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Parliamentary adoption of the act on confirmation of private restructuring plans

08/06/2020

On 26 May 2020, the Act on the confirmation of private restructuring plans (Wet homologatie onderhands akkoord or WHOA) was adopted by the Dutch parliamentary House of Representatives (Tweede Kamer). The Dutch Senate (Eerste Kamer) will now have the final vote. Parliamentary consultations in the Dutch Senate will take place on 9 June 2020. Consequentially to the COVID-19 crisis, the Dutch government had indicated the WHOA as one of the emergency bills because the restructuring tool introduced by it could positively help enterprises in financial distress to avoid bankruptcy. It is expected that the WHOA will enter into force between 1 July 2020 and 1 January 2021.

Publication
Parliamentary adoption of the act on confirmation of private restructuring plans
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Authors

Portrait ofMarcel Groenewegen
Marcel Groenewegen
Portrait ofMarlous Groot
Marlous de Groot
Partner
Amsterdam
Portrait ofEtienne Courbois
Etienne Courbois
Partner
Amsterdam
Portrait ofJonathan Ee
Jonathan van Ee
Advocaat
Amsterdam
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