Netherlands

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Dutch Court Approves Plaza Centers Debt Restructuring Plan

Plaza Centers N.V. Thursday said that the Dutch Court has confirmed its debt restructuring plan, following a hearing, held on July 8. Prior to this, the company had already received approval from 92 percent of creditors, who had voted in favor of the pla ...

Daily Headline - global.abi.org - 07/10/2014 - 23:05 - 0 comments

Draft Act on the Remuneration of Financial Undertakings: the 20% cap

Last Friday the proposal for the Act on the Remuneration Policy of Financial Undertakings was submitted. Compared to the consultation version that was previously published, only a limited number of amendments have been made. Click here to read more ...

Resource Article - twallace@abiwor... - 07/02/2014 - 09:59 - 0 comments - 0 attachments

New Dutch bankruptcy legislation… Finally!

The Dutch Bankruptcy Act (Faillissementswet) first came into force on 1 September 1896, making it relatively old for a Bankruptcy Act. In 2011 the legislator decided that a new draft of the Dutch Bankruptcy Act was not a priority and there was no nee ...

Resource Article - twallace@abiwor... - 07/02/2014 - 09:52 - 0 comments - 1 attachment

Dutch Banks Seek to Ease Regulators' Concerns Over Mortgage Risks

Dutch banks have embarked on a public-relations offensive in an attempt to ease regulators' concerns about the risks of their large mortgage portfolios, The Wall Street Journal reported. The Dutch Banking Association, or NVB, on Thursday publish ...

Daily Headline - global.abi.org - 06/19/2014 - 23:03 - 0 comments

New World Resources Outlines Debt Restructuring

New World Resources put forward plans for a debt restructuring and rights issue and warned insolvency could otherwise loom as the European coalminer battles low commodity prices, the Financial Times reported. The UK-listed group, which mines in the C ...

Daily Headline - global.abi.org - 06/02/2014 - 21:43 - 0 comments

The guarantee function of set-off in the EIR

Steven Kroesbergen discusses the guarantee function of the EIR provisions applicable to set-off. Attachment Size _the_guarantee_function_of_set-off_in_the_eir_by_steven_kroesbergen.pdf 129.83 KB (Europe ...

Resource Article - twallace@abiwor... - 04/01/2014 - 11:55 - 0 comments - 1 attachment

Air France-KLM Seeks Makeover After Brush With Bankruptcy

Air France-KLM Group, Europe’s largest airline, is getting a makeover ranging from high-end seats to bigger entertainment screens as Chief Executive Officer Alexandre de Juniac attempts a turnaround from near bankruptcy, Bloomberg News reported. De Junia ...

Daily Headline - global.abi.org - 03/04/2014 - 23:05 - 0 comments

ING Bank Reports Profit Plunge Amid Deep Restructuring

Leading Dutch bank ING reported on Wednesday a 22.3-percent slump in net profit for 2013, blamed special factors and said it would pursue its deep restructuring programme this year, The West Australian reported on an Agence France-Presse story. Amste ...

Daily Headline - global.abi.org - 02/12/2014 - 23:31 - 0 comments

Icesave Dispute Resurrected In Court

British and Dutch authorities have reignited the controversial dispute over the collapse of online lender Icesave at the height of the financial crisis in 2008 by filing a lawsuit for up to IKr1,000bn (£5.6bn) against Iceland’s bank guarantee fund, the ...

Daily Headline - global.abi.org - 02/10/2014 - 23:33 - 0 comments

Dutch Aluminium Smelter Aldel Applies For Bankruptcy

Dutch smelter Aluminium Delfzijl (Aldel) has applied for bankruptcy after failing to negotiate an energy deal, the company said on its website, the latest victim in a market plagued by oversupply and falling prices, Reuters reported. Aldel, bought by glo ...

Daily Headline - global.abi.org - 01/08/2014 - 09:49 - 0 comments

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