On 1 January 2021 the Dutch Act on the Confirmation of Private Plans, also known by its Dutch acronym “WHOA”, came into force. This act introduces a pre-insolvency procedure in the Netherlands, which one might refer to as the “Dutch scheme”. On 1 January 2023 the WHOA was amended on a number of points to make it fully com-pliant with the EU Restructuring Directive (EU 2019/1023).
