Video: The Dutch Scheme (WHOA)

On 26 May 2020 the Dutch Parliament adopted the Bill on the Confirmation of Private Plans, also known by its Dutch acronym "WHOA", seeking to introduce a pre-insolvency procedure in the Netherlands, which one might refer to as the "Dutch scheme". It is expected that the Bill will pass through the Senate and enter into force on short notice.

In this video, Professor Michael Veder (Professor of Private Law, Radboud University and advisor RESOR) and Anne Mennens (lawyer Wijn en Stael) explain the prominent features of the Dutch scheme.