Arrestenbundel Fusies, Reorganisaties en
Insolventie
,Inhoudsopgave
A: Aandelenfusie in besloten verhoudingen: overnameproces, contractsvorming, voorfase, due
diligence, SPA, aandeelhoudersovereenkomst .............................................................................. 6
HR 22 december 1995, NJ 1996/300 (Hoog Catharijne)....................................................................... 6
HR 14 mei 2004, ECLI:NL:HR:2004:AO1214 (M&M Beheer) ................................................................. 6
HR 12 augustus 2005, NJ 2005/467 (CBB/JPO) ................................................................................... 6
HR 19 januari 2007, NJ 2007/575 (Lundiform/Mexx) ............................................................................ 6
HR 7 februari 2015, JOR 2014/92 (Afvalzorg/Slotereind) ...................................................................... 7
HR 13 december 2019, ELCI:NL:HR:2019:1940 (Monumentenmaatschappij Valerbosch) ..................... 7
A: Private Equity ........................................................................................................................... 8
Hof Amsterdam (OK) 27 mei 2010, JOR 2010/189 (PCM II)................................................................... 8
Hof Amsterdam (OK) 10 december 2019, JOR 2020/144 (Estro) ........................................................... 8
A: Overnames: remedies bij tekortkoming; onvoorziene omstandigheden ...................................... 10
Vzr. Rb. Amsterdam (NCC) 29 april 2020, JOR 2020/223 (Tennor) .......................................................10
Vzr. Rb. Amsterdam 14 mei 2020, ECLI:NL:RBAMS:2020:2644 (Nordian) ............................................11
Behandeld in college: Corendon/Sunscreen .....................................................................................11
Vzr. Rb. Amsterdam 19 mei 2020, ECLI:NL:RBAMS:2020:3091 (Care Medical/Vision) ..........................11
X/Heineken, HR 24 december 2021 ..................................................................................................12
HR 24 december 2021, JOR 2022/109 (X/Heineken) ..........................................................................13
Behandeld in college: Eigen Haard ...................................................................................................13
A: Juridische fusie, grensoverschrijdende fusie, juridische splitsing, oprichting SE door fusie ......... 14
HvJ EG 13 december 2005, NJ 2009/201 (Sevic Systems) ...................................................................14
HR 14 september 2007, NJ 2007/610 (Versatel I) ...............................................................................14
Hof Amsterdam (OK) 20 september 2007, JOR 2008/36 (Shell) ...........................................................15
Gerechshof Amsterdam 1 september 2020, ECL:NLGHAMS:2020:2379 (Mediaset) .............................17
B: De rol van de werknemer in de onderneming en medezeggenschapsrechten .............................. 18
HR 7 oktober 1998, NJ 1999/778 (NS Reizigers) .................................................................................18
HR 26 januari 2000, NJ 2000/223 (Haagse grenscorrecties) ................................................................18
Hof Amsterdam (OK) 15 april 2004, ROR 2004/34 (VNU Publitec) .......................................................18
Gerechtshof Leeuwarden 31 mei 2006, JAR 2006/154 (Arriva) ............................................................19
Hof Amsterdam (OK) 19 april 2012, JAR 2013/155 (NCRV) ..................................................................19
Hof Amsterdam (OK) 9 juli 2013, ARO 2013/141 (Watts Industries) .....................................................19
Hof Amsterdam (OK) 27 februari 2014, RAR 2014/77 (Fundis) ............................................................19
Hof Amsterdam (OK) 15 mei 2014, RAR 2014/135 (Sappi) ..................................................................20
Hof Amsterdam (OK) 19 oktober 2016, JAR 2016/278 (IOR SHL Engineering BV) ..................................20
HR 2 juni 2017, JOR 2017/248 (OR DA) ..............................................................................................20
Hof Amsterdam (OK) 10 oktober 2017, JOR 2017/292 (OR Uniface/Uniface)........................................21
2
, HR 18 mei 2018, JAR 2018/151 (OR Holland Casino)..........................................................................21
Hof Amsterdam (OK) 8 oktober 2020, JAR 2021/32 (OBA) ...................................................................21
B: Werknemersbescherming bij reorganisatie/herstructurering ..................................................... 22
HvJEG 27 januari 2005, JAR 2005.52 (Junk/Kühnel) ............................................................................22
HR 14 juli 2017, JAR 2017/205 (Tante Louise).....................................................................................22
HR 13 juli 2018, JAR 2018/202 (ANWB)..............................................................................................23
HvJ EU 7 augustus 2018, JAR 2018/226 (Bichat) .................................................................................23
HR 18 januari 2019, JAR 2019/54 (SIEP) ............................................................................................23
HR 15 februari 2019, JAR 2019/74 (KLM)............................................................................................23
HvJ EU 11 november 2020, ECLI:EU:C:2020:898 (Marclean) ..............................................................23
HR 15 februari 2019, ECLI:NL:HR:2019:229 ................................... Fout! Bladwijzer niet gedefinieerd.
