she specifically focuses on the role and liability of directors and shareholders and the functioning of company groups and global networks.

Office manager Jolien Hendrikx MSc Jolien Hendrikx (1982) is mainly responsible for daily operations, supporting the (vice) academic director, guarding the financial and market position of the institute and taking care of the internal- and external relations of ICGI.

Advisory board

The Advisory Board has a multidisciplinary composition and shall give proactive, independent and non-binding recommendations for the further development, direction and functioning of the ICGI. Since 2011 the following persons represent ICGI’s advisory board:

• Peter Elverding, chairman supervisory board at ING Group • Willem Lageweg, director at MVO Nederland • Leen Paape, dean at Nyenrode School of Accountancy and Controlling • Hein Schreuder, chairman supervisory board at Ecorys Holding

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Professorial fellows

Prof. Jan Eijsbouts Jan Eijsbouts (1945) is Honorary Professor Private Law with a special focus on corporations and human rights at the Faculty of Law since October 2015. From 2010 until 2015 he was, as Extraordinary Professor Corporate Social Responsibility (CSR), course coordinator of the core course CSR in the international master program Globalisation and Law and since 2010 he has been lecturing as principal lecturer in the course. As Professorial Fellow ICGI he is involved in research on Corporate law, governance and responsibility.

Prof. Sybren de Hoo Sybren de Hoo (1949) was appointed Professor Corporate Sustainability and Innovation at the Vrije Universiteit () in 2004 and Extraordinary Professor Corporate Social Responsibility and Innovation at the Faculty of Law of Maastricht University in 2010.

Prof. Dr. Mieke Olaerts

Mieke Olaerts (1979) was appointed Extraordinary Professor of Comparative Company Law at the Private Law Department at Maastricht University in 2015 and coordinates i.e. the master courses Comparative Company Law, Corporate Social Responsibility and Comparative Corporate Governance. Over the past years she has conducted research mainly in the area of (European) company law and has research experience in het area of company law as well as liability law.

Prof. Kid Schwarz Kid Schwarz (1954) was appointed Professor of Corporate and Commercial Law at Maastricht University in 1987 and elected Dean of the Faculty in 1994. He publishes in various fields and works as an advisor for several law-firms and (stock-quoted) companies. Kid is also a listed arbitrator with the Dutch Arbitration Institute and the International Chamber of Commerce. Next to these obligations, Kid functions as member court of arbitration for the health care sector.

Prof. Bas Steins Bisschop Bas Steins Bisschop (1949) was appointed Professor of Corporate Law at Nyenrode Business University in 2000. In 2007 he was appointed Extraordinary Professor of Corporate Law and Corporate Governance at Maastricht University. Bas combines the law practice with research focusing on corporate law in general and on specific legal issues concerning corporate governance and CSR.

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Research fellows

Dr. Jos Hamers Jos Hamers (1966) is Senior Lecturer in Corporate Law at Maastricht University. He is involved in research on Dutch and Aruban Company Law. Since 2015 he is Vice-Dean for Education at the Law faculty of the Maastricht University. As visiting professor he lectures on Company and Business Law at the University of Aruba.

Dr. Bastiaan Kemp Bastiaan Kemp (1989) is a Research Fellow at the Institute for Corporate Law, Governance and Innovation Policies. His research is focused on corporate litigation, the history of company law and corporate governance of companies in financial distress. Bastiaan Kemp graduated cum laude in 2013 from Maastricht University, where he focused on corporate and commercial Law. During his study he was a student-assistant at the institute. In 2015 he obtained his PhD and became part-time assistant professor. Since 2013 he also works as a lawyer at DVDW Advocaten.

Dr. Stefan Rammeloo Stephan Rammeloo (1960) is Associate Professor in (European) Company Law, Business Law (International Commercial Arbitration and Litigation), Private International Law and Comparative Law at Maastricht University/Universiteit Maastricht since 1992 and Visiting Professor at China European Union School of Law (CESL) at CUPL (China University of Politics and Law, Beiijng) since 2008. Participating regularly in international research conduct, as well as in supervisory legislative committees, national reporter/rapporteur nationale for the Netherlands, graduate and post-graduate lecturing/staff exchange programs, his Company Law research in particular centers round cross-border company migration cum annexis (comparative substantive and conflict of laws developments).

Dr. Samantha Renssen Samantha Renssen (1989) is a Research Fellow at the Institute for Corporate Law, Governance and Innovation Policies. She is also Lecturer in Corporate and Insolvency Law at Maastricht University and coordinator of the ICGI PREMIUM Masterclass. Her research is focused on the liquidation of companies, companies in financial distress and the history of company law. Samantha Renssen graduated cum laude in 2013 from Maastricht University, where she focused on corporate and labour Law. During her study she was a student-assistant at the institute. In 2015 she obtained her PhD. The title of her thesis is: The turbo-liquidation of the Dutch private limited liability company.

Dr. Rogier Wolf Rogier Wolf (1973) is an assistant professor in Corporate Law at Maastricht University and Leiden University. He has successfully completed his PhD-research at the ICGI. The title of his PhD-thesis is: 'The provider of capital without voting rights of the Dutch private company with limited liability' (De kapitaalverschaffer zonder stemrecht in de BV, Serie

6 vanwege het Van der Heijden Instituut, deel 116, Deventer: Kluwer 2013). Rogier is a lawyer at the law firm UdinkSchepel at The Hague. He specializes in the practice areas of Corporate Law, Commercial Contracts, Mergers & Acquisitions, Litigation, Shareholder conflicts and Participation. Rogier lectures regularly on these topics. He also publishes in leading legal journals. In addition to this, he is a member of the editorial board of TvOB (Tijdschrift voor vennootschapsrecht, rechtspersonenrecht en ondernemingsbestuur).

