There has been much interest in the proposed new restructuring legislation: the Dutch Scheme (Wet Homologatie Onderhands Akkoord, the WHOA). The Dutch Scheme will pose opportunities and threats to investors and banks. It provides for restructurings that stretch beyond Dutch borders and offers a wide range of new options to restructure a debtor’s financial obligations. This may include court sanctioned debt for equity swaps and cross class cram down. Furthermore, it could be considered a rival to the English Scheme, particularly in a post Brexit world.
In this seminar, Sigrid Jansen and Aroen Kuitenbrouwer will explain why the Dutch Scheme will change the restructuring landscape.