The passing of the Dutch Scheme legislation (WHOA) on 6 October 2020 marks the completion of a legislative process that was initiated long before the Covid-19 pandemic hit.Dutch law now includes a powerful restructuring tool that can help companies navigate the challenges they are currently facing, whether as a result of Covid-19 or otherwise.All stakeholders (including creditors, suppliers and customers) of companies availing themselves of the Dutch Scheme will be affected one way or the…
In brief Victoria has extended its COVID ban on evictions and rental increases in relation to certain commercial leases. Courts have continued to grant administrators additional time during which they have no personal liability for lease payments, to enable them to properly assess the situation and negotiate with lessors. However, a decision of the Federal Court in The PAS Group administration has clarified that rent for the “personal liability free” period is nonethless a properly incurred…