PhD fellows

Constantijn van Aartsen LL.M Constantijn van Aartsen is a PHD candidate at the Institute for Corporate Law, Governance and Innovation Policies (ICGI). His research focuses on an examination of corporate law, governance and social responsibility within a broader sociological, political and economic context. He holds a B.Sc. in Natural Sciences from the University of Durham, an LL.B. from Nottingham University and graduated cum laude in 2013 with a Maastricht University LL.M. Globalisation and Law – Corporate and Commercial Law. He has experience as a project manager and consultant in the field of corporate governance, risk management and internal controls.

Damla Bos LL.M Damla Bos (1986) is a PhD-fellow at the ICGI. Her research is focused on company groups and parent company liability within Europe. Damla discusses situations in which the economic reality of company groups is recognized over the legal reality and the justifications used for that. After an in-depth analysis of group law, an examination is made of the current state of laws on company groups and parent company liability in cases of damages caused by subsidiary operations. She is a lecturer of the Comparative Company Law, Corporate Social Responsibility and Comparative Corporate Governance courses. Damla was born in Izmir, Turkey, where she was educated at the French Lycée Saint Joseph. Damla studied law at Koc University in Istanbul on a full scholarship and graduated on the Dean’s Honour Roll. Damla obtained her LL.M. (with Merit) in International Commercial Law at King’s College . She was awarded a full scholarship (Jean Monnet Scholarship Programme) funded by the European Union. Damla is corporate lawyer, admitted to the Istanbul Bar Association.

Maria Paz Godoy LL.M Maria Paz Godoy (1980) is a PHD-fellow at the Institute for Corporate Law, Governance and Innovation Policies (ICGI). Her research is focused on Corporate Governance and Corporate Social Responsibility, particularly on the decision making process of corporate strategy within corporate transactions and the allocation of power between corporate bodies. Maria Paz was born in Santiago, Chile. She is a corporate lawyer and worked at Claro y Cia. in Santiago, Chile, as an associate lawyer representing international clients from a wide range of sectors. She practiced in areas of corporate law, commercial law, mergers & acquisitions, foreign investment, capital markets, and contracts. She is currently the Research Coordinator of the Corporate Governance Center at the Pontificia Universidad Catolica de Chile where she conducts international and local research projects concerning emerging markets and regulatory framework of corporate self-regulation. She has a Master (LL.M.) in International Law, Investments, Trade and Arbitration, from

7 the Ruprecht-Karls University, Heidelberg and University of Chile."

Jeffrey van Nuland Jeffrey van Nuland (1993) is a PhD-fellow at the Institute for Corporate Law, Governance and Innovation Policies. Jeffrey van Nuland combines his PhD research with his work at Vlaminckx Advocaten Venlo. A special on Jeffrey, his research and his work can be found in the chapter ‘PhD research’.

Student fellows

Ibtisame El Ajjouri Ibtisame was an ICGI student fellow from November 2015 until June 2016. She did the master Law & Labour with a focus on Labour & the Corporation. She has also followed the master Dutch law with a focus on Private law. Ibtisame assisted research fellow Samantha Renssen with her research. Ibtisame also participated in the ICGI PREMIUM Masterclass 2015-2016.

Cornelius Litt Cornelius was an ICGI student fellow from September 2015 until August 2016. He started the master Dutch law in September 2015 with a focus on Corporate & Commercial law. Cornelius mainly assisted professorial fellow Mieke Olaerts with her research. Cornelius also participated in the ICGI PREMIUM Masterclass 2015-2016.

Sandy Muijlkens Sandy was affiliated with the ICGI as a student fellow from September 2015 until April 2016. She did the master Law & Labour with a focus on Labour & the Corporation. Sandy mainly assisted research fellow Bastiaan Kemp with his research. Sandy also participated in the ICGI PREMIUM Masterclass 2015-2016.

Stefan Nieuwendijk Stefan was an ICGI student fellow from September 2014 until July 2016. He did the master Dutch law with a focus on Private law and the master Law & Labour with a focus on Labour & the Corporation. Stefan assisted research fellow Samantha Renssen with her research and with organising the ICGI PREMIUM Masterclass, in which he also participated. Last but not least, Stefan was the minutes secretary at ICGI team meetings.

Jorick Schakenbos Jorick was an ICGI student fellow from April 2015 until August 2016. In September 2015 he started the master Dutch law with a focus on Corporate & Commercial law. Jorick was responsible for the organization of the ICGI Lustrum Conference on the 20th of November 2015. Furthermore, Jorick assisted the management. Jorick also participated in the ICGI PREMIUM Masterclass 2015-2016.

Milou Segers Milou is an ICGI student fellow since August 2016. She started the master Law & Labour with focus on Labour & the Corporation in September 2015. Milou mainly assists office manager Jolien Hendrikx with her tasks and professorial fellow and vice academic director Mieke Olaerts with her research. Milou also participated in the ICGI PREMIUM Masterclass 2015-2016.

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Marianne Pleumeekers Marianne is an ICGI student fellow since November 2016. In September 2015 she started the master Dutch law with a focus on Corporate & Commercial law and the master Globalisation & Law with a focus on Corporate & Commercial law. Marianne mainly assists research fellow Bastiaan Kemp with his research. Marianne also participates in the ICGI Masterclass 2016-2017.

Elden van Delft Elden is an ICGI student fellow since November 2016. He is studying the bachelor Dutch Law. Elden carries out general tasks for the ICGI.

Bartosz Krupa Bartosz is an ICGI student fellow since November 2016. In September he started the master international and European Tax Law and also continues with his master European Law School. Bartosz mainly assists vice-academic director Mieke Olaerts with her education and research activities.

Mike Smeets Mike is an ICGI student fellow since January 2017. In September he started the master Dutch Law: specialisations commercial & corporate law and criminal law. Mike mainly assists research fellow Samantha Renssen with her research.

