The extension of the Dutch government’s Covid-19 relief measures for businesses has ensured that in the last six months of 2020 the number of bankruptcies was at an all-time low. However, according to the Bijzonder Beheer Barometer (special risk management barometer) an initiative of PwC and the Department…

There are times when an administrator has too weighty a role in settling bankruptcies. This is the message of Professor Reinout Vriesendorp's inaugural lecture on 24 June.

esearchers Strohmaier and Darouei investigate bankruptcies in the Belgian Hospitality Industry The two newly recruited doctoral researchers at the Department of Business Studies, Maral Darouei MSc and Niek Strohmaier MSc, have recently finalized an externally funded project for the research center…

This paper sheds light on how better monetary-fiscal coordination can be expected to play out across very different political-economic contexts.

Prof. Jan Adriaanse and Dr. Jean-Pierre van der Rest are currently completing an edited volume on Turnaround Management and Bankruptcy which will be published by Routledge in December 2016. A book written by leading experts in the field of business, law and finance, this edited volume brings together…

Amsterdam-based bicycle company VanMoof was declared bankrupt in court this week. The company had been struggling with financial problems for some time and recently closed its doors, causing great concern among customers. Several affected customers whose newly bought or repaired bikes were still being…

In his article ‘The Uneasy Case for Bankruptcy Legislation and Business Rescue’ professor Adriaanse gives his view on the bankruptcy legislation reform. He is not sure whether the legislation reform reduces the amount of viable businesses that fall prey to liquidation. According to him, empirical evidence…

On Wednesday 1 July 2020, Niek Strohmaier was awarded his PhD on the cognitive biases of financial backers and legal professionals in the context of the impending insolvency of companies.

Jessie Pool wrote about this, among other topics, in her article ‘Maatschappelijk verantwoord vereffenen: belangenpluralisme bij de maatschappelijke taakuitoefening van de curator” (Socially responsible settlement: Pluralism of interests in the social performance of the insolvency practitioner’s duties)…

Shuai Guo, PhD candidate at Company Law and the Hazelhoff Centre for Financial Law, was invited to speak about his research on cross-border bank resolution, with a comparative analysis of the EU, the US and China, at the Global Bankruptcy Scholars’ Work-in-progress Workshop held on 20-21 September at…

The Second Chance project aims to promote recovery and re-integration of entrepreneurs who have recently undergone bankruptcy.

Below you will find the publications within the research area Distress and Insolvency.

This publication examines the issues regarding the cross-border resolution of financial institutions, focusing on the power allocation between the home and host resolution authorities, i.e. the jurisdiction rule.

In the Department of Business Sciences, three chairs are established. Together, the chair holders lead the Turnaround, Rescue & Insolvency Leiden Research Team (TRI Leiden), which consists of legal and business science researchers from Leiden Law School. TRI Leiden aims, through an international and…

Company Law provides education and research in the field of commercial and corporate law, insolvency law and International Business Law.

We offer a broad and diverse amount of courses. Below, you will find all the information about the courses offered by the Department of Business Sciences. If you click on a course, you will be redirected to the course guide.

On 23 November 2022, the BUREN Thesis Prize on Insolvency Law was awarded for the fifth time. This year, two Leiden theses were nominated for this prize, written by Carlijn van der Hek and Raghav Mittal. Both nominees presented the results of their research, after which the jury announced that the first…

Every year, more than three thousand businesses are declared insolvent in the Netherlands. The purpose of bankruptcy is to divide the assets of these companies among the creditors. However, the value of the claims of the creditors often exceed the value of the assets of the company

The process of unification and the character of the union are the central topics of Magnanimous Dukes and Rising States. Robert Stein mirrors continuity and modernisation in Burgundian times with the bankruptcy of the former dynasties and the decline of feudal government. The powerful towns played an…

Below you will find the dissertations of team members of the Business & Liability Research Network.

November 2020 saw the publication of the book ‘Financial Collateral; Law and Practice’. This book was published by Oxford University Press, and edited and authored by Professor Matthias Haentjens. Other authors who contributed to the book are Anthony Zacaroli (High Court, Chancery Division), Yael Diamant…

Jan Adriaanse, Professor of Turnaround Management was a guest on the Ben Tiggelaar Podcast on Dutch BNR Nieuwsradio. What do you do if your company is in danger of collapse? How do you save your business (and yourself)?

