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The future of international restructurings after the implementation of WCO II and the amendment of EIR; is the best yet to come?

by on February 11, 2016

Johan Jol (fellow of Insol, class 2013) has written a report at the request of the Netherlands Association for Comparative and International Insolvency Law  (NACILL) for the annual meeting of the NACIIL on November 6, 2015. The report deals with international restructurings of business connected with the Netherlands. In the first part of the report nineteen international restructurings are explained which took place in the period 2002 – 2015. These nineteen international restructurings made use of other restructuring regimes, such as the UK Scheme and US Chapter 11 to implement the restructuring. In the report Johan gives his view on whether or not these changes of forum are acceptable. In the second part, the developments in both Dutch and European insolvency law in the same period are discussed. In the third part the report answers the question whether or not any of the restructurings would be done differently is the new legislation already would have been in place.  The report is available to download here.

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