The Netherlands enacted new legislation on 12 June 2012 concerning the private limited liability company, termed the B.V. (besloten vennootschap met beperkte aansprakelijkheid). This law strives to change the current straightjacket of B.V. law into a legal leotard. This has caused the new law to be referred to as the Flex(ible) B.V. law and the corporate entity of the B.V. to be referred to as the Flex B.V. The new law entered into force on 1 October 2012. Notable changes that the Flex B.V. law has brought are in the fields of capital, shares, the board of managing directors, and minority shareholders
European Company Law