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PARTNERSHIPS

ICGI associate programme

A fine example of our partnering strategy is the ICGI associate programme. This programme, based on the sharing of knowledge, is especially suitable for law firms that want to combine their own expertise with up-to-date legal research and who are focused on academic research in the field of corporate law. ICGI has therefore partnered with the Faculty of Law to provide training and development for (corporate) lawyers. The Associate Programme is designed to offer companies the opportunity to improve the service level towards their clients, while at the same time enhance their professional reputation. For an annual fee ICGI benefits their Associates by a combination of the following:

Lectures In-house lectures on current issues in the field of corporate law are provided by ICGI Fellows twice a year. Additional in-house courses, presentations or lectures are optional and offered at a reduced rate. Moreover, ICGI Associates are able to follow all post graduate courses at the Faculty of Law at a discounted rate as well.

ICGI network ICGI offers exposure to their Associates within its network, providing access to e.g. other academic institutes, alumni, students and other Associates. In practice this constitutes to Associates teaching students at the Faculty of Law both in current and new educational programmes and bringing students into direct contact with the firm, its people and corporate practice. It provides legal professionals that work in practice the opportunity to gain exposure in the light of prominent education activities (e.g. co- developing and teaching academic post graduate education) and promoting their research at specific conferences.

Research assistance When in need of advice on corporate law issues, participating companies have ICGI Fellows at their disposal (contract research). Additionally ICGI offers assistance in the bringing about of academic publications (whether by individual employees or company- wide), and play an advisory role in formulating the company point of view on upcoming legislation.

Reduced rates ICGI Associates profit from additional in-house courses, presentations or lectures are for a reduced rate. Furthermore, associates receive 30% discount on all post graduate courses at the faculty of law.

Associated firms

1. DVDW Advocaten

“Our relationship with the ICGI enables us to strengthen our academic abilities and keep evolving our knowledge regarding company law. It is one of the ways by which we ensure that we can keep giving our clients legal advice of the highest quality.”

DVDW Advocaten is a mid-sized law firm with offices in The Hague and . The focus is on supporting the top of medium sized and big enterprises, large companies and financial institutions. DVDW Advocaten does not only work for Dutch companies,

10 but also for (foreign) entrepreneurs exploring the possibilities to invest in the Netherlands or abroad.

DVDW Advocaten offers highly qualitative legal services in advising and representing their clients. All of this in the field of company law with special attention to corporate governance, restructuring and insolvency, employment and incentives, international trade and transport, real estate and family law.

2. Thuis & Partners Advocaten

“Our participation in the ICGI’s Associate Programme actively contributes to our level of expertise.”

Since 1971 Thuis & Partners Advocaten has grown to be the largest law firm in the Parkstad Limburg region and has become one of the major law firms in the Province of Limburg. For over 40 years Thuis & Partners has advised a great deal of enterprises, institutions and governments. Because of their strong international focus and their active engagement in the International Practice Group, their clients are not only medium and large sized entities in The Netherlands.

The team of attorneys at law is specialised in company and insolvency law, labour law, tax law, real estate and government law, tort law and family law.

To keep its strong position in the region, academic knowledge is constantly being increased. All attorneys at law attend specialised individual courses like the prestigious Grotius Academy. To expand their expertise further and to keep close relationship with Maastricht University, the cooperation with ICGI is natural and offers an extra advantage on their competition.

3. Vlaminckx Advocaten

“Our partnership with ICGI enables us to discuss trends and latest developments in corporate law at the highest academic level.”

Vlaminckx Advocaten is situated in Venlo (Limburg) and currently employs 10 lawyers. They offer a range of legal services to especially corporate clients. Vlaminckx Advocaten is characterized by expertise, dedication & accessibility and excellent international cooperation. The firm offers its services within four main legal fields of interest: Labour law, Insolvency & Restructuring, Corporate law and Real Estate & Government. Vlaminckx Advocaten continuously invests in its lawyers by promoting education and enhancing their skills. Through the associate programme Vlaminckx has the opportunity to regularly discuss trends and developments in the corporate law field at the highest academic level.

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PhD RESEARCH

PhD programme for professionals The PhD Programme for Professionals of the Institute for Corporate Law, Governance and Innovation Policies offers the scheduling flexibility to pursue a doctoral degree alongside a professional career without compromising quality. The ICGI PhD Programme for Professionals is for potential PhD researchers who wish to complete a PhD alongside working regular hours as a (legal) professional. The ICGI PhD Programme is designed to equip the candidate with the skills necessary to research and complete a PhD on a topic within the active research areas of ICGI. The Programme is adjusted to complement the various backgrounds of participants.

Working on a dissertation and obtaining a doctoral degree provides the candidate with new knowledge, experiences and career opportunities. However, the necessary efforts and means for this endeavour should not be underestimated. Successfully completing and defending a doctoral research project will also ask a maximum effort of the doctoral candidate in balancing private life, work and research demands. Talents, motivation, perseverance and time-management have to be exploited to their limits. A well- documented and annotated PhD research plan (including the PhD structure, its table of contents and time table) will be the first document to be produced. The ICGI supervisor has to approve this starting document. A close relation in content between the research proposal and the professional expertise of the doctoral candidate will help the latter to focus. Moreover, it will show the potential benefits of the research to the candidate’s employer’s strategy and policy. Our experience is that, in return, the necessary resources (time, money and knowledge) will become available. So in the very beginning of the PhD trajectory in an off-campus setting the alignment of different interests will be of the utmost importance for longer term success.

Profile ICGI PhD candidate ICGI is looking for candidates working in either a profit or non-profit organisation and who have the ambition to develop and pursue an individual research project related to one of ICGI’s research programmes. ICGI welcomes researchers from a variety of backgrounds and experiences to participate in the ICGI PhD Programme for Professionals. We are looking for potential doctoral candidates with a master’s degree who have strong academic records, professional and/ or volunteer experience and affiliation with academic research. We welcome people from all over the world with a wide variety of cultures and disciplines.

