Skip to content

A comparison of the new Dutch Scheme and the new UK Restructuring Plan.

The European restructuring landscape continues to evolve with the recent introduction of a new restructuring procedure (UK Restructuring Plan) into the United Kingdom’s restructuring tool kit. The UK Restructuring Plan was enacted as part of the Corporate Insolvency and Governance Act 2020 (CIG Act) which became effective on 26 June 2020; it is closely based on the UK scheme of arrangement procedure (UK Scheme) which debtors in the UK and abroad have utilised to restructure their financial indebtedness for decades.

Read the full GT Alert, “A New European Restructuring Landscape.”

Print:
Email this postTweet this postLike this postShare this post on LinkedIn
Photo of Rupert Cheetham Rupert Cheetham

Rupert Cheetham has a broad practice involving restructuring, insolvency and general finance transactions. Rupert advises on fully consensual work-out refinancing transactions, restructuring procedures such as UK schemes of arrangement, restructuring plans and company voluntary arrangements (CVAs), and formal insolvency proceedings. Rupert acts for…

Rupert Cheetham has a broad practice involving restructuring, insolvency and general finance transactions. Rupert advises on fully consensual work-out refinancing transactions, restructuring procedures such as UK schemes of arrangement, restructuring plans and company voluntary arrangements (CVAs), and formal insolvency proceedings. Rupert acts for banks, funds and other financial institutions, as well as sponsors, corporates, directors and insolvency practitioners.

Rupert is recognised for Restructuring & Insolvency in the 2024 edition of The Legal 500 UK, where he is described as “very experienced and solutions-oriented” and lauded for being “a good leader to the team.”

Photo of Sabine Schoute Sabine Schoute

Sabine Schoute heads the Amsterdam Finance & Restructuring Group. She focuses her practice on virtually all types of finance, including general syndicated lending, leveraged finance, corporate finance, property and project finance, and restructurings and workouts. Sabine has acted for a wide range of

Sabine Schoute heads the Amsterdam Finance & Restructuring Group. She focuses her practice on virtually all types of finance, including general syndicated lending, leveraged finance, corporate finance, property and project finance, and restructurings and workouts. Sabine has acted for a wide range of private equity sponsors, real estate investors, borrowers, lenders, and other stakeholders. Before joining Greenberg Traurig in 2020, Sabine worked at a large international law and tax firm for almost 10 years during which she spent two years in their New York office.

Photo of Lilian Welling-Steffens Lilian Welling-Steffens

Lilian Welling-Steffens focuses on structured and secured financing, restructuring, and (cross-border) insolvency. She is also experienced in the area of private international law and property law. Lilian is a noted academic in this field, publishing regularly, acting as a guest lecturer at Universities

Lilian Welling-Steffens focuses on structured and secured financing, restructuring, and (cross-border) insolvency. She is also experienced in the area of private international law and property law. Lilian is a noted academic in this field, publishing regularly, acting as a guest lecturer at Universities and speaking at industry events. She is also an active member of various industry associations, including member of the Knowledge Development Committee of the Dutch Restructuring Association.

Photo of Ian Jack Ian Jack

Ian Jack advises on a broad range of banking and finance transactions, including project finance, acquisitions finance and property financings, and restructurings. Ian has been recognized by Chambers UK and Legal 500 for his restructuring, project finance, and acquisition finance experience. Prior to

Ian Jack advises on a broad range of banking and finance transactions, including project finance, acquisitions finance and property financings, and restructurings. Ian has been recognized by Chambers UK and Legal 500 for his restructuring, project finance, and acquisition finance experience. Prior to joining Greenberg Traurig, Ian served as Co-Head of Global Restructuring & Insolvency at Baker & McKenzie and leader of its London practice.