WHOA Neddies: Dutch create new, flexible restructuring rule

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WHOA Neddies: Dutch create new, flexible restructuring rule

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The Netherlands is about to pass an act inspired by US bankruptcy rules or English schemes of arrangement, updating an insolvency code that has proved ineffective for dealing with companies with secured debt — and has seen companies like Nyrstar redomicile to the UK as part of their restructurings.

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