Regional news: Netherlands
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
Latest WHOA decision rules on Biofuel Plant owner’s subordinated debt
A Dutch biofuel plant owner has secured sanction of its WHOA restructuring plan despite objections from the province of Overijssel, which claimed it was wrongly classified as a subordinated creditor.
06 October 2021
Dutch Supreme Court questioned on WHOA for first time
The Supreme Court of the Netherlands has been asked to rule on the treatment of pension claims in WHOA procedures, after an Amsterdam court heard the topic had arisen in multiple restructurings.
23 September 2021
Angolan-owned energy company enters bankruptcy in Amsterdam
UPDATED: A Dutch energy company owned by scandal-hit Angolan billionaire Isabel dos Santos has been placed into bankruptcy in the Netherlands.
22 September 2021
Dutch scheme rejected over lack of clarity
An anonymous company has had its WHOA scheme plan rejected by a Dutch court, after failing to provide enough clarity to its creditors.
08 September 2021