Public Dutch Scheme automatically recognized in the EU from 9 January 2022

Since 9 January 2022, the public type of the Dutch Scheme is automatically recognized in the EU under the European Insolvency Regulation. This will be further discussed in this blog. Last year saw the introduction of the Dutch Scheme (we refer to our previous blogs for further details on the Dutch Scheme). The Dutch Scheme provides for two types of … Read more

‘Dutch scheme’ adopted by the Dutch Parliament’s House of Representatives

On 26 May 2020, the Dutch Parliament’s House of Representatives (Tweede Kamer) adopted the Act on confirmation of private restructuring plans (Wet homologatie onderhands akkoord (“WHOA”)). The next step will see the WHOA put to vote in the Senate. The WHOA will introduce a framework allowing debtors to restructure their debts outside formal insolvency proceedings (the “Dutch Scheme“). Following the … Read more