In response to the COVID-19 pandemic the Dutch government is taking drastic measures to combat the virus and to save businesses. A short overview of the measures taken to help businesses survive these trying times can be here. For further information, please contact Niels Pannevis at Niels.Pannevis@resor.nl.
On 6 October 2020 the Dutch Senate adopted the Bill on the Confirmation of Private Plans, also known by its Dutch acronym “WHOA”, seeking to introduce a pre-insolvency procedure in the Netherlands, which one might refer to as the “Dutch scheme”. It is expected that the Bill will enter into force on or before 1 January 2021.MORE