On January 1, 2021, the Act on Court Confirmation of Extrajudicial Restructuring Plans, also referred to as the "Dutch Scheme" or "WHOA" (Wet Homologatie Onderhands Akkoord) entered into force.  On this episode of Global Perspectives, Frederic Verhoeven, of Houthoff, and Omar Salah, of Norton Rose Fulbright LLP and Tilburg University, discuss the reasons for the enactment of the WHOA, its key features, and recent WHOA proceedings.