HR 18 februari 2022, ECLI:NL:HR:2022:276 (Anti-misbruikbepaling opzegverbod bij ziekte) .................24
B: Overgang van Onderneming I (OVO) - Wanneer is er sprake van een ovo? .................................... 25
HvJ EG 18 maart 1986, NJ 1987/502 (Spijkers/Benedik)......................................................................25
HvJ EG 19 september 1995, NJ 1996/520 (Rygaard) ...........................................................................25
HvJ EG 11 maart 1997, JAR 1997/91 (Süzen) ......................................................................................25
HvJ EG 25 januari 2001, JAR 2001/68 (Finse busmaatschappijen) .......................................................26
HvJ EG 24 januari 2002, JAR 2002/47 (Temco) ....................................................................................26
HvJ EG 12 februari 2009, jAR 2009/92 (klarenberg/Ferrotron)..............................................................26
HR 26 juni 2009, JAR 2009/183 (Bos/Pax) ..........................................................................................27
HvJ EU 7 augustus 2018, JAR 2018/225 (Sigüenza) .............................................................................27
HvJ EU 13 juni 2019, JAR 2019/183 (Ellinika Nafpigeia) .......................................................................27
HvJ EU 27 februari 2020, JAR 2020/90 (Duitse busmaatschappijen) ....................................................27
B: De gevolgen van een overgang van onderneming: automatische overgang van werknemers ........ 28
HvJ EG 7 februari 1985, NJ 1985/902 (Botzen)....................................................................................28
HvJ EU 21 oktober 2010, NJ 2010/576, Ondernemingsrecht 2011/7 (Albron/Roest)..............................28
HvJ EU 20 juli 2017, JAR 2017/223 (Piscarreta Ricardo) ......................................................................28
HvJ EU 26 maart 2020, JAR 2020/110 (ISS/Govaerts) ..........................................................................28
B: Overgang van Onderneming (OVO) II - De gevolgen van een overgang van onderneming: het
behoud van rechten en verplichtingen .......................................................................................... 29
HvJ EG 10 februari 1988, NJ 1990/423 (Daddy’s Dance Hall)...............................................................29
B: De gevolgen van een overgang van onderneming: de ontslagbescherming .................................. 29
HvJ EG 12 maart 1998, JAR 1998/100 (Dethier) ..................................................................................29
HvJ EU 7 augustus 2018, JAR 2018/225 (Sigüenza) .............................................................................29
B: De gevolgen van een overgang van onderneming: informatie en consultatie ............................... 30
HR 26 juni 2009, JAR 2009/183 (Bos/Pax) ..........................................................................................30
3
, B: De gevolgen van overgang van onderneming bij faillissement..................................................... 30
HvJEU 28 april 2022, JAR 2022/127 (Heiploeg) ...................................................................................30
HR 6 oktober 2023, ECLI:NL:HR 2023:1372, JAR 2023/290 (Heiploeg).................................................30
C: Faillissementsrecht: vereisten faillietverklaring, rechtsmiddelen, hoofdrolspelers .................... 31
HR 19 april 1996, NJ 1996/727 (Maclou/ Curatoren Van Schuppen) ....................................................31
HR 6 februari 2015, JOR 2015/181 (VDV Totaalbouw) .........................................................................31
HR 18 december 2015, NJ 2016/172 (Hoeksma q.q. / R.M. Trade).......................................................31
HR 22 december 2017, NJ 2018/154 (Boersen q.q. / Bpf voor het Levensmiddelenbedrijf) ...................31
HR 9 november 2018, NJ 2018/464 (De Klerk q.q. en El Ayoubi pro se/X) .............................................32
C:Faillissementsrecht, fixatiebeginsel, rangorde, boedelschulden, separatisten, Belastingdienst. . 33
HR 28 september 1990 De Ranitz/Ontvanger,....................................................................................33
HR 28 april 2006 Huijzer q.q./Rabo-Far beheer BV, ............................................................................33
HR 30 oktober 2009 Hamm q.q./ABN Amro Bank,..............................................................................34
Dix q.q./ING Bank, HR 3 februari 2012 ..............................................................................................34
Koot Beheer/Tideman q.q., HR 19 april 2013 .....................................................................................34
CZ Zorgkantoor/Scholtes q.q., HR 31 oktober 2014 ...........................................................................35
JPR Advocaten/Gunning q.q., HR 20 maart 2015 ...............................................................................35
Rabobank/Verdonk q.q., HR 5 februari 2016 ......................................................................................35
