Regional news: Netherlands

Jet Airways employees reject settlement offer, lodge NCLAT appeal

Employees of Mumbai-based Jet Airways have failed to back an offer to settle their claims and reportedly filed an appeal against the airline’s recently approved resolution plan.

20 August 2021

Latest WHOA ruling sees restructuring expert appointed but attachments left in place

A Dutch court has appointed a restructuring expert and entered a four-month cooling-off period for an anonymised car accessories trader – but rejected a request to lift creditor attachments on certain assets.

09 August 2021

Norton Rose Fulbright expands in Amsterdam with De Brauw hire

Norton Rose Fulbright has hired a new partner from De Brauw Blackstone Westbroek in Amsterdam, in a bid to capitalise on the Netherlands’ move to become a hub for cross-border restructuring.

03 August 2021

Dutch cooling-off period extended, unequal treatment permitted

The Court of the Hague has extended a WHOA cooling-off period and permitted unequal treatment of unsecured creditors where it was necessary to make sure Dutch bank Rabobank cooperates with a restructuring plan.

28 July 2021

Indian conglomerate’s English scheme sanctioned

A Dutch subsidiary of India’s Jain Irrigation Systems has won court approval for an English scheme it chose over a WHOA process, after providing evidence that Brexit would not prevent its recognition in the Netherlands.

26 July 2021

Cooling-off period denied in first for Dutch scheme

In a precedent-setting Dutch scheme ruling, a real estate developer’s request for a cooling-off period has been denied after a court in the eastern Netherlands found it had not taken “serious steps” to offer a plan to its creditors.

22 July 2021

A&O advises on controlled Dutch scheme liquidation

The former holding company of international outdoor clothing group AS Adventure has been liquidated after securing a cooling-off period under Dutch scheme proceedings, which allowed it to formulate a liquidation plan while the rest of the group was sold through a share pledge enforcement.

15 July 2021

Court refuses to limit bank’s powers during WHOA cooling-off period

An anonymous company has obtained a cooling-off period from a Hague court, but failed to persuade it to use bespoke powers to limit Dutch multinational bank Rabobank's security rights as provider of a coronavirus scheme loan.

13 July 2021

New Dutch restructuring association to promote cross-border cooperation

A new restructuring body has launched in the Netherlands to “play a leading role” in improving the quality of international restructurings carried out in the country.

12 July 2021

Dutch football club’s Chinese owner fails to overturn loan payment order

Dutch football club ADO Den Haag has seen off an appeal on a loan judgment by its Chinese owner – but its WHOA restructuring expert is pessimistic about its chances of receiving the money.

06 July 2021

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