The price of products and services plays an enormous role in society, and therefore also in the legal domain, according to Professor of Business Studies. Inaugural lecture 2 June.

We are excited to share that the article, Does pre‐packed bankruptcy create value? An empirical study of post-bankruptcy employment retention in The Netherlands, by our colleagues, Jan Adriaanse, Jean-Pierre van der Rest, Gert-Jan Boon, and Reinout Vriesendorp, published in the International Insolvency…

The BLRN members have published extensively in recent years. In addition to the BLRN book series, dissertations of BLRN members published in the E.M. Meijers Institute Series, you will find below a selection of our publications. For a more complete list of publications of each BLRN member, please visit…

This week has seen the publication of the Research Handbook on Cross-border Bank Resolution.

The TRI Leiden Second Chance Project aims to promote recovery and re-integration of entrepreneurs who have recently undergone bankruptcy. The Project Team, Jan Adriaanse, Mark Dechesne and Jennifer van Kesteren, have been accepted to speak at the Personal Insolvency Conference themed ‘A Fresh Look at…

There are times when an insolvency practitioner has to weigh his role in administering bankrupt estates. This was the message of Professor Reinout Vriesendorp's inaugural lecture that took place on 24 June 2016. According to Statistics Netherlands, 5,271 companies were declared bankrupt in 2015.…

What is the optimal investment policy according to which a firm adapts its capacity in a competitive market?

Jacques Sevat discussed the practical and legal aspects of global collateral management: collateral management to reduce the credit risks a global bank such as ING Bank runs every day.

A lecture about the drive, dynamics and dilemmas of our central bank and supervisor. Joanne Kellerman discussed the role of DNB, the central bank in our country for already 200 years, and the dilemmas that a supervisor faces. How can be ensured that a supervisory intervention is rightly timed and that…

This book, written by two representatives of Leiden Law School, describes the framework of the European Insolvency Regulation (recast) (‘EIR Recast’), in force since June 2017.

This minor is offered by the Department of Business Studies, affiliated with the Leiden Law School. Our department employs dedicated teachers from various disciplines, such as entrepreneurship, marketing, finance, organization, strategy and the behavioral sciences.

The BUREN Thesis Prize for Insolvency Law was awarded for the third time on 19 November 2020. Ilse van Vloten and Gijs de Koning, two Leiden students from the master’s programme Ondernemingsrecht, presented their research at the online award ceremony and were rewarded as winner and nominee respectiv…

How should jurisdictions, both on the national and on the supra-national level, handle the interaction between public and private law where it regards the regulation of financial markets?

On Thursday 19 September, the first ILS Lunch Seminar of this academic year took place. Clare Fenwick and Ilya Kokorin gave two very insightful presentations in this very well visited edition of the Lunch Seminars.

This publication examines the issues regarding the cross-border resolution of financial institutions, focusing on the power allocation between the home and host resolution authorities, i.e. the jurisdiction rule.

After the summer break, the ILS Lunch Seminar series is back for its fourth and final year. These monthly seminars present the perfect opportunity to unite the different institutes situated within Leiden Law School and have steadily developed into somewhat of a tradition. On Thursday 19 September 2019,…

Leiden researchers from the departments Company Law and Business Studies will be collaborating with SEO Economisch Onderzoek on behalf of the WODC. The subject of their research project will be the financing of the insolvency administrator.

On 11 June 2023, the International Insolvency Institute (III) announced its 2023 prizes in International Insolvency Studies during its 23rd Annual Conference in Amsterdam. Raghav Mittal from Leiden University was honoured to be a recipient of the Bronze Medal for his paper on Equity retention in SME…

Scholars and lawyers come across situations where insolvency office holders (court-appointed administrators/trustees) of insolvent/bankrupt companies chase the company’s directors, and sometimes shareholders, because the directors/shareholders did not prevent the insolvency/bankruptcy. In addition,…

The starting point for this research project is the notion that the human brain is susceptible to all kinds of fallacies and biases that affect our perceptions and influence our reasoning outside of our conscious awareness. Indeed, most people think they are merely observing facts and that they process…