The aim of annual accounts proceedings is to expose errors in annual accounts that have been adopted. This can lead to the court ordering the company to adjust its annual accounts, and the legal consequence may be that the annual accounts are declared void.

Not everyone can institute a claim for annual accounts proceedings at the Enterprise Division of the Amsterdam Court of Appeal. To do so, the person must qualify as an entitled party within the meaning of the annual accounts proceedings. This applicant must bear in mind that a certain period of time will apply within which annual accounts proceedings must be initiated.

Practice has shown that annual accounts proceedings are gradually attracting greater interest. However, this does demand specialist expertise of the service provider where applicable procedural rules and the application of the law relating to annual accounts are concerned. CMS Derks Star Busmann has wide experience in advising and assisting parties in annual accounts proceedings.