Regional news: Netherlands

WHOA proceedings open for liquidations, Dutch court finds

A Dutch sustainable clothing retailer has obtained a four-month extension to its WHOA cooling-off period so it can see through a liquidation plan after shareholders concluded that a reorganisation would not be successful.

26 January 2022

DIPping a toe in the water: US-style rescue finance comes to the EU

A Hogan Lovells team looks at some of the differences in the way post-petition finance provisions have been (or will be) implemented in France, Germany, Italy and the Netherlands, drawing comparisons with the established DIP finance regime in the US.

26 January 2022

Steinhoff's global settlement approved

South African retail conglomerate Steinhoff can begin to finally make payments to investors that lost out when its share price collapsed in 2017, after a court in Cape Town sanctioned its former holding company’s scheme.

24 January 2022

Steinhoff conditionally settles South African opposition

Retail conglomerate Steinhoff has conditionally settled disputes with two sets of creditors who had threatened to derail its hard-won €10 billion global settlement in South Africa.

16 December 2021

FTI Consulting marks first Dutch venture with Bold acquisition

US-headquartered advisory firm FTI Consulting has announced plans to enter the Dutch market with the acquisition of management consultancy Bold Capital Management.

15 December 2021

Heads-Up: Frances Coulson at Wedlake Bell in London

Featured in Heads-Up

A few months after London boutique Moon Beever merged with Wedlake Bell, the new firm’s insolvency practice leader Frances Coulson talks to GRR about the knowledge she has gained from working with people in other jurisdictions, the risks for practitioners acting on fraud cases when no litigation funder wants to invest, and rising competition from Singapore and India.

10 December 2021

Failure to explain less than 20% return trips Dutch WHOA scheme

A Dutch public sector contractor has had its WHOA scheme rejected after it failed to comply with a requirement to offer SME creditors a minimum 20% cash distribution, and because the plan favoured shareholders over creditors.

08 December 2021

Dutch scheme fails after inadequate disclosure on new money financing

A Dutch court has declined to sanction a nursing home manager’s WHOA schemes, finding that it failed to provide sufficient information about a new money financing and incorrectly classified the creditor proving it in a way that influenced voting outcomes.

24 November 2021

Dutch court rejects energy broker’s cooling-off request

A Dutch court has denied a WHOA cooling-off request from a door-to-door gas and electricity supply broker, finding it was “insufficiently plausible” the company could meet its current obligations during the stay.

21 October 2021

Steinhoff’s contested South African scheme set for January hearing

Three weeks after an Amsterdam court confirmed its Dutch composition plan, retail conglomerate Steinhoff has revealed its contested South African scheme has been listed for a week-long sanction hearing in January – while it also faces uncertainty from a pending liquidation application.

15 October 2021

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