Regional news: Netherlands
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
Steinhoff settlement in danger
Embattled South African conglomerate Steinhoff’s global settlement is in jeopardy, after a Cape Town court ruled that a key part of its plan is invalid.
05 July 2021
Mumbai NCLT approves Jet Airways rescue plan
A consortium led by UK-registered asset manager Kalrock Capital and Indian businessman Murari Lal Jalan has won approval for its plan to rescue Mumbai-based Jet Airways.
22 June 2021
Restructuring expert rejected in first for Dutch scheme
In what appears to be the first decision of its kind, a court in the Central Netherlands has rejected a request to appoint a restructuring expert over a struggling technology business.
21 June 2021
Indian conglomerate secures English scheme meeting
A Dutch subsidiary of Indian multinational conglomerate Jain Irrigation Systems has won permission to poll creditors on its English scheme of arrangement while the group seeks a connected restructuring in India.
14 June 2021
Baker McKenzie guiding Indian conglomerate’s English scheme
A Dutch subsidiary of an Indian multinational conglomerate is pursuing an English scheme of arrangement to restructure Singapore-listed notes, with Baker McKenzie and Kirkland & Ellis both taking roles.
10 June 2021
Steinhoff investors’ consortium drops claims, but settlement still faces hostility
A consortium of shareholders seeking to disrupt South African conglomerate Steinhoff’s global settlement has withdrawn its opposition to the group’s Dutch suspension of payments proceedings – but other claimant groups remain hostile in the Netherlands and South Africa.
08 June 2021
Dutch footballer’s transfer denied protection in WHOA case
In what has been described as “the most important WHOA case so far”, a Dutch court has approved a restructuring expert and cooling-off period for football club ADO Den Haag, but refused to approve the sale of one of its players to another team.
26 May 2021
Dutch construction company made bankrupt following observer decision
A Dutch court has explained why missing information led it to give intention to appoint an observer for a local construction company’s scheme of arrangement, before eventually declaring the company bankrupt.
14 May 2021