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More protection for creditors in fast-track liquidations (turboliquidatie)

This information is provided by:Netherlands Enterprise Agency, RVONetherlands Enterprise Agency, RVONederlandse versieEffective date: 15 November 2023

What has changed?

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

The following has changed:

  • The company board should present a final balance, and have it recorded, in which it explains why there are no funds left.
  • The company has to open up its financial statements for inspection.
  • The company board has to make sure the fast-track liquidation is announced publicly.
  • The announcement should make clear that the final balance and the financial statements of the company can be viewed at the Netherlands Chamber of Commerce (KvK).

For whom?

  • creditors
  • companies going into fast-track liquidation

When?

The Temporary act transparency fast-track liquidation has entered into effect on 15 November 2023.

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