Participants in the ICGI PhD Programme for Professionals also work, leaving them minimal time for PhD research. Ideally, the PhD candidate’s employer offers support by allocating time and by allowing the candidate to incorporate their studies into their work (by providing data, support, related assignments and the like). ICGI PhD fellows do not have an employment position at Maastricht University and are known as non- resident PhD candidates (or buitenpromovendi in Dutch). The PhD research is mostly done in their own spare time, or occasionally as part of another job, anywhere in the world. During the intake, candidates will be evaluated on whether they have the (potential) qualities to conduct academic research, sufficient time to conduct this, and the (basic) skills to write and publish about their findings.

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CURRENT PHD RESEARCH

Constantijn van Aartsen - The role of self-interest in corporate law, corporate governance and corporate social responsibility

Self-interested behaviour and the derivative benefits of individual competition are assumed and institutionalised in many aspects of Western civilisation. There is, however, psychological research which indicates that self-interest is a destructive form of learned behaviour which results in greater incidences of corruption, free riding, short-termism and excessive risk taking. Constantijn's research focuses on the role and impact of self-interest assumptions in the design of corporate law, corporate governance and corporate social responsibility. The proposal is that new insights from social psychological research on self-interest urge for reconsideration of the institutionalisation and incentivisation of neoclassical economic self-interest behavioural assumptions which can be seen in many aspects of Western life. The final aim of this research is to propose an alternative framework for corporate law which does not rely on self-interest models but rather on the social norms and co-operative behaviour which form the conceptual foundation for CSR.

Damla Bos – Company groups and parent company liability

This research focuses on company groups and parent company liability within Europe. Situations in which the economic reality of company groups is recognized over the legal reality and the justifications used for that are discussed. After an in-depth analysis of group law, an examination is made of the current state of laws on company groups and parent company liability in cases of damages caused by subsidiary operations. In this respect, European and national company law, tort law, group laws and certain specific laws (such as competition law and environmental law) are discussed on a selective basis as an inventory of parent company liability. For purposes of EU regulation of company groups in the future, the lessons that can be learned from this research are scrutinized and suggestions are presented for a better functioning and modern parent company liability regime.

Maria Paz Godoy - The control for corporate strategy in public listed companies: shareholder influence on strategic decision-making process

The balance of power between the board of directors and the shareholders when the corporate strategy is concerned forms part of an ongoing discussion in the area of corporate law. The aim of this research is to set out the legal, structural and strategic considerations underlying the allocation of power between these two key players and conclude whether the traditional board-management corporate model is still responsible to determine the corporate strategy of corporations or whether a new shared-management model is emerging with the shareholders meeting as the responsible organ to direct the company. Shareholders voting rights are granted for “almost” all fundamental corporate transactions. The result is that significant corporate events are left outside the scope of shareholders involvement. The main goal of this research is to uncover shareholders involvement on the decision making process of three unexplored strategic corporate events typically allocated to the board of directors. First, shareholders involvement in non-financial decisions; second, shareholders involvement in significant value acquisitions, and third; shareholders involvement within the context of convertible debt and loan agreements. Additionally, the research will address the question whether there is a need to enhance shareholders involvement

13 in these three main corporate events in consideration of increasing shareholder activism exerted by short-term investors.

Jeffrey van Nuland - the liability of persons in and around corporations, who have the power to somehow control the corporation and therefore might be liable for the corporations's debts or damages caused to the corporation's creditors.

His research focuses on the liability of persons in and around the corporations. Creditors of the corporation keep looking for different ways and at different individuals in order to recover what they have lost to the corporation. In their search for liability not only the corporation's managers, but also employees, advisors and many other actors that have or could have had some form of control over the corporation's policy and actions are 'being brought to justice' by the corporation's creditors. This research focuses mainly on the liability of this group of individuals. For more information on Jeffrey’s research, read the interview with Jeffrey in the next chapter.

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SPECIAL: INTERVIEW JEFFREY VAN NULAND (PHD)

1. Could you introduce yourself to the readers? Hello! I am Jeffrey van Nuland, 23 years old and currently combining my job at a law firm with my PhD-research. After finishing my studies at Maastricht University I got this amazing chance to combine academic research with working in the field. I started working at Vlaminckx Advocaten, located in Venlo, in February 2016. My daily work at Vlaminckx focuses mainly on corporate and insolvency law and so does my research. For my research I am digging into the liability of persons in and around corporations, who have the power to somehow control the corporation and therefore might be liable for the corporation` s debts or damages caused to the corporation's creditors.

2. Why did you decide to do PhD-research? That's actually a funny story. When I started my studies in Maastricht I was convinced that someday I'd become a lawyer. However, getting involved with the Honours Programme the faculty offered, as well as other research projects, I soon learned that academic research was something I was very fond of. Then again, I could not forget my main goal: to become a lawyer within the least possible time. So, I set aside my feelings for the academic environment and decided that writing a PhD was something I could do in the long run. It was only after this decision that I visited Vlaminckx, one of the firms associated to the ICGI. In the final year of my studies I was introduced to the possibility of combining research with practice. Vlaminckx offered me the chance to do the two things which I really wanted the most: to become a lawyer and writing a PhD. You could say it was an offer I couldn't refuse.

3. Could you tell us more about your research? One of the most important characteristics of each corporation is its legal personality enabling it to serve as a single contracting party that is distinct from the individuals who own or manage the firm. In addition, corporations will bring about limited liability of the corporation's owners and managers. Limiting the liability of the individuals that are in fact representing the corporation or are entitled to its profits comes with the risk that these individuals abuse the advantages of legal personality in favour of themselves. In the last two decades however, the law shows a tendency in which these individuals, mainly managers, are faced with liability-proceedings before, during and after insolvency of the corporation. Creditors of the corporation keep looking for different ways and at different individuals in order to recover what they have lost to the corporation. In their search for liability not only the corporation's managers, but also employees, advisors and many other actors that have or could have had some form of control over the corporation's policy and actions are 'being brought to justice' by the corporation's creditors. My research focuses mainly on the liability of this group of individuals.

