OrbitaxECJ: Netherlands refund regime for investment funds incompatible with EC free movement of capital
|Approved Changes|EU-Netherlands
On 20 May 2008, the European Court of Justice (ECJ) gave its decision in the case of Staatssecretaris van Financiën v Orange European Smallcap Fund NV (Case C-194/06). The Netherlands Supreme Court (Hoge Raad der Nederlanden) had requested a preliminary ruling from the ECJ on 14 April 2006.
The ECJ held that Arts. 56 and 58 of the EC Treaty do not preclude legislati…
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