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… 2021 3 - staat van baten en lasten 2021 4 II Toelichtingen - balans per 31 december 2021 5 - toelichting op staat van baten en lasten 2021 7 3 BALANS PER 31 DECEMBER 2021 ACTIVA 2021 2020 VASTE ACTIVA VLOTTENDE ACTIVA Debiteuren Overige vorderingen Liquide middelen TOTAAL VLOTTENDE ACTIVA € 0 € 0 € 2.000 € 149.699 € 151.699 € 0 € 0 € 2.000 € 164.506 € 166.506 TOTAAL ACTIVA € 151.699 € 166.506 PASSIVA 2021 2020 EIGEN VERMOGEN KORTLOPENDE SCHULDEN Crediteur: Westpark accountant Crediteur: Van … toegekend. BALANS VLOTTENDE ACTIVA 31-12-2021 31-12-2020 Debiteuren Restant rekening Westpark € 659 € 0 € 659 € 0 Overige vorderingen 31-12-2021 31-12-2020 Te ontvangen subsidie Elisabeth Strouven PAS 2019/21 (rest 20%) € 2.000 € 2.000 € 2.000 € 2.000 Liquide middelen 31-12-2021 31-12-2020 ING bank rekening-courant € 69.155 € 83.749 Rabo betaalrekening € 534 € 80.747 Rabo spaarrekening € 80.010 € 10 € 149.699 € 164.506 EIGEN VERMOGEN Algemene reserve Stand 1 januari € 151.448 Exploitatiesaldo …

… fellows Dr. Jos Hamers Jos Hamers (1966) is Senior Lecturer in Corporate Law at Maastricht University. He is involved in research on Dutch and Aruban Company Law. Since 2009 he is the associate director of the Maastricht Graduate School of Law. As visiting professor he lectures on Company and Business Law at the University of Aruba. Dr. Mieke Olaerts Mieke Olaerts (1979) is Associate Professor at the Private Law Department at Maastricht University and coordinates i.e. the master course … Programme) funded by the European Union. Benno Friedberg LL.M Benno Friedberg is a PhD-fellow at the Institute for Corporate Law, Governance and Innovation Policies. Together with Samantha Renssen he is writing a doctoral thesis on the turbo liquidation and the lingering death of a Dutch private limited company (BV). Benno Friedberg (1963) is partner of the law firm Friedberg & Partners (Amsterdam). As a lawyer he is specialized in real estate and aviation law. Bastiaan Kemp LL.M Bastiaan … will undergo a selection procedure, and during the assignment they are under professional supervision and coached by trained lecturers and (external) coaches. Besides preparing for the PREMIUM programme, the students participate in various workshops and training sessions organised by UM Career Services and they follow three master classes on entrepreneurship, leadership and creative thinking. ICGI is very supportive of the PREMIUM programme and has commissioned several PREMIUM projects in …

… be bound to a contract if it has expressed its (apparent) intention to enter into a legal relationship with somebody else. This assumes that people have control over what they intend and are able to assess what is in their best interest. If someone buys a house, opens a restaurant or decides to participate in the local Beauty Queen election, everyone will assume that these are rational decisions taken by people having full cognitive ability. Luckily the great majority of people indeed have this … is an instrument to protect parties who are presumed not to be able to take care of their own interests. It could cause a psychiatric patient, unable to oversee the consequences of his actions, great trouble if he were able to validly buy anything being offered for sale. And a nine-year old would have a bad start in life if its parents were not able to invalidate the €25,000 online loan it obtained from BNP Paribas. But this interest to receive legal protection may conflict with two other interests. Protection First, it would be odd if all transactions of a minor or a mentally ill person could be invalidated. Nothing seems to be wrong with a 15-year old buying a copy of Richard Dawkins’ book The God Delusion, which is clearly in the interest of the child’s upbringing. This argument is even more acute for adults: to declare them incapable means that they are no longer allowed to be responsible for …

