Restructuring Plans · glossary
The Dutch procedure in which a court confirms a plan between a company and its creditors: the Dutch Act on Court Confirmation of Extrajudicial Restructuring Plans. It could not change Valkenrade’s English-law Notes, so the fund could still sue on them in London. Explanatory Statement, paragraph 1.5 · Chapter 2 · see Restructuring plan
Explained in Chapter 2, Restructuring Plan vs Scheme of Arrangement vs WHOA, of Restructuring Plans.
The third procedure is Dutch. The WHOA (the Dutch Act on Court Confirmation of Extrajudicial Restructuring Plans) lets a court there confirm a plan between a company and its creditors. The table sets the four side by side.Read Chapter 2, Restructuring Plan vs Scheme of Arrangement vs WHOA →
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