Restructuring & Insolvency analysis: Willem van Nielen from Recoup Lawyers (NL) (www.recoup.nl) looks at the new draft restructuring law in the Netherlands that the Dutch Government submitted to Parliament on 8 July 2019. The draft Bill 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).
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