On 1 March 2016 Mignon ter Beek and Maarten de Vocht gave a presentation to various interested persons that included the following subjects: several liability, recourse and the legislative proposal on a private composition.
They gave an explanation of the legislative proposal that is to enable a private composition on certain conditions, even if not all creditors agree to it. Whether the legislative proposal will be adopted in its current form is still unclear at this time. We think that this proposal still has some complications to overcome. Naturally, we will keep you informed of the status of this legislative proposal. The characteristics of several liability and recourse were subsequently explained during the presentation. Tips were given on what to pay attention to in the case of a joint and several obligation, and the advantages and pitfalls of recourse were discussed.
VMBS Advocaten regularly gives presentations on interesting and topical subjects. Please contact VMBS Advocaten at telephone number 040-2198430 if you are interested in attending such a presentation (at no cost). Naturally, you may also contact Mignon ter Beek if you have any questions about the presentation of 1 March 2016 or its contents, or if you have any other questions concerning financing, securities and insolvency law.