… 11 15.3 The term ‘force majeure’ is in any event understood not to include: staff shortages, strikes, staff illness, shortages of raw materials, transport problems, breach of obligations by suppliers, failures in the Supplier’s production process and liquidity or solvency problems on the part of the Supplier, or failures on the part of third parties engaged by the Supplier. Article 16 Cancellation 16.1 Without prejudice to the other provisions of the Contract, either Party may cancel the Contract … unless, by that date at the latest, (a) the Purchaser has submitted a claim for the discharge of obligations under the Contract or (b) a claim has been lodged with the competent court by the Purchaser against the Supplier, or by the Bank (or the liquidator or the receiver) against the Purchaser as provided below under point 7. If by [enter above date] the Purchaser has submitted a claim against the Supplier for discharge of the obligations under the Contract, the Purchaser must lodge a claim … submission of a copy of an immediately enforceable decision by a Dutch court given in proceedings between the Bank and the Purchaser showing that the claim and the level thereof are merited; or (b) within the aforementioned four-week time limit, the liquidator or the receiver has served a writ of summons on the Purchaser in legal proceedings to have the merits and the level of the claim established, and the liquidator or the receiver has notified the Bank hereof within the aforementioned time …

… this journey will be around 1 hour and the bus stops at the railway station ‘Bruxelles-Midi’ at ‘Arrêt rue de France’. From railway station ‘Bruxelles-Midi’ you can take the train to Maastricht railway station. You can plan your travel in advance and buy the tickets online. However, you can also buy the tickets at the railway station. A ticket costs around €8,-. Always check the updates concerning your travel route. An example of option 1 : Bruxelles-Midi (Brussels South)  Maastricht Step 1. Travel information Select Youths (15-25) if you are … Brussels South Charleroi Airport to Maastricht is via Charleroi South (Charleroi-Sud). To get from Brussels South Charleroi Airport (also called Gosselies Airport) to Charleroi-Sud you can take bus line A. This bus leaves every half hour and you can buy a ticket at the bus driver, which will cost you around €6,- From Charleroi-Sud railway station you can take the train to Maastricht railway station. First you will have to take the train to Luik-Guillemis (Liege), from there a train will take you …

… W., & Frank, M. Z. (2004). Is all that talk just noise? The information content of internet stock message boards. The Journal of Finance, 59(3), 1259-1294. Barber, B. M., & Odean, T. (2007). All that glitters: The effect of attention and news on the buying behavior of individual and institutional investors. The Review of Financial Studies, 21(2), 785-818. Chen, H., De, P., Hu, Y., & Hwang, B. H. (2014). Wisdom of crowds: The value of stock opinions transmitted through social media. The Review of … be explained by returns?  Which systematic return factors capture important macroeconomic risk? Systematic return factors are the risk factors identified in much of the empirical finance literature. Examples are the 5 Fama-French factors, momentum, liquidity, and volatility. Many more are listed in Harvey, Liu and Zhu (2016).  Which macroeconomic factors are priced?  Most likely the portfolio weights will vary over time, and different stocks or portfolios of stocks will be important in …

… this journey will be around 1 hour and the bus stops at the railway station ‘Bruxelles-Midi’ at ‘Arrêt rue de France’. From railway station ‘Bruxelles-Midi’ you can take the train to Maastricht railway station. You can plan your travel in advance and buy the tickets online. However, you can also buy the tickets at the railway station. A ticket costs around €8,-. Always check the updates concerning your travel route. An example of option 1 : Bruxelles-Midi (Brussels South)  Maastricht Step 1. Travel information Select Youths (15-25) if you are … Brussels South Charleroi Airport to Maastricht is via Charleroi South (Charleroi-Sud). To get from Brussels South Charleroi Airport (also called Gosselies Airport) to Charleroi-Sud you can take bus line A. This bus leaves every half hour and you can buy a ticket at the bus driver, which will cost you around €6,- From Charleroi-Sud railway station you can take the train to Maastricht railway station. First you will have to take the train to Luik-Guillemins (Liege), from there a train takes you to …