Regional news: Netherlands

Greek glass and refrigeration group Frigoglass has completed its second restructuring in six years with a deal that will see noteholders take majority control of the group.

03 May 2023

Professor emeritus at Leiden University Bob Wessels, a founder of the International Insolvency Institute, adviser on restructuring and insolvency to the European Commission and keen local historian, has been presented with a Dutch chivalric order for his contribution to the advancement of insolvency law.

27 April 2023

UPDATED: Dutch shipping group Vroon has secured court approval to hold two meetings for creditors to vote on an English scheme that forms part of a wider restructuring including a WHOA plan and Singaporean recognition, but its shareholders said they will oppose the proposals.

19 April 2023

The Dutch parent of South African retail conglomerate Steinhoff has secured court approval to appoint partners from Houthoff and Mediation Kamer Amsterdam to act as observers in its recently announced WHOA restructuring.

06 April 2023

South African retail conglomerate Steinhoff is preparing for a possible Dutch WHOA process, after shareholders voted against a restructuring plan to extend looming debt maturities.

27 March 2023

Bob Wessels, professor emeritus of international insolvency law at Leiden University and expert counsel on restructuring and insolvency to the European Commission, discusses the “observer”: a new role under Dutch restructuring law.

10 March 2023

Bob Wessels picks up where he left off last April on the topic of what happens when a territorial insolvency proceeding is opened prior to any main insolvency proceedings.

17 February 2023

Bob Wessels, professor emeritus of international insolvency law at Leiden University and expert counsel on restructuring and insolvency to the European Commission, warns petitioners to look in the right place for judgments opening insolvency proceedings in another EU member state – or they may face costly consequences.

07 February 2023

Netherlands-incorporated telecoms company VEON has secured sanction of an English scheme to extend two sets of notes while it tries to sell a wholly owned Russian subsidiary.

30 January 2023

Bob Wessels, professor emeritus of international insolvency law at Leiden University and expert counsel on restructuring and insolvency to the European Commission, discusses how Russia sanctions have permeated a Dutch insolvency, and makes a case for a pan-European approach towards the impact of public law measures on insolvency law.

16 January 2023