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Commercial Law

Reviewing Pre-Packed Bankruptcies: Does It Create Value for Employees?

Rick Aalbers | Jan Adriaanse | Gert-Jan Boon | Reinout Vriesendorp | Jean-Pierre van der Rest | Frank van Wersch

Firms that find themselves in dire circumstances can improve their situation by proactively implementing strategic change to stem survival-threatening performance decline. Asset restructuring is a...

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Commercial Law
Corporate Governance

The ECJ in 'Estro/Smallstep': The End of Pre-packs as we Know Them?

Frederik De Leo

In its preliminary ruling of 22 June 2017, the ECJ held that the Dutch pre-pack does not come under the derogation in Article 5(1) of Directive 2001/23.The reasoning of the ECJ will have important...

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