Rabobank/Reuser, HR 3 juni 2016 ....................................................................................................36
Ridderkerkse Taxi Centrale, HR 4 juni 2021........................................................................................36
RFH/Wittekamp q.q., HR 28 januari 2022 ..........................................................................................36
C: Procedures, wederkerige overeenkomsten, verrekening ............................................................ 38
HR 28 september 1990 De Ranitz/Ontvanger ....................................................................................38
HR 10 januari 1975, NJ 1976/249 (Postgiro) .......................................................................................38
HR 13 mei 2005, NJ 2005/406 (BaByXL).............................................................................................38
HR 3 november 2006, NJ 2007/155 (Nabla) .......................................................................................40
HR 11 juli 2014, NJ 2014/407 (Berzona) .............................................................................................40
HR 17 februari 2017, NJ 2017/142 (Bouwgros) ...................................................................................40
HR 23 maart 2018, JOR 2018/254 (Credit Suisse/Jongepier q.q.) .........................................................40
HR 25 augustus 2023, ECLI:NL:HR2023:1135 (ING/Van den Bergh q.q.)..............................................41
C: WHOA (in theorie) .................................................................................................................... 42
HR 25 februari 2022, NJ 2022/150 (X/Pensioenfonds Horeca & Catering) ............................................42
C: WHOA (in de praktijk) ............................................................................................................... 42
Rechtbank Rotterdam, 9 maart 2023, NJ 2023/184, m. nt. F.M.J. Verstijlen ..........................................42
C: Pauliana, Peeters/Gatzen-vordering ......................................................................................... 43
HR 14 januari 1983, NJ 1983/597 (Peeters q.q./Gatzen) .....................................................................43
4
Insolventie
,Inhoudsopgave
A: Aandelenfusie in besloten verhoudingen: overnameproces, contractsvorming, voorfase, due
diligence, SPA, aandeelhoudersovereenkomst .............................................................................. 6
HR 22 december 1995, NJ 1996/300 (Hoog Catharijne)....................................................................... 6
HR 14 mei 2004, ECLI:NL:HR:2004:AO1214 (M&M Beheer) ................................................................. 6
HR 12 augustus 2005, NJ 2005/467 (CBB/JPO) ................................................................................... 6
HR 19 januari 2007, NJ 2007/575 (Lundiform/Mexx) ............................................................................ 6
HR 7 februari 2015, JOR 2014/92 (Afvalzorg/Slotereind) ...................................................................... 7
HR 13 december 2019, ELCI:NL:HR:2019:1940 (Monumentenmaatschappij Valerbosch) ..................... 7
A: Private Equity ........................................................................................................................... 8
Hof Amsterdam (OK) 27 mei 2010, JOR 2010/189 (PCM II)................................................................... 8
Hof Amsterdam (OK) 10 december 2019, JOR 2020/144 (Estro) ........................................................... 8
A: Overnames: remedies bij tekortkoming; onvoorziene omstandigheden ...................................... 10
Vzr. Rb. Amsterdam (NCC) 29 april 2020, JOR 2020/223 (Tennor) .......................................................10
Vzr. Rb. Amsterdam 14 mei 2020, ECLI:NL:RBAMS:2020:2644 (Nordian) ............................................11
Behandeld in college: Corendon/Sunscreen .....................................................................................11
Vzr. Rb. Amsterdam 19 mei 2020, ECLI:NL:RBAMS:2020:3091 (Care Medical/Vision) ..........................11
X/Heineken, HR 24 december 2021 ..................................................................................................12
HR 24 december 2021, JOR 2022/109 (X/Heineken) ..........................................................................13
Behandeld in college: Eigen Haard ...................................................................................................13
A: Juridische fusie, grensoverschrijdende fusie, juridische splitsing, oprichting SE door fusie ......... 14
HvJ EG 13 december 2005, NJ 2009/201 (Sevic Systems) ...................................................................14
HR 14 september 2007, NJ 2007/610 (Versatel I) ...............................................................................14
Hof Amsterdam (OK) 20 september 2007, JOR 2008/36 (Shell) ...........................................................15
Gerechshof Amsterdam 1 september 2020, ECL:NLGHAMS:2020:2379 (Mediaset) .............................17
