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The new Dutch scheme

The new Dutch scheme
Published on: 01 October 2019
Published by: LexisPSL
  • The new Dutch scheme
  • What kind of proceedings are the Dutch Scheme?
  • Who can initiate the Plan?
  • What are the requirements for the court to confirm the plan?
  • Which supportive measures can be put in place?
  • What protections ensure that capital providers receive all the relevant information?
  • In conclusion

Article summary

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). or take a trial to read the full analysis.

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