1. Overview
1.1 Where would you place your jurisdiction on the spectrum of debtor- to creditor-friendly jurisdictions?
Until fairly recently, the Dutch jurisdiction was primarily creditor-friendly. The Dutch Bankruptcy Act (“DBA”) primarily aimed to satisfy creditors, rather than providing debtors with a reorganisation mechanism. However, the introduction of the Act on confirmation of private restructuring plans (Wet homologatie onderhands akkoord, the “Dutch Scheme”) on 1 January…
