Draft bill to introduce state of the art restructuring legislation in the Netherlands

Today, the draft bill on the continuity of companies II (Wet continuïteit ondernemingen II) went into public consultation. The bill is based on a proposal in 2013 by Ruud Hermans and Reinout Vriesendorp of De Brauw Blackstone Westbroek and was discussed with experts from stakeholders. The bill provides for a restructuring procedure inspired by international restructuring practices, in particular English scheme of arrangement and US Chapter 11 proceedings. The bill provides for one of the most significant amendments of the Dutch Bankruptcy Act in decades.

Filed under:
Netherlands, Insolvency & Restructuring, De Brauw Blackstone Westbroek, Shareholder, Debtor
Authors:
Ruud Hermans , Reinout Vriesendorp , Berto Winters , Menno Stoffer , Niek Biegman
Location:
Netherlands
Firm:
De Brauw Blackstone Westbroek
Standardised CDM modalities of communication

On 13 February 2009, the CDM Executive Board (CDM EB) adopted the procedures (the "Procedures") for modalities of communication (MoC) between project participants (PPs) in clean development mechanism (CDM) projects and the CDM EB, and a standardised MoC form (the "MoC Form").1 This Legal Alert gives an overview of the main elements of the Procedures and highlights certain insolvency issues related to the MoC.

Introduction

Filed under:
Netherlands, Insolvency & Restructuring, De Brauw Blackstone Westbroek, Public consultations, Board of directors, Emissions trading, Air pollution, Due diligence, Electronic signature, Clean Development Mechanism, US Department of Energy, United Nations Framework Convention on Climate Change
Authors:
Niek Biegman , Rutger de Witt Wijnen , Sander Simonetti , Sandra Ruiz de la Fuente , Viviana Luján Gallegos
Location:
Netherlands
Firm:
De Brauw Blackstone Westbroek