The Dutch Scheme (WHOA)
The Act on the Confirmation of an Extrajudicial Restructuring Scheme (the Dutch Scheme (WHOA)) has entered into force on 1 January 2021. The Dutch Scheme is based on the U.S. Chapter 11 and English Scheme of Arrangement.
Dutch Scheme updateQ&A and notes on five leading cases.
Case Note – Dutch Scheme (WHOA) can be used to force lenders to continue credit lines
Fact sheetA clear explanation of the Act, on a single page (24-02-2022).
NewsletterA more detailed outline of what the the Dutch Scheme will entail (07-08-2020).
The Dutch Scheme (WHOA) ThermometerThis tool enables you to assess in six steps whether the Dutch Scheme is useful for an investment or restructuring (30-10-2020).
Dutch Scheme: Tool or Trouble?A short read by Mark Mouthaan and Marcel Windt in the General Counsel Netherlands E-Newsletter.
Dutch scheme: tool or trouble?
The Netherlands finally has its own state of the art restructuring law, the Dutch Scheme. What does that bring GCs? A great tool if handled with care and otherwise...Read more
Dutch Scheme WHOA can be used to force lenders to continue credit lines
Summary A Dutch shipbuilding company is unable to repay one of the outstanding loans (the Amazon loan) under a senior facilities agreement (SFA), resulting in the...Read more