Financial Restructuring Bill (WHOA) allowing cram down adopted by Dutch Parliament, Senate expected to vote soon

On 26 May 2020, Dutch Parliament has adopted the proposal for the Financial Restructuring Act, known in Dutch as WHOA (which stands for Wet Homologatie Onderhands Akkoord). The WHOA allows businesses to seek a court-acpproved cram down which is comparable to Chapter 11 or Scheme of Arrangements.

Filed under:
Netherlands, Insolvency & Restructuring, Public, Ploum, Corporate governance, Coronavirus, US Senate
Authors:
Tom Ensink , Vincent Terlouw , Matthijs Bolkenstein
Location:
Netherlands
Firm:
Ploum
Distressed M&A in the Netherlands in ten questions

1. What is distressed M&A?

Filed under:
European Union, Netherlands, Corporate Finance/M&A, Employment & Labor, Insolvency & Restructuring, Litigation, Ploum, Private equity, Due diligence, Court of Justice of the European Union
Authors:
Tom Ensink
Location:
European Union, Netherlands
Firm:
Ploum