On 26 May 2020 the Dutch Parliament 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 pass through the Senate in June and enter into force on 1 July or shortly afterwards.MORE
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 found here. For further information, please contact Niels Pannevis at Niels.Pannevis@resor.nl.