A Bright Future For The Dutch Restructuring Practice

This article was first published on Global Restructuring Review in December 2023; for further in-depth analysis, please visit the GRR Europe, Middle East and Africa Restructuring Review 2023.

Introduction

The last couple of years have been important for the restructuring and insolvency practice in the Netherlands. The amount of distressed activity clearly picked up throughout 2022, with an overly active fourth quarter. While the initial period after the outbreak of the covid-19 pandemic was relatively calm given generous government support, most of the government support measures were scaled down in 2022. At the same time, supply chain disruptions still affected the markets in the aftermath of the outbreak. Further, interest rates were raised making funding less accessible. Consequently, more companies struggled to meet their financial obligations and resorted to different forms of restructuring options.