National Report for the Netherlands

Abstract

The first principles of insolvency law applicable in a sovereign Dutch nation can be traced back to the Ordinance of Antwerp of 28 January 1515. As a predecessor of insolvency legislation elsewhere in Europe, the Ordinance contained core principles and features still deemed fundamental to a modern insolvency law system (e.g. the collective nature of the insolvency proceedings, the appointment of an insolvency administrator, the prohibition against concealing property of the debtor, the application of the pari passu principle and the existence of preferential debts).

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