Netherlands

Results for Netherlands

Country report from the Netherlands

The Dutch Minister’s announcement of a multi-disciplinary approach to combat bankruptcy fraud has lead to a legislative programme that went into force last year, wherein the duty of the trustee is extended to combat bankruptcy fraud. Attachme ...

Resource Article - twallace@abiwor... - 04/03/2018 - 10:48 - 0 comments - 1 attachment

Dutch Step Up Call for Eurozone Debt Writedown Rules

The Netherlands is demanding that private investors face mandatory debt writedowns in future eurozone bailouts, a position that will fuel arguments as countries spar over the next phase of integration in the single currency bloc. Wopke Hoekstra, the Dutc ...

Daily Headline - global.abi.org - 02/22/2018 - 00:01 - 0 comments

Etihad Scrambles to Shore Up $1.2 Billion Bonds Before Coupon Crunch

Etihad Airways is urgently examining ways to avert a technical default of some $1.2 billion in bonds indirectly linked to the Gulf airline, sources close to the situation told Reuters. An Amsterdam-based special purpose vehicle called SPV Equity Alliance ...

Daily Headline - global.abi.org - 02/01/2018 - 21:34 - 0 comments

Tocardo Falls Into Receivership After Failed Buyout by Tribute

Dutch tidal turbines developer Tocardo International BV has filed for insolvency the same day it became official that Canada’s Tribute Resources Inc will not buy out the company, Renewables Now reported. Tocardo has secured a deferral of payment to credi ...

Daily Headline - global.abi.org - 01/04/2018 - 00:12 - 0 comments

New Draft Bill seeking to introduce Pre-Insolvency Proceedings in The Netherlands

On 5 September 2017, the Dutch government published a new draft bill seeking to introduce pre- insolvency proceedings in the Netherlands, report Michael Veder and Nicolaes Tollenaar of RESOR. “By way of short summary, the intended procedure will be v ...

Resource Article - twallace@abiwor... - 12/21/2017 - 10:29 - 0 comments - 1 attachment

Benchmark Regulation into force as of January 2018

As from January 2018, the Benchmark Regulation will enter into force. The Benchmark Regulation introduces requirements for benchmarks administrators and contributors, but also for users of a benchmark, such as: 1. banks 2. investment funds 3. inv ...

Resource Article - twallace@abiwor... - 12/07/2017 - 11:24 - 0 comments - 0 attachments

The Netherlands Report: The legislative programme ‘Recalibration of Bankruptcy Law

In November 2012 the Dutch legislator launched the legislative programme ‘Recalibration of Bankruptcy Law’. This legislative programme steadily makes progress and is based on three pillars: (i) enhancing the possibilities for corporate restructuring, (ii ...

Resource Article - twallace@abiwor... - 12/07/2017 - 11:08 - 0 comments - 1 attachment

Altice Says It Has No Plan to Raise Cash Through Equity Sale

Embattled billionaire Patrick Drahi sought to shore up the plunging stock price at Altice NV, the phone and cable company weighed down by $50 billion in debt, assuring investors he won’t sell new shares to raise cash, Bloomberg News reported. “Altice con ...

Daily Headline - global.abi.org - 11/21/2017 - 00:45 - 0 comments

The Czech Republic Report: Creditors with secured contingent and future claims have gained more certainty

On 1 July 2017, an extensive amendment to the Insolvency Act shall take effect. The amendment brings several substantial changes to a number of aspects pertaining to insolvency proceedings, including security of future or contingent claims (including ...

Resource Article - twallace@abiwor... - 11/08/2017 - 11:20 - 0 comments - 1 attachment

Senior management responsibility in banks

Regulators have made clear their view that responsibility for the culture of a bank sits at the top; if senior management create the right culture, good regulatory practice and procedures will naturally follow. Following the financial crisis banks’ s ...

Resource Article - twallace@abiwor... - 11/08/2017 - 10:02 - 0 comments - 0 attachments

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