The Limburg court has declared itself competent in a case of a victim of fake advertisements against the seller of CFD products from Cyprus. The provider stated that the victim was a professional investor and had to go to Cyprus for the lawsuit. The court disagrees.
Dutch entrepreneurs can set up a foreign legal entity such as the English "Limited" (Ltd.) with which they are only active in the Netherlands. Sometimes it concerns entrepreneurs with a history of fraud or bankruptcy, who - not for the first time - do not fulfill their obligations. What if you have money from such a limited and the company does not pay? Can you go to the Dutch court to file for bankruptcy or do you have to conduct expensive proceedings abroad?