On November 1 2007 the State Commission for Insolvency Law presented the Preliminary Bill for an Insolvency Act to the minister of justice. The most important changes to the existing Bankruptcy Act are outlined in this update.
Netherlands, Insolvency & Restructuring, NautaDutilh, Wage, Bankruptcy, Legal personality, Debtor, Collateral (finance), Fraud, Accounts receivable, Debt, Liquidation, Debt restructuring, Title retention clause
This update discusses an issue that may arise in relation to the recognition of foreign bankruptcies where the law of the receiving state does not provide for admittance proceedings. This issue recently arose in the Yukos proceedings.
Facts
Netherlands, Insolvency & Restructuring, Litigation, NautaDutilh, Share (finance), Bankruptcy, Shareholder, Injunction, State-owned enterprise, Summary offence, Chief executive officer, Supreme Court of the Netherlands