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The new Dutch scheme

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Published on: 01 October 2019

Published by a LexisNexis Restructuring & Insolvency expert

Table of contents

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).

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