Zone of Insolvency

Zone of Insolvency

Tag Archives: The Netherlands

No amendment to the ranking of security rights under the Dutch Scheme (WHOA) procedure

Posted in Europe, Global
The Rotterdam District Court, the Netherlands, has ruled that an amendment to the ranking of security rights is not possible under the Dutch Scheme procedure (WHOA), without the consent of the relevant secured creditors. While there is still ambiguity about the (im)possibilities of amending creditors’ rights under the WHOA, the ruling is a welcome clarification… Continue Reading