Netherlands

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Steinhoff Shareholders Sue Deloitte for Damages

Shareholders in Steinhoff on Wednesday sued Deloitte for damages in a Dutch court, accusing the auditor of failures in the accounting scandal that brought the South Africa-based global retailer to the brink of collapse, the Financial Times reported. ...

Daily Headline - global.abi.org - 06/14/2018 - 00:07 - 0 comments

Steinhoff Shareholders Sue Deloitte for Damages

Shareholders in Steinhoff on Wednesday sued Deloitte for damages in a Dutch court, accusing the auditor of failures in the accounting scandal that brought the South Africa-based global retailer to the brink of collapse, the Financial Times reported. ...

Daily Headline - global.abi.org - 06/13/2018 - 23:53 - 0 comments

Supreme Court provides more clarity on the effect of a bankruptcy on contracts

Recently, the Dutch Supreme Court rendered a judgment in which it has given a detailed explanation of the effects of bankruptcy proceedings on a contract or other legal relationship.[1] The case in question involved a dispute between a bankruptcy trustee ...

Resource Article - twallace@abiwor... - 05/08/2018 - 12:27 - 0 comments - 0 attachments

Dutch government publishes new definition UBO | Nederlandse regering publiceert nieuwe definitie UBO

Dutch government publishes new definition of UBO On 6 April 2018 the Dutch Minister of Finance published an updated draft decree which contains the new definition of ultimate beneficial owners (UBOs) of companies and other entities (Uitvoerings-bes ...

Resource Article - twallace@abiwor... - 05/08/2018 - 12:26 - 0 comments - 0 attachments

Introduction of senior non-preferred debt in the Netherlands

The Netherlands legislature has published the legislative proposal to introduce 'senior non-preferred debt' in the Netherlands. It will implement the relevant EU Directive. The Directive and proposed implementing Act aim to facilitate the a ...

Resource Article - twallace@abiwor... - 05/08/2018 - 11:28 - 0 comments - 0 attachments

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

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