Regional news: Netherlands

English court grants Dutch Hema single class scheme meeting

An English court has let Dutch retailer Hema hold a creditors’ vote on the English scheme that is key to its planned multi-jurisdictional restructuring in the UK, the US and the Netherlands.

29 July 2020

Dutch Hema plots €600 million debt for equity scheme in England

De Brauw Blackstone Westbroek and Slaughter and May are leading Dutch retailer Hema in a restructuring running through UK, US and Dutch courts, after the retailer converted its New York law-governed notes to English law via a trust deed to make use of a scheme.

20 July 2020

New scheme notice requirements should not be bypassed, English court affirms

An English court has published its reasons for convening scheme of arrangement meetings for Luxembourg-incorporated Flint Group, after applying new creditor notice requirements for the first time.

14 July 2020

Four more of Nortel’s EMEA arms set to end administrations

The joint administrators of Nortel Network entities in Slovakia, Austria, Germany and the Netherlands are set to end their decade-long administrations after securing termination and discharge orders in the High Court of England and Wales.

22 April 2020

Lebara completes restructuring

Six months after bondholders took control of the company through a “ground-breaking” coercive share pledge enforcement, UK telecoms group Lebara has completed its capital restructuring.

16 January 2020

Cross-border Insolvency Protocol in Jet Airways: Innovations and Challenges

Bob Wessels, professor emeritus of international insolvency law at Leiden University and expert counsel on restructuring and insolvency to the European Commission discusses the cross-border insolvency protocol between the Netherlands and India in the Jet Airways bankruptcy.

08 January 2020

Steinhoff sells off British and Australian retailers

Scandal-hit South African conglomerate Steinhoff has sold the group behind British retailers Bensons for Beds and Harveys Furniture, as well as the merchandise division of its Australasian subsidiary, owner of Debenhams Australia.

22 November 2019

ABI International, Paris: “Why can’t we all just get along?”

The UNCITRAL model law on recognition of insolvency-related judgments could “fix” the impact caused by the decisions in Rubin and Gibbs if enacted in the UK, panellists at the ABI’s international conference in Paris have said.

21 November 2019

Steinhoff’s European subsidiaries complete €9bn restructuring

Scandal-hit South African retail group Steinhoff has announced the completion of its €9 billion European restructuring, but the news has failed to stop its share price falling below 1 Rand for the first time.

20 August 2019

Bondholders take control of Lebara after Dutch enforcement ruling

In a “ground-breaking” ruling in the Netherlands, a group of bondholders has taken control of English telecoms group Lebara through a coercive share pledge enforcement against its Dutch holding company, Vieo.

14 August 2019

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