In a recent judgment, the Dutch Supreme Court ruled that in the event of a bankruptcy whereby the bankruptcy receiver has wrongfully collected receivables which were pledged to a secured creditor and the total value of the assets of the bankrupt estate was insufficient to pay all debts, the bankruptcy receiver was allowed to recover its salary from the proceeds of that wrongful collection with priority over the claim of that secured creditor.
Netherlands, Banking, Insolvency & Restructuring, Litigation, Stibbe, Bankruptcy, Costs in English law, Accounts receivable, Liquidation, Supreme Court of the United States, Supreme Court of the Netherlands