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Netherlands

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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…

As the 2019 Novel Coronavirus (COVID-19) continues to spread across the world, and governments and health authorities work tirelessly to defeat it, major economies are experiencing mounting pressure as consumer spending, production and investment are drastically curtailed due to virus-related risks.We recognize that many of our clients are also facing significant and urgent business impact and legal challenges.Our Baker McKenzie teams across the world are working with clients, regulators and various authorities to produce a…