Dutch insolvency law is constantly evolving.
In recent years, restructuring has been a key theme: the highly anticipated Dutch Scheme – which allows for court confirmation of private restructuring plans entered into force on 1 January 2021, possibilities for ‘pre-packaged’ insolvency proceedings are being explored, and there have been numerous successful reorganisations through composition plans in formal Dutch insolvency proceedings. In their article in GRR’s Europe, Middle East and Africa Restructuring Review 2020, Job van Hooff and Sophie Beerepoot address each of these topics and discuss their relevance for national and foreign debtors.
Job and Sophie discuss:
- Introduction of the Dutch Scheme into Dutch insolvency law
- Possibilities for pre-packaged insolvency proceedings and the appointment of prospective insolvency law practitioners
- Composition plans in suspension of payments and bankruptcy proceedings
- Commencing Dutch insolvency proceedings as a foreign debtor
- Recognition of foreign insolvency proceedings in the Netherlands
The whole publication ‘GRR’s Europe, Middle East and Africa Restructuring Review 2020’ is available here.