4. Why did you choose this topic? This topic relates to several legal fields, including corporate law and insolvency law. I find this mix of different legal fields highly interesting, not only because I get to work in these fields on a daily basis, but also because it requires a broad view of the law. That gives me the opportunity to look at and to learn about a great number of interesting subjects on an academic level and at the same time to think about these subjects from a practical perspective. The inspiration for this specific topic did actually arise from the lively discussions I had and still have with my promoters Kid and Jos. They truly are

15 inspiring persons to work with.

5. How is the relationship between obtaining your doctoral degree and working at a law firm? It's a great experience and hard work at the same time. It does however provide me with the opportunity to write my PhD from a very practical perspective, whilst still giving it the academic content that it needs. At the same I'm able to use my academic skills for the work I do at Vlaminckx, so the combination has a positive effect on both. At times it can be difficult to spend my evenings reading for my PhD after working at the office, but it is mostly very motivating. Work can provide me with ideas, problems and solutions that are relevant for my PhD and vice versa. So, I can honestly say that it is a great relationship.

6. Where do you see yourself in 10 years? In 10 years from now I should of course have reached my goal of becoming a lawyer and obtaining my doctoral degree; it would be quite problematic if I didn't. No seriously, in 10 years from now I'd still like to combine working at a law firm with doing academic research. I'm not a fortune teller though, so I'll let the future decide for itself how I'll be making this combination.

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EDUCATION

ICGI Masterclass 2016-2017 After four successful editions, the fifth ICGI Masterclass kicked off again in November 2016. A selection of eleven students has the possibility to participate in this special programme. The programme consists of various compelling activities. Our three partnering law firms, DVDW Advocaten, Vlaminckx Advocaten and Thuis & Partners Advocaten organize a series of masterclasses which focuses on corporate legal practice. Moreover, the students will participate in a moot court. This moot court is meant to be as realistic as possible. Meeting up with clients, writing legal documents and pleading before a judge will all be part of the process. Additionally, students have the possibility to improve their research skills. They will be involved in research projects of the ICGI fellows. Besides the research, students also have the opportunity to write a proposal for a scientific publication, which can be written together with an ICGI co-author.

Participants of the ICGI Masterclass 2016-2017 Osman Abdi-Rahim, Stefan Bemelmans, Albert von Blumenthal, Willemijn Cauberg, Victor Gielen, Thomas Houben, Rachelle Konings, Nathalie Niederer, Joey van de Pasch, Marianne Pleumeekers, Charles Veekmans

Evaluation ICGI PREMIUM Masterclass 2015-2016 In 2016 the students participated in several interesting and challenging masterclasses organized by the three partnering law firms of the ICGI. DVDW organized a masterclass about ‘Corporate Litigation’ and a masterclass about ‘Restructuring’. Thuis & Partners Advocaten organized a masterclass about ‘Disputes within the corporation’ and Vlaminckx Advocaten organized a masterclass about ‘Acquisitions’ and a masterclass about ‘Pleading’. In addition to these masterclasses, the students participated in groups in a moot court. This moot court consisted out of meeting up with clients, writing legal documents and pleading before a judge in court. The students also had the possibility to write a scientific article with an ICGI co-author. The ICGI PREMIUM Masterclass 2015- 2016 was a great success and resulted in the publication of a book with the title ‘Young Corporate Lawyers 2016’ in which eight articles of the participating students are published.

ICGI Young Corporate Lawyers series The articles presented in the Young Corporate Lawyers 2016 (part of the Young Corporate Lawyers series, editorial board Jos Hamers, Samantha Renssen, Kid Schwarz and Rogier Wolf) discuss present-day topics in an attractive manner and have been put together under the supervision of scholars and legal practitioners. They are written on an academic level with a focus on legal practice and that is exactly what we aim for with this exquisite bundle. Young Corporate Lawyers 2016 is still available for purchase at ‘Uitgeverij Paris’: www.uitgeverijparis.nl

Articles masterclass 2015-2016:

Financieren tijdens de pre-pack periode: do or don’t? N. Le Grand & S. Renssen

Vertegenwoordiging bij N.V. en B.V.: de (on)zin van het richtlijnenstelsel van vertegenwoordiging R. Hollemans & C. Schwarz

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Het recht op inlichtingen van (individuele) aandeelhouders S. Muijlkens & B. Kemp

Het Nederlandse buitengerechtelijk dwangakkoord en het Europese herstructureringsplan: two of a kind? M.L.M. Kneepkens & S. Renssen

Maakt de wetgever een einde aan oneigenlijk gebruik van contracting als (aantrekkelijke) manier voor herstructurering? M.M. van Kralingen-Haanstra & L.H.H. Verhoeven

Company groups in the Recast of the EU Insolvency Regulation – The first regulation attempt and the future prospects C. Litt & M. Olaerts

Een tweede kans voor ‘eerlijke failliete ondernemers’ G. Prudon & S. Renssen

Het aansprakelijkheidsregime van artikel 36 Invorderingswet 1990: handhaven of herzien? M.C.M. Segers

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SPECIAL: ICGI SEMINAR

‘Takeovers’ The Institute for Corporate Law, Governance and Innovation Policies organized, in cooperation with ICGI’s partner law firms, its first seminar for students on the 11th of October 2016. The main theme of this seminar was `takeovers’.

Three ICGI fellows provided interesting presentations on the field of takeovers. Prof. dr. Mieke Olaerts opened the seminar with an introduction to the ICGI Masterclass. Just as last year the ICGI organizes a programme for students with a focus on corporate legal practice.

The next speaker was dr. Bastiaan Kemp, who presented the topic ‘The takeover process’. Bastiaan discussed the different phases of a takeover and illustrated these phases with interesting practical examples.

