Creditors to get more protection from fast-track liquidations (turboliquidatie)

This information is provided by

Netherlands Enterprise Agency, RVO

Effective date: not yet known

What changes?

Are you creditor to a company in financial trouble? If this company goes into fast-track liquidation (turboliquidatie), you will get more options to act if your interests are harmed. A fast-track liquidation is a dissolution of a company where no outstanding debts are paid.

The following will change:

  • The company board should present a final balance, in which it explains why there are no funds left
  • The company has to open up its annual accounts for inspection
  • The company board has to announce the fast-track liquidation publicly
  • The announcement should make clear that the final balance and the annual accounts of the company can be viewed at the Netherlands Chamber of Commerce (KvK)External link

For whom?

  • Creditors
  • Companies going into fast-track liquidation

When?

It is not yet known when this change in law will be final

Questions relating to this article?

Please contact the Netherlands Enterprise Agency, RVO

This information is provided by

Netherlands Enterprise Agency, RVO