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Shipping & Transport - Netherlands
Attaching maritime assets in insolvency
In most jurisdictions, under the universal approach to cross-border insolvencies a mortgagee cannot enforce a mortgage without the consent of the administrator. However, the Netherlands is an exception in this regard, and allows a mortgagee to enforce mortgages even if the debtor is insolvent.
Reproduced with permission from International Law Office. This article was first published on the website www.internationallawoffice.com
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