Afterwards, Prof. dr. Kid Schwarz introduced a case revolving around a Dutch company which possibly would be taken over by a Mexican company. The students represented the various parties involved in the takeover under the supervision of lawyers of our partner law firms. In small groups they prepared for a stakeholders’ meeting which took place at the end of the seminar.

The institute for Corporate Law, Governance and Innovation Policies would like to thank the speakers, DVDW Advocaten, Thuis & Partners Advocaten and Vlaminckx Advocaten for their contribution to this seminar. Last but not least: many thanks to all participants!

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FINANCIAL SUMMARY 2016 In 2016 financing was needed for ICGI to cover expenses for personnel plus financial means for dissemination of projects, representation budget, operational costs and to further programme development.

Funding Internal benefits 31.012 Contracts 70.000 Benefits trades and services 41.828 Others 484

Total funding 143.324

Costs Salary related costs 43.069 Travel/accomodation costs 1.398 Dinner, drinks, catering costs 760 Journals 1.400 Representation, advertisement, copy, promotion costs 1.496 Charges FL 30.150 Total costs 78.273

Netto Result 65.051

Due to a substantial financial commitment (agreed in 2015) by one of ICGI’s partners for the years to come, ICGI’s financial basis in 2016 was much better than in the years before and resulted in a positive outcome. Furthermore, a new PhD contract was signed in 2016 and ICGI decided to quit the PREMIUM project and started to coordinate the masterclass series without involvement of PREMIUM.

Financial prognosis 2017

The result in 2017 is expected to be equal to the result of 2016. We aim to behold and strengthen our financial prospects for the near future even further. Strong efforts will be made to ensure our funding position to remain sound and growing. Based on our new strategic research programme, new collaborations will be sought out with a special focus on interfaculty and interdisciplinary research projects as common denominators to attract new funds.

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OUTPUT 2016 - PUBLICATIONS

Mieke Olaerts

- M. Olaerts, The European Group Interest and Stakeholder Protection, ECL 2016/3, p. 89-91. - M. Olaerts, Eenheid en verscheidenheid in concernverhoudingen, Ondernemingsrecht 2016/75. - S.M. Bartman, A.F.M. Dorresteijn, M. Olaerts, Van het Concern, Deventer: Kluwer 2016. - C. Litt en M. Olaerts, Company groups in the Recast of the EU Insolvency Regulation in: J.J.A. Hamers (e.a.) Young Corporate Lawyers, Zuthphen: Paris 2016, p. 93-108. - M. Olaerts en C.A. Schwarz, Grenzeloos ondernemen? Enige beschouwingen over de vrijheid van vestiging en het op de vennootschap toepasselijke recht, in: O. Vonk e.a. (Red) Grootboek, Liber Amicorum prof. Mr. Gerard-René de Groot, Deventer: Kluwer 2016, p. 293-304. - M. Olaerts, Noot bij Capricorn Capital/Oi Brasil Holdings JOR 2016/350.

Stephan Rammeloo

- Europees IPR in transitie – Een pleidooi voor een betere afstemming tussen IPR en overig (secundair) Gemeenschapsrecht, Feestbundel G.R. de Groot, Deventer 2016, p. 323-334

Samantha Renssen

- S. Renssen, Turboliquidatie. Een korte introductie, Den Haag: Boom Juridisch 2016. - S. Renssen, 'Kernaanbevelingen inzake de turboliquidatie van de besloten vennootschap', TvOB 2016/3. - Rb. Gelderland 27 juni 2016, JOR 2016/268 m.nt. S. Renssen. - CBB 19 april 2016, JOR 2016/226 m.nt. S. Renssen. - M.L.M. Kneepkens & S. Renssen, 'Het Nederlandse buitengerechtelijk dwangakkoord en het Europese herstructureringsplan: two of a kind?' , in: J.J.A. Hamers, S. Renssen, C.A. Schwarz & R.A. Wolf (red.), Young Corporate Lawyers 2016 (ICGI-reeks), Zutphen: Uitgeverij Paris 2016. - N. le Grand & S. Renssen, 'Financieren tijdens de pre-pack periode: do or don't?' , in: J.J.A. Hamers, S. Renssen, C.A. Schwarz & R.A. Wolf (red.), Young Corporate Lawyers 2016 (ICGI-reeks), Zutphen: Uitgeverij Paris 2016. - G. Prudon & S. Renssen, 'Een tweede kans voor 'eerlijke failliete ondernemers. De Europese aanbeveling v. de Nederlandse schuldsaneringsregeling' , in: J.J.A. Hamers, S. Renssen, C.A. Schwarz & R.A. Wolf (red.), Young Corporate Lawyers 2016 (ICGI- reeks), Zutphen: Uitgeverij Paris 2016. - J.J.A. Hamers, S. Renssen, C.A. Schwarz & R.A. Wolf (red.), Young Corporate Lawyers 2016 (ICGI-reeks), Zutphen: Uitgeverij Paris 2016. - S. Renssen, 'De problematiek rondom de ontbrekende jaarrekening bij turboliquidatie', Tijdschrift voor Jaarrekeningenrecht 2016/2. - S. Renssen, 'Turbo Liquidation of a Company: An Open Invitation to Commit Fraud?', European Company Law 2016/3. - S. Renssen, 'Artikel 2:19 lid 4 BW: een maas in de wet?', JBN 2016/13. 21

- S. Renssen, 'Het verzet van een curator ingeval van een lege boedel', Maandblad voor Ondernemingsrecht 2016-2. - Hof 's-Gravenhage 2 juli 2015, JOR 2016/47 m.nt. S. Renssen. - S. Renssen, De turboliquidatie van de Besloten Vennootschap. Serie vanwege het Van der Heijden Instituut. Deel 131, Deventer: Kluwer 2016. - S. Renssen, 'Proefschrift; drie stellingen. De turboliquidatie van de Besloten Vennootschap', WPNR 2016/7090.

