The Dutch Bankruptcy Act (Faillissementswet) first came into force on
1 September 1896, making it relatively old for a Bankruptcy Act. In 2011 the legislator decided that a new draft of the Dutch Bankruptcy Act was
not a priority and there was no need to adopt amendments.
Surprisingly, the Dutch legislator announced in 2013 that a new bankruptcy law was in fact necessary and that the “continuity of companies” was a priority. It was announced that three new acts would be drafted:
• Act on the Continuity of Companies I: Pre-pack proceedings
• Act on the Continuity of Companies II: Composition outside bankruptcy proceedings
• Act on the Continuity of Companies III: Duty for suppliers to continue to supply in bankruptcy
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