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Mandatory regulation for prevent and absence

From July 1st 2021 foundations and associations must contain a provision on the way in which the exercise of duties and powers is provisionally provided for in the event of absence and inability to act on all board members.

Act on the Confirmation of Private Restructuring Plans

In order to prevent bankruptcies due to the corona crisis, the Act on the Confirmation of Private Restructuring Plans (Wet Homologatie Onderhands Akkoord: ‘’WHOA’’), which came into effect on the first day of January 2021, may offer a solution.