ARTICLE
18 November 2024

Update: Blokker Declared Bankrupt

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Buren

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BUREN is an independent international firm of lawyers, notaries, and tax advisers with offices in Amsterdam, Beijing, The Hague, Luxembourg, and Shanghai. We provide full-service, multidisciplinary support, helping national and international clients expand, innovate, or restructure their businesses through our offices, country desks, and global network of partners.
On Wednesday, 13 November 2024, Blokker B.V. (Blokker) was declared bankrupt by the Amsterdam District Court. The bankruptcy was announced...
Netherlands Insolvency/Bankruptcy/Re-Structuring

On Wednesday, 13 November 2024, Blokker B.V. (Blokker) was declared bankrupt by the Amsterdam District Court. The bankruptcy was announced on Rechtspraak.nl. Previously, on 4 November 2024, Blokker was granted suspension of payments. Mr. J.R. Berkenbosch of the firm Jones Day and Mr. R.P.A. de Wit of the firm HVG Law, who were appointed by the court as administrators during the suspension of payments, have now been appointed as trustees in Blokker's bankruptcy. The Amsterdam District Court has ordered a cooling-off period for two months.

The bankruptcy will undoubtedly have significant consequences for various stakeholders of Blokker, such as employees, suppliers, landlords, debtors, and creditors. We would be pleased to assist you, as a stakeholder of Blokker, in understanding the implications of this bankruptcy within the retail sector and for your specific interests.

It is crucial to take timely steps to safeguard your rights and to mitigate any damage. BUREN advises parties affected by insolvency situations on optimizing their positions. If you are seeking immediate advice to strengthen your rights or are interested in the Blokker businesses, please let us know, so we can explore how we may assist you. We have extensive experience in (advising on) insolvencies in the retail sector, including those of the fashion chain Miss Etam, department store V&D, and fashion brands MS Mode and Mexx. For further information, we invite you to visit this page.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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