First WHOA-agreement approved in the Netherlands

First WHOA-agreement approved in the Netherlands

For the first time a Dutch court has issued a ruling homologating a compulsory settlement under the new WHOA. The case involves a company in the events industry, whose operations have ceased immediately since March 15, 2020.

Enterprise in heavy weather

Enterprise in heavy weather

The new ‘WHOA’: a great tool to prevent bankruptcy. In the Netherlands, too, from 1 January 2021 there is a scheme to restructure companies financially in order to prevent bankruptcy.

Director’s liability

Director’s liability

When is the management of a company in dire straits to stop its activities and to no longer take on new obligations on behalf of the company? Is this already the case if the future of the company is uncertain or should the situation be more serious?