Court Confirmation of Extrajudicial Restructuring Plans (CERP/WHOA) to Be Introduced Soon as the New Dutch "Scheme"

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Abstract

Notes the Netherlands' introduction of a bill on court confirmation of extrajudicial restructuring plans (CERP), influenced by UK schemes of arrangement. Highlights its compliance with Directive 2019/1023, its approval by the Lower House in May 2020, and its implications for Dutch restructuring. Details the two types of restructuring plan permitted under CERP, key features of their application and the potential timetable for implementation.
Original languageEnglish
Pages (from-to)108-110
Number of pages3
JournalJournal of International Banking Law
Volume35
Issue number9
Publication statusPublished - 2020

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