B: De rol van de werknemer in de onderneming en medezeggenschapsrechten .............................. 18
HR 7 oktober 1998, NJ 1999/778 (NS Reizigers) .................................................................................18
HR 26 januari 2000, NJ 2000/223 (Haagse grenscorrecties) ................................................................18
Hof Amsterdam (OK) 15 april 2004, ROR 2004/34 (VNU Publitec) .......................................................18
Gerechtshof Leeuwarden 31 mei 2006, JAR 2006/154 (Arriva) ............................................................19
Hof Amsterdam (OK) 19 april 2012, JAR 2013/155 (NCRV) ..................................................................19
Hof Amsterdam (OK) 9 juli 2013, ARO 2013/141 (Watts Industries) .....................................................19
Hof Amsterdam (OK) 27 februari 2014, RAR 2014/77 (Fundis) ............................................................19
Hof Amsterdam (OK) 15 mei 2014, RAR 2014/135 (Sappi) ..................................................................20
Hof Amsterdam (OK) 19 oktober 2016, JAR 2016/278 (IOR SHL Engineering BV) ..................................20
HR 2 juni 2017, JOR 2017/248 (OR DA) ..............................................................................................20
Hof Amsterdam (OK) 10 oktober 2017, JOR 2017/292 (OR Uniface/Uniface)........................................21
2
, HR 18 mei 2018, JAR 2018/151 (OR Holland Casino)..........................................................................21
Hof Amsterdam (OK) 8 oktober 2020, JAR 2021/32 (OBA) ...................................................................21
B: Werknemersbescherming bij reorganisatie/herstructurering ..................................................... 22
HvJEG 27 januari 2005, JAR 2005.52 (Junk/Kühnel) ............................................................................22
HR 14 juli 2017, JAR 2017/205 (Tante Louise).....................................................................................22
HR 13 juli 2018, JAR 2018/202 (ANWB)..............................................................................................23
HvJ EU 7 augustus 2018, JAR 2018/226 (Bichat) .................................................................................23
HR 18 januari 2019, JAR 2019/54 (SIEP) ............................................................................................23
HR 15 februari 2019, JAR 2019/74 (KLM)............................................................................................23
HvJ EU 11 november 2020, ECLI:EU:C:2020:898 (Marclean) ..............................................................23
HR 15 februari 2019, ECLI:NL:HR:2019:229 ................................... Fout! Bladwijzer niet gedefinieerd.
HR 18 februari 2022, ECLI:NL:HR:2022:276 (Anti-misbruikbepaling opzegverbod bij ziekte) .................24
B: Overgang van Onderneming I (OVO) - Wanneer is er sprake van een ovo? .................................... 25
HvJ EG 18 maart 1986, NJ 1987/502 (Spijkers/Benedik)......................................................................25
HvJ EG 19 september 1995, NJ 1996/520 (Rygaard) ...........................................................................25
HvJ EG 11 maart 1997, JAR 1997/91 (Süzen) ......................................................................................25
HvJ EG 25 januari 2001, JAR 2001/68 (Finse busmaatschappijen) .......................................................26
HvJ EG 24 januari 2002, JAR 2002/47 (Temco) ....................................................................................26
HvJ EG 12 februari 2009, jAR 2009/92 (klarenberg/Ferrotron)..............................................................26
HR 26 juni 2009, JAR 2009/183 (Bos/Pax) ..........................................................................................27
HvJ EU 7 augustus 2018, JAR 2018/225 (Sigüenza) .............................................................................27
HvJ EU 13 juni 2019, JAR 2019/183 (Ellinika Nafpigeia) .......................................................................27
HvJ EU 27 februari 2020, JAR 2020/90 (Duitse busmaatschappijen) ....................................................27
B: De gevolgen van een overgang van onderneming: automatische overgang van werknemers ........ 28
HvJ EG 7 februari 1985, NJ 1985/902 (Botzen)....................................................................................28
HvJ EU 21 oktober 2010, NJ 2010/576, Ondernemingsrecht 2011/7 (Albron/Roest)..............................28
HvJ EU 20 juli 2017, JAR 2017/223 (Piscarreta Ricardo) ......................................................................28
HvJ EU 26 maart 2020, JAR 2020/110 (ISS/Govaerts) ..........................................................................28
B: Overgang van Onderneming (OVO) II - De gevolgen van een overgang van onderneming: het
behoud van rechten en verplichtingen .......................................................................................... 29
