Geoff Green, a strategist from the National Australia Bank, talks about the ‘undercover administrator’ indicating the ‘intended insolvency practitioner’ (beoogd curator) in present draft legislation in the Netherlands, see australianloanrestructuringissues.com.
The blog uses the Dutch reform to focus on the issue of non-publicity and what Australia is doing to minimise the problem. The person playing the role of the intended IP presently is standing in the wings, but whether s/he comes to the Dutch restructuring and insolvency stage remains to be seen.
In the Netherlands – like in large parts of Europe – several weeks of holidays are coming to a close, but the Dutch Parliament still is enjoying its recess. Until, I think, the first week of September, this piece of legislation is in limbo.