The WHOA in 2023: The Restructuring Directive implemented in the Netherlands
The Dutch Act implementing the EU Directive on Insolvency, Restructuring and Second Chance (the Restructuring Directive) enters into...
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Proposal for an EU directive on the harmonisation of certain aspects of insolvency law
On 7 December 2022, the European Commission published its proposal for a directive of the European Parliament and of the Council...
The WHOA in use: first private restructuring plan approved by Dutch court
Following a quick procedure, the Netherlands has seen its first ever court-approved private restructuring plan permitted under the WHOA (
The WHOA in operation: first court orders regarding the Dutch scheme published
The Act providing for court confirmation of a private restructuring plan (Wet homologatie onderhands akkoord (WHOA)) entered into force...
'Dutch scheme' adopted by Parliament
On 6 October 2020, the Dutch Senate adopted the long-awaited legislative proposal for the Act providing for court confirmation of a...
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