HvJ EG 10 februari 1988, NJ 1990/423 (Daddy’s Dance Hall)...............................................................29
B: De gevolgen van een overgang van onderneming: de ontslagbescherming .................................. 29
HvJ EG 12 maart 1998, JAR 1998/100 (Dethier) ..................................................................................29
HvJ EU 7 augustus 2018, JAR 2018/225 (Sigüenza) .............................................................................29
B: De gevolgen van een overgang van onderneming: informatie en consultatie ............................... 30
HR 26 juni 2009, JAR 2009/183 (Bos/Pax) ..........................................................................................30
3
, B: De gevolgen van overgang van onderneming bij faillissement..................................................... 30
HvJEU 28 april 2022, JAR 2022/127 (Heiploeg) ...................................................................................30
HR 6 oktober 2023, ECLI:NL:HR 2023:1372, JAR 2023/290 (Heiploeg).................................................30
C: Faillissementsrecht: vereisten faillietverklaring, rechtsmiddelen, hoofdrolspelers .................... 31
HR 19 april 1996, NJ 1996/727 (Maclou/ Curatoren Van Schuppen) ....................................................31
HR 6 februari 2015, JOR 2015/181 (VDV Totaalbouw) .........................................................................31
HR 18 december 2015, NJ 2016/172 (Hoeksma q.q. / R.M. Trade).......................................................31
HR 22 december 2017, NJ 2018/154 (Boersen q.q. / Bpf voor het Levensmiddelenbedrijf) ...................31
HR 9 november 2018, NJ 2018/464 (De Klerk q.q. en El Ayoubi pro se/X) .............................................32
C:Faillissementsrecht, fixatiebeginsel, rangorde, boedelschulden, separatisten, Belastingdienst. . 33
HR 28 september 1990 De Ranitz/Ontvanger,....................................................................................33
HR 28 april 2006 Huijzer q.q./Rabo-Far beheer BV, ............................................................................33
HR 30 oktober 2009 Hamm q.q./ABN Amro Bank,..............................................................................34
Dix q.q./ING Bank, HR 3 februari 2012 ..............................................................................................34
Koot Beheer/Tideman q.q., HR 19 april 2013 .....................................................................................34
CZ Zorgkantoor/Scholtes q.q., HR 31 oktober 2014 ...........................................................................35
JPR Advocaten/Gunning q.q., HR 20 maart 2015 ...............................................................................35
Rabobank/Verdonk q.q., HR 5 februari 2016 ......................................................................................35
Rabobank/Reuser, HR 3 juni 2016 ....................................................................................................36
Ridderkerkse Taxi Centrale, HR 4 juni 2021........................................................................................36
RFH/Wittekamp q.q., HR 28 januari 2022 ..........................................................................................36
C: Procedures, wederkerige overeenkomsten, verrekening ............................................................ 38
HR 28 september 1990 De Ranitz/Ontvanger ....................................................................................38
HR 10 januari 1975, NJ 1976/249 (Postgiro) .......................................................................................38
HR 13 mei 2005, NJ 2005/406 (BaByXL).............................................................................................38
HR 3 november 2006, NJ 2007/155 (Nabla) .......................................................................................40
HR 11 juli 2014, NJ 2014/407 (Berzona) .............................................................................................40
HR 17 februari 2017, NJ 2017/142 (Bouwgros) ...................................................................................40
HR 23 maart 2018, JOR 2018/254 (Credit Suisse/Jongepier q.q.) .........................................................40
HR 25 augustus 2023, ECLI:NL:HR2023:1135 (ING/Van den Bergh q.q.)..............................................41
C: WHOA (in theorie) .................................................................................................................... 42
HR 25 februari 2022, NJ 2022/150 (X/Pensioenfonds Horeca & Catering) ............................................42
C: WHOA (in de praktijk) ............................................................................................................... 42
Rechtbank Rotterdam, 9 maart 2023, NJ 2023/184, m. nt. F.M.J. Verstijlen ..........................................42
C: Pauliana, Peeters/Gatzen-vordering ......................................................................................... 43
HR 14 januari 1983, NJ 1983/597 (Peeters q.q./Gatzen) .....................................................................43
4
