A Dutch auto repair company has fallen into bankruptcy after its WHOA process failed and its restructuring expert withdrew.
26 May 2022
A global software group with operations around the world has sought Chapter 11 protection in New York, blaming its former management for misstating revenues in 2018 and 2019.
18 May 2022
Matthias Stipanitz and Stephanie Rendl at Preslmayr Attorneys at Law in Vienna assess Austria’s implementation of the EU’s preventive restructuring frameworks directive, giving a quick comparison with the implementation in Germany and the Netherlands.
17 May 2022
Arcade gaming group Lowen Play has secured sanction of an English scheme to restructure €350 million worth of senior secured notes, despite German tax authorities not yet providing approval.
05 May 2022
Dutch lawyers have hailed the potential revival of pre-packs in the Netherlands, after the European Court of Justice ruled that exceptions to employee protections afforded to companies in insolvency proceedings under EU law, can extend to pre-pack sales in certain circumstances.
29 April 2022
A Dutch subsidiary of Russia’s Alfa Bank has entered bankruptcy in Amsterdam, becoming the latest company to struggle following UK and US sanctions imposed as a result of the war in Ukraine.
25 April 2022
A Dutch e-commerce group with international operations has secured a four-month cooling off period and succeeded in appointing Turnaround Advocaten’s Jaap Van der Meer as its restructuring expert, in a WHOA application arising from explosive growth in online sales, post-pandemic supply chain problems and rising costs.
17 March 2022
In what has been described as a “trailblazing” decision, a Dutch court has approved football club ADO Den Haag’s restructuring plan after its Chinese owner failed to raise objections in a timely manner.
28 February 2022
A British Virgin Islands court has confirmed that company directors who fail to ensure their duties are being carried out for a “proper purpose” may be liable for restitution, in a case brought by the local liquidators of a Dutch-Chinese joint venture vehicle.
09 February 2022
Allen & Overy has named London’s Katrina Buckley and Amsterdam-based Sigrid Jansen as the new co-heads of its global restructuring practice, while the firm has continued its growth in the US with the hire of New York partner Robin Spigel.
02 February 2022
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