Blokker request suspension of payments - how are stakeholders affected?

 November 5, 2024 | News

Dutch retailers continue to feel the pressure. The other day, household goods retailer Blokker was granted protection from creditors, and the high-street chain's bankruptcy is likely to follow soon. The possibilities of a restart are undoubtedly being explored.

Uncertain times for stakeholders

These are uncertain times, not just for Blokker, but also for its various stakeholders, including suppliers, creditors, landlords and staff. Are you a stakeholder? Then it is crucial that you gain an understanding of your position as soon as possible. AKD can help.

Many of Blokker's suppliers, who earlier this year received a changed set of general terms and conditions of supply, wonder whether they can repossess their unpaid goods under a retention of title or under the right of reclamation. They may also be struggling with the question whether to continue to supply goods to Blokker in spite of the situation that has now arisen.

Our insolvency lawyers are experts at providing advice on distress, protection from creditors and bankruptcy to any stakeholder. As experienced and knowledgeable as they are as lawyers, they are also regularly appointed by the court as administrators, receivers or trustees, adding to their expertise.

Contact us

We understand that the current situation may give rise to many questions. Feel free to contact us with any query that you have. Rolf Everhardus (0652615599, reverhardus@akd.nl), Thijs Hekman (0654267391, thekman@akd.nl) and Fouad el Houzi (0652615810, felhouzi@akd.nl) will be glad to assist you.

Dutch retailers continue to feel the pressure. The other day, household goods retailer Blokker was granted protection from creditors, and the high-street chain's bankruptcy is likely to follow soon. The possibilities of a restart are undoubtedly being explored.

Uncertain times for stakeholders

These are uncertain times, not just for Blokker, but also for its various stakeholders, including suppliers, creditors, landlords and staff. Are you a stakeholder? Then it is crucial that you gain an understanding of your position as soon as possible. AKD can help.

Many of Blokker's suppliers, who earlier this year received a changed set of general terms and conditions of supply, wonder whether they can repossess their unpaid goods under a retention of title or under the right of reclamation. They may also be struggling with the question whether to continue to supply goods to Blokker in spite of the situation that has now arisen.

Our insolvency lawyers are experts at providing advice on distress, protection from creditors and bankruptcy to any stakeholder. As experienced and knowledgeable as they are as lawyers, they are also regularly appointed by the court as administrators, receivers or trustees, adding to their expertise.

Contact us

We understand that the current situation may give rise to many questions. Feel free to contact us with any query that you have. Rolf Everhardus (0652615599, reverhardus@akd.nl), Thijs Hekman (0654267391, thekman@akd.nl) and Fouad el Houzi (0652615810, felhouzi@akd.nl) will be glad to assist you.