Pre-packaged insolvency introduced in the Netherlands

Pre-packs are used in the Netherlands now and new steps are being taken to formalise this by introducing provisions into the Bankruptcy Act.

The concept of pre-packaged insolvency (or ‘pre-pack’) has been developed in the Dutch insolvency practice for quite some time. It is modelled after the ‘pre-packaged sale in administration’ (pre-pack) concept available in UK insolvency law. In practice, courts were petitioned to introduce a similar concept in Dutch law in order to improve the restructuring options offered by insolvency proceedings through a relaunch or debt rescheduling. 

Entrepreneurs strongly resist the possibility of starting insolvency proceedings. The (negative) publicity and uncertainty for the parties involved (such as suppliers and employees) will, by definition, result in a loss in value and complicate the sale of the company. Entrepreneurs are furthermore often deterred by the complete loss of control that accompanies an insolvency, not knowing in advance how an administrator will handle the situation and the acquisition candidates that come forward…

If you are registered and logged in to the site, click on the link below to read the rest of the Taylor Wessing briefing. If not, please register or sign in with your details below.

Sign in or Register to continue reading this article

Sign in


It's quick, easy and free!

It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.

Register now

Why register to The Lawyer


Industry insight

In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.


Market intelligence

Identify the major players and business opportunities within a particular region through our series of free, special reports.


Email newsletters

Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.

More relevant to you

To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.

Briefings from Taylor Wessing

View more briefings from Taylor Wessing

Analysis from The Lawyer

  • merger deal

    Corporate crunch time: who will triumph at The Lawyer Awards 2014?

    As the equity capital markets rocketed back into favour and global M&A saw at least a partial return to form, there have been some rich pickings for The Lawyer’s Corporate Team of the Year award shortlisted firms in 2014. 

  • singapore orchid

    Singapore: Cash course

    The city-state is working hard to become a global wealth management hub, and law firms are gearing up for a prosperous new world

View more analysis from The Lawyer


5 New Street Square

Turnover (£m): 241.20
No. of lawyers: 860 (UK 200)
Jurisdiction: UK
No. of offices: 6
No. of qualified lawyers: 73 (International 50)
No. of partners: 29