European Union: Insolvency/Bankruptcy/Re-Structuring

An Amsterdam District Court recently rejected investment funds' attempts to obtain documents and examine directors in connection with Hunkemöller's restructuring, marking the first Dutch judgment on allegations arising from a Liability Management Exercise. The funds claimed they were disadvantaged by an up-tiering transaction but failed to sufficiently substantiate their claims of unlawful conduct.

A high-value vehicle lease can look straightforward until the leasing company fails. Then the business using the vehicle may find itself caught between an insolvent supplier and the bank that funded the deal. A recent dispute involving a Mercedes-Benz G 63 AMG shows why the fine print matters.

Stefan van Wijk of BUREN has been appointed administrator following the bankruptcy of six Dutch companies operating under the Hortilux and Agrilight brands, which manufacture lighting installations for greenhouse horticulture and livestock housing. With over ten parties already expressing interest and intensive restart efforts underway, the administrator is preparing an information memorandum to facilitate potential acquisitions while maintaining operations in the interim.