Dutch parliament approves CERP bill: the Dutch scheme is coming!

Today, 6 October 2020, the Upper Chamber of the Dutch Parliament approved the Act on the Confirmation of an Extrajudicial Restructuring Plan ("CERP"). The bill - also referred to as the 'Dutch scheme' - was approved by the Lower Chamber of Parliament in May of this year. It is expected to enter into force on 1 January 2021.

Dutch parliament approves CERP bill: the Dutch scheme is coming!

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