Recently, the Dutch Supreme Court rendered a judgment in which it has given a detailed explanation of the effects of bankruptcy proceedings on a contract or other legal relationship.[1] The case in question involved a dispute between a bankruptcy trustee and a bank as to whether the bank could file its post-bankruptcy legal costs as a claim in the bankruptcy proceedings. The Supreme Court took the opportunity to elaborate on earlier case law[2] and provide clarification regarding claims arising out of continuing performance contracts – such as licence contracts – and claims for damages. Click here for more.
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