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The great novelty of Netherlands Insolvency Law is that it is the first book in the English language covering the Netherlands insolvency law as a whole. It is a practical book for use by internal and external legal counsel, Dutch and non- Dutch companies, students, academics and practitioners alike, presenting not only the principal concepts but also the current state of affairs of the Netherlands in- solvency law. The reader is offered not only the black letter law, but also impar- tial discussions presenting differing views on particular aspects of the insolvency law. Furthermore, Netherlands Insolvency Law briefly addresses recent develop- ments such as the EU Insolvency Regulation and the progress made on the ongo- ing total revision of the Netherlands Bankruptcy Act in the "Marktwerking, Deregulering en Wetgevingskwaliteit (MDW)"-project. Declercq has successfully managed to strike such a balance that, on the one hand, the book offers the reader more than an average introduction, while on the other hand, it is not weighed down in a quagmire of technical detail. Declercq's experi- ence and international exposure as an insolvency lawyer in one of the most repu- table law fmns in the Netherlands has probably contributed in this respect. Netherlands Insolvency Law promises to become a standard textbook to a wide- ranging audience. ANTONIUS I. M. vAN MIERLO ProfessorofLaw Erasmus University Rotterdam January 2002 VII TABLE OF CONTENTS Preface V Abbreviations XIII Introduction XVII CHAPTER 1 - THE NETHERLANDS BANKRUPTCY ACT 1.
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The great novelty of Netherlands Insolvency Law is that it is the first book in the English language covering the Netherlands insolvency law as a whole. It is a practical book for use by internal and external legal counsel, Dutch and non- Dutch companies, students, academics and practitioners alike, presenting not only the principal concepts but also the current state of affairs of the Netherlands in- solvency law. The reader is offered not only the black letter law, but also impar- tial discussions presenting differing views on particular aspects of the insolvency law. Furthermore, Netherlands Insolvency Law briefly addresses recent develop- ments such as the EU Insolvency Regulation and the progress made on the ongo- ing total revision of the Netherlands Bankruptcy Act in the "Marktwerking, Deregulering en Wetgevingskwaliteit (MDW)"-project. Declercq has successfully managed to strike such a balance that, on the one hand, the book offers the reader more than an average introduction, while on the other hand, it is not weighed down in a quagmire of technical detail. Declercq's experi- ence and international exposure as an insolvency lawyer in one of the most repu- table law fmns in the Netherlands has probably contributed in this respect. Netherlands Insolvency Law promises to become a standard textbook to a wide- ranging audience. ANTONIUS I. M. vAN MIERLO ProfessorofLaw Erasmus University Rotterdam January 2002 VII TABLE OF CONTENTS Preface V Abbreviations XIII Introduction XVII CHAPTER 1 - THE NETHERLANDS BANKRUPTCY ACT 1.
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