Kid Schwarz

- C.A. Schwarz, Vertegenwoordiging bij NV en BV; de (on)zin van het Richtlijnenstelsel van vertegenwoordiging, TvOB 2016, nr. 4, Uitgeverij Paris, Zutphen 2016. Samen met Ruben Hollemans. - C.A. Schwarz, Perikelen rond de vaststelling en publicatie van de jaarrekening en aansprakelijkheid in het kader daarvan. Een reactie. Maandblad voor Ondernemingsrecht, 2016 nr.1&2, p. 39-42. Samen met R. A. Wolf. - C.A. Schwarz, Losbladige Rechtspersonen, Bewerking Boek 2 BW, Titel 5, Afd. 4 De Algemene Vergadering bij de BV, de artt. 2:217 – 2:238, pp.106. - C.A. Schwarz, Certificering van aandelen bij NV en BV, Serie Ondernemingsrecht Deel B, 19, SDU Uitgevers Den Haag 2016, pp. 168. Samen met S.B. Garcia Nelen. - C.A. Schwarz, Young Corporate Lawyers, ICGI-reeks, Uitgeverij Paris, Zutphen 2016, pp.138, Redactie, samen met Hamers, Renssen en Wolf; - C.A. Schwarz, Vertegenwoordiging bij NV en BV; de (on)zin van het Richtlijnenstelsel van vertegenwoordiging, in Young Corporate Lawyers, ICGI-reeks, Uitgeverij Paris, Zutphen 2016, p.25-41 - C.A. Schwarz, Vertegenwoordiging bij NV en BV, een reactie op Van Vught; TvOB 2016, nr.5, Uitgeverij Paris, Zutphen 2016. Samen met Ruben Hollemans. - C.A. Schwarz, Grootboek, Liber Amicorum G.R. de Groot, Kluwer Deventer 2016, pp.481. Redactie samen met Vonk, Rutten, Smits, Van Erp en Hartlief. - C.A. Schwarz, Grenzeloos ondernemen? Enige beschouwingen over de vrijheid van vestiging en het op de vennootschap toepasselijke recht, in Grootboek, Liber Amicorum G.R. de Groot, Kluwer Deventer 2016, p.292-305. Samen met Mieke Olaerts. - C.A. Schwarz, Met bestuur ‘polderende’ president-commissaris staat toezicht in de weg. Het Financieele Dagblad, 28 november 2016, p.9 (samen met A.J. van Soelen). - C.A. Schwarz, Naschrift op Van Vught, ‘De ratio van de Richtlijn en de beschroomdheid van Bibolini’, TvOB 2016, nr.6, p. 191/192 (samen met Ruben Hollemans).

Rogier Wolf

- R.A. Wolf, Groene Serie Rechtspersonen, commentaar bij art. 2:192a, 194, 197 en 198 BW (Boek 2 BW, Titel 5, afdeling 2, aandelen in de BV), Deventer: Wolters Kluwer 2016. - R.A. Wolf, annotatie bij Hof Amsterdam (OK) 2 augustus 2016, ECLI:NL:GHAMS:2016:3129, Uitkoopprocedure Ten Cate, eisen aan notariële verklaring, Jurisprudentie in Nederland (JIN) 2016/171. - R.A. Wolf, ‘Het certificaat van aandeel in de BV met (flexibel) vergaderrecht en (zonder) wettelijk pandrecht ex art. 3:259 BW of (met) pandrecht ex art. 2:198 BW’, TvOB 2016-5, p. 145-153. - R.A. Wolf, annotatie bij Rb. Den Haag 11 mei 2016, ECLI: NL: RBDHA: 2016: 5701, Certificering van aandelen, borgtocht, toestemming van echtgenote ex art. 1:88 BW, JOR 2016/229. 22

- J.J.A. Hamers, S. Renssen, C.A. Schwarz & R.A. Wolf (red.), Young Corporate Lawyers 2016, ICGI-reeks, Zutphen: Uitgeverij Paris 2016. - R.A. Wolf, ‘Afstand doen van aandeelhoudersrechten in een aandeelhoudersovereenkomst‘, WPNR 2016 (7115), p. 581-583. - R.A. Wolf, Redactioneel, TvOB 2016-3, p. 81. - R.A. Wolf, ‘Het stemrechtloze aandeel met ‘slechts’ een recht op uitkering van het overschot na vereffening. Een reactie.‘, Ondernemingsrecht 2016-6, p. 246-247, nr. 52. - C.A. Schwarz & R.A. Wolf, Perikelen rond de vaststelling en publicatie van de jaarrekening en aansprakelijkheid in het kader daarvan. Een reactie, Maandblad voor Ondernemingsrecht 2016-1&2, p. 39-42. - R.A. Wolf, ‘Het maatpak van statutaire eisen en verplichtingen, een reactie‘, JBN 2016, afl. 2, nr. 11, p. 13-14. - R.A. Wolf, Het certificaat van aandeel in de BV. Enkele beschouwingen en recente ontwikkelingen na invoering van de Wet Flex-BV, WPNR 2016 (7093), p. 97-107.

Jeffrey van Nuland

- J.E. van Nuland, 'De aansprakelijkheid van de moderne commanditaire vennoot', MvO 2016, nr. 10/11, p. 252-259.

