The following session took place during ABI-Live Webinar in May 2022. It has been more than a year since the new Dutch Act on court-sanctioning of private composition to avoid bankruptcy, the so-called WHOA or Dutch Scheme, entered into force. The new Dutch Scheme has received a lot of attention in the (international) market because it offers a flexible restructuring tool in the Netherlands, a jurisdiction that plays an important role in many international restructurings. Notably, the Dutch Scheme introduced debtor-in-possession proceedings, which aim to achieve debt-restructurings outside of formal Dutch bankruptcy processes. Join this panel of experts as they take a look at the Dutch Scheme and the similarities it has to U.S. chapter 11 and English scheme processes, and whether these similarities can also be seen in practice. All sessions from this conference can be accessed at https://cle.abi.org/.
Vincent Vroom, Moderator
Loyens & Loeff; Amsterdam, Netherlands
Weil, Gotshal & Manges LLP; London
Hon. Martin Glenn
U.S. Bankruptcy Court (S.D.N.Y.); New York
Dentons; Amsterdam, Netherlands