Eye, Amsterdam

Dutch scheme

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. A bullet point summary together with a full text English translation of the bill and accompanying legislative notes (and earlier drafts) can be found below.