Jos Hamers

- J.J.A. Hamers, 'Waarin een eiland (de) Groot kan zijn: ontwikkelingen in het Arubaans ondernemingsrecht', in: Grootboek, Opstellen aangeboden aan Prof.mr. Gerard-René de Groot ter gelegenheid van zijn afscheid als hoogleraar rechtsvergelijking en internationaal privaatrecht aan de Universiteit Maastricht, Deventer: Wolters Kluwer 2016, p. 173-186 - Young Corporate Lawyers 2016. Renssen, S. (ed.), Hamers, J. (ed.), Schwarz, C. (ed.) & Wolf, R. A. 2016 Zutphen: Uitgeverij Paris. 136 p. (ICGI-reeks; vol. 4)

Bastiaan Kemp

- B. Kemp, Proefschrift; Drie stellingen, WPNR 2016/7094. - B. Kemp, Bonje binnen de vereniging van eigenaars. Een bespreking van misbruik van meerderheidsmacht aan de hand van Rb. Limburg 5 november 2015, ECLI:NL:RBLIM:2015:9607, Maandblad voor Ondernemingsrecht 2016/6; - B. Kemp & M.E.C. Lok, De welwillendheidsbeslissing: waar een wil is, is een weg? WPNR 2016 7127; - B. Kemp, De raadgevende stem van bestuurders en commissarissen bij de BGA, TvOB 2016/6.

Constantijn van Aartsen

- C. van Aartsen, ‘The end of the public-private divide’, Maastricht Law News and Views (September 14, 2016)

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OUTPUT 2016 - Presentations, guest lectures and seminars

Jan Eijsbouts

- Guest Lecture, Globalisation, Business regulation, Corporate Governance and Responsibility, Compliance and Strategy, Maastricht University - Southampton University MBA Residential Program, Maastricht, 20 January 2016. - Guest Lecture Corporate Social Responsibility in a Globalisation Context, LLM Master Program University Sankt Gallen, Switzerland, 24 March 2016 - De Brauw, Compliance Day, Amsterdam, 7 April 2016 - Mentor Group, Forum, 11-13 April 2016, chairing Corporate Round Table - Smart Mixes Conference, Erasmus University Rotterdam, 15 April 2016 - International Labour Rights and Compliance Conference, Leiden University, 22 April 2016 - EU CSR Roadmap Conference, organized by The Netherlands Presidency of the EU, Amsterdam 11 May 2017 - Lecture, From Lockheed to Dieselgate, 40 years of international business corruption and its regulation, Science Café Zeist, 12 May 2016 - Private Regulation Conference, Faculty of Law, Utrecht University, 20 May 2016 - International Public Law Conference and Inaugural Lecture Prof. Jure Vidmar, Maastricht University, 27 May 2016 - 15 Year Jubilee Celebration Conference Association Corporate Litigation, Amsterdam 31 May 2016 - Symposium and Valedictory Prof. Gerard Mols, Faculty of Law Maastricht University 17 June 2016 - Guest Lecture, The smart mix of B&HR Remedies, Exploring Ruggie’s Third Pillar, Mediation and arbitration, Summer School Business and Human Rights, London School of Economics, 4-5 July 2016 Mentor Paris Forum, chairing Corporate Round Table, 14-17 September 2016 Paris - Conference Leadership, Entrepreneurship and Stewardship and inaugural Lecture Prof. Tineke Lambooy, Nijenrode Universiteit, Breukelen 21 September 2016 - Doctoral Defence Catalina Goanta and seminar, Maastricht University, 4-5 October 2016 - Valedictory Prof. G. Rene de Groot, Law Faculty Maastricht University, 14 October 2016 - European General Counsel Association autumn meeting, Airbus, Toulouse, 27-28 October 2016 - Dutch NCP Stakeholder Meeting and Farewell seminar NCP-member Herman Mulder, The Hague, 3 November 2016 - UN Forum on Business and Human Rights, side session International Arbitration Tribunal Business and Human Rights, Geneva, 14-16 November 2016 - Lecture, ONE BRAND, ONE PROFIT, ONE ENTERPRISE? Duties and responsibilities of parent companies, Ius Commune 2016 Conference, Maastricht University, 24-25 November 2016 - Doctoral Defence Fred van Haasteren, Leiden University, Leiden 8 December 2016 - Integrity Conference ICC/VNO-NCW, The Hague 9 December 2016 - Doctoral Defence Willem Loof, Maastricht University, 19 December 2016

Mieke Olaerts

- Ius Commune Conference: Workshop on Company law: organizer and chair (Maastricht, 24 en 25 november 2016) - Symposium Stichting Wono (medeorganisatie en leiden debat over nut van een opleiding voor promovendi)

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Stephan Rammeloo

- Teaching: ‘Cross-border commercial arbitration & litigation’, China European Union School of Law (CUPL - CESL) Beiijng, China (January, 2016) - Teaching: ‘European Company Law’, China European Union School of Law (CUPL - CESL) Beiijng, China (December) - Private International Law Conference Chisinau (Moldova): New Cross-border Civil and Commercial Procedural Law on Prorogation: EU Regulation 1215/2012 (the ‘Recast’) and the 2005 Hague Convention on Choice of Court Agreements – A Rubik Cube? - 2015/16 - Toezichthouder onderzoek WODC (MvJ) Zorgplichten van bedrijven en internationaal maatschappelijk verantwoord ondernemen (IMVO)

Kid Schwarz

- Prof. Schwarz is giving presentations and seminars and teaching courses on a very regular base. - Key-note IVO Ondernemingsrecht Congres Groningen (November 18 and 19, 2016).

Jos Hamers

- Associate Dean for Education - Gastdocent Arubaans Rechtspersonen en Ondernemingsrecht aan de Universiteit van Aruba - PAO Cursus ‘Recente ontwikkelingen personenvennootschapsrecht’ Maastricht University, Woensdag 7 december 2016

Constantijn van Aartsen

- PhD Council Representative Faculty of Law Maastricht - Ius Commune PhD Representative Maastricht - Panelist for Panama Papers Debate at the Faculty of Law in Maastricht, 20 April 2016 - Research presentation Stichting Wetenschappelijk Onderzoek Notarieel Ondernemingsrecht (WONO), 2 December 2016 - CSR presentation in Brussels for European Parliament Trainees 12 December 2016 - Attended Ius Commune Maastricht, November 2016 - Attended Frank Bold Seminar on Corporate Purpose (invite only), February 2016 - Attended Maastricht Sustainability Education Symposium, June 2016

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