Does the legislative framework in your jurisdiction allow for informal work-outs, as well as formal restructuring and insolvency proceedings, and to what extent are each of these used in practice? What formal rescue procedures are available in your jurisdiction to restructure the liabilities of distressed companies? What effect does each restructuring procedure have on existing contracts? How are the creditors and/or shareholders able to influence each winding up process.
In the 2019 edition of the Netherlands chapter “Corporate Recovery & Insolvency”, Job van Hooff and Daisy Nijkamp talk about key issues and provide answers to these and other questions to consider when a company is in financial difficulties, restructuring options, insolvency procedures and legislative developments.
Read the full publication of Job van Hooff and Daisy Nijkamp on the website of the ICLG (International Comparative Legal Guides).