Wednesday, August 12, 2020
A comparison of the new Dutch Scheme and the new UK Restructuring Plan.
Introduction
The European restructuring landscape continues to evolve with the recent introduction of a new restructuring procedure (UK Restructuring Plan) into the United Kingdoms restructuring tool kit. The UK Restructuring Plan was enacted as part of the Corporate Insolvency and Governance Act 2020 (CIG Act) which became effective on 26 June 2020; it is closely based on the UK scheme of arrangement procedure (UK Scheme) which debtors in the UK and abroad have utilised to restructure their financial indebtedness for decades.
On the same day, the Dutch Senate prepared its preliminary report on the Act on the Confirmation of Private Plans …
Read the full article at: https://www.natlawreview.com/article/new-european-restructuring-landscape