Tuesday, November 24, 2020
A legislative proposal to amend the Temporary Act COVID-19 was adopted by the Dutch parliament on 12 November 2020, and adopted by the Dutch Senate on 24 November 2020. The proposal (the COVID-19 Amendment Act) will enter into force shortly and remain in effect until 1 February 2021. This GT Alert summarizes the measures included in COVID-19 Amendment Act Chapter 2 (Temporary measures for the stay on recovery measures COVID-19).
The COVID-19 Amendment Act provides (in Chapter 2) for the possibility of the debtor requesting that the courts, in connection with the pandemic:
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suspend the application for bankruptcy by a creditor;
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suspend other recovery measures taken by a creditor; and
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grant the debtor a temp…
Read the full article at: https://www.natlawreview.com/article/amendments-to-temporary-act-covid-19-tijdelijke-wet-covid-19-suspension-bankruptcy
