New rules on turboliquidation (which will be temporary for the time being) will enter into force this autumn. You can read more about this topic here:

Earlier this year we already informed our readers about the upcoming changes.

In short, the new legislation brings three changes.

First, the (former) board of the dissolved legal entity (including a private limited company under Dutch law, a BV) is obliged to disclose financial documents and to inform any creditors in writing. Furthermore, the public prosecutor will have the possibility to impose a director disqualification on the (former) board. Finally, creditors will have the right to inspect the retained records of the dissolved legal entity if the board has not fulfilled its accountability obligation.

As mentioned, these rules will enter into force on 15 November 2023. They will apply for the duration of two years, with a possibility of extension. Would you like to know more about (expedited) liquidation of companies under Dutch law? Or about other corporate law topics? Feel free to contact SPEE advocaten & mediation.