The qualification of a right as a 'right in rem' (zakelijk recht), within the meaning of Article 5 of Regulation No 1346/2000 of 29 May 2000 on insolvency proceedings (the "Regulation") must be determined according to the law of the place where the asset concerned is situated and the right in rem must satisfy certain criteria set out in Article 5(2) of the Regulation.

On 29 March 2017, Advocate General Mengozzi rendered his opinion to the EU Court of Justice in the landmark case regarding the Estro pre-packed bankruptcy.

Op 20 december 2016 is het wetsvoorstel versterking positie curator door de Tweede Kamer aangenomen. Ook dit wetsvoorstel maakt onderdeel uit van het overkoepelende Wetgevingsprogramma Herijking Faillissementsrecht.

Het wetsvoorstel Wet continuïteit ondernemingen I maakt onderdeel uit van het overkoepelende Wetgevingsprogramma Herijking Faillissementsrecht waarin wijzigingen van het faillissementsrecht worden voorbereid.

In a recent judgment, the Supreme Court ruled that both the debtor and any counterparty performing the legal act have knowledge of prejudice to creditors if, at the time of performing the legal act, the bankruptcy of the debtor and a shortfall in the bankruptcy estate is foreseeable. This judgment confirms the Supreme Court's decision of 22 December 2009 (ECLI:NL:HR:2009:BI8493).

Banking & Finance Banking & Finance Dezember / December 2016 4 | Editorial Fokus 6 | Verschärfung der Regulierung auf dem sog. Zweitmarkt – Anlageberatung und -vermittlung von Vermögensanlagen ab 2017 KWG-erlaubnispflichtig 8 | Anforderungen an ein schlüssiges Sanierungskonzept zur Verhinderung einer Insolvenzanfechtung aus Sicht der Gläubiger Aufsichtsrecht 10 | Zusätzliche Anforderungen an die Ausgestaltung einer Limitation Language aufgrund des Asset-Stripping-Verbots gemäß § 292 Kapitalanlagegesetzbuch (KAGB)?

The District Court of Oost-Brabant: At the time of collection, if a trustee in bankruptcy has collected enforcement proceeds from receivables pledged under an undisclosed right of pledge over receivables, the pledgee of the undisclosed right of pledge remains entitled to claim such proceeds from the trustee in bankruptcy, provided it has not collected the proceeds in its capacity as representative of the insolvent pledgor. The claim, however, only applies to proceeds which have been paid directly into the liquidation account.

OLG Naumburg verneint Haftung der Organe eines insolventen Zeitarbeitsunternehmens gegenüber den Einzugsstellen.

Bislang ist von der Rechtsprechung nicht abschließend geklärt, ob eine persönliche Haftung der Organe eines Zeitarbeitsunternehmens wie der Geschäftsführung gegenüber den Einzugsstellen in Betracht kommt.

In a recent judgment the Dutch Supreme Court ruled that the holder (an "Estate Claim Pledgee") of a right of pledge (an "Estate Claim Pledge") which secures one or more estate claims (each, a "Secured Estate Claim") is entitled to satisfy such claims out of the proceeds resulting from enforcement of such right of pledge ("Estate Claim Pledge Enforcement Proceeds") during the pledgor's bankruptcy provided that the claims have arisen from a legal relationship having come into existence prior to the bankruptcy.

Dutch Supreme Court 15 April 2016 (ECLI:NL:HR:2016:665)

In a recent judgment, the Dutch Supreme Court ruled that a party who purchases and accepts the transfer of moveable assets subject to a retention of title acquires a right of conditional ownership with respect to those moveable assets and has the power to create an unconditional right of pledge over such right of conditional ownership.