Restructuring & Insolvency analysis: We look at the new restructuring scheme in the Netherlands that entered into force on 1 January 2021. The scheme allows for global restructurings as it features elements of the USC chapter 11 (such as a cram down mechanism and moratorium) and the UK Scheme of Arrangement (such as implementing a plan outside of formal insolvency proceedings). Written by Willem van Nielen from Recoup Lawyers (NL) (www.recoup.nl) and Bas van der Wal from the Radboud University.
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