Insolvency law in The Netherlands
Commission at the end of the agency agreement
Pursuant to Article 7:442 Paragraph 1 of the Dutch Civil Code, an agent is, in principle, entitled to commission at the end of the agency ag ...
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Turboliquidation – or bankruptcy?
With an expected increase in companies winding down business, the tension betwee ...
The first WHOA decisions are a fact
On 1 January 2021, the Court Confirmation of Extrajudicial Restructuring Plans A ...
First rulings based on the Court Confirmation of Extrajudicial Restructuring Plans Act (Wet Homologatie Onderhands Akkoord or WHOA)
The Wet Homologatie Onderhands Akkoord (WHOA) came into effect on 1 January 2021 ...
1st January 2021 is the day; the WHOA is coming
On 6 October 2020, the Court Confirmation of Extrajudicial Restructuring Plans A ...
Completion of the liquidation due to lack of revenue: the creditor’s position
A creditor can apply for the liquidation of his debtor. Thereupon this liquidati ...
Directors’ and officers’ liability for a creditor’s claim in case of unjust expedited liquidation
If there are no more assets (revenue) present in the event of the dissolution of ...
The “WHOA” – a forced scheme of arrangements under Dutch law – is coming soon!
Last summer the Court Approval of Private Composition Bill (“Wetsvoorstel Homolo ...