Notes the Dutch Supreme Court decisions in Immobile Securities NV v Promontoria Holding 107 BV and Alegre Beheer BV v Promontoria Holding 107 BV on whether claims under loan agreements were transferable from a bank to a non-bank by assignment, placing the non-bank under the same duty of care as the bank towards the borrowers. Highlights the significance for the Netherlands' secondary market for non-performing loans and its securitisation market
Title | Immobile Securities NV v Promontoria Holding 107 BV |
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Court | Hoge Raad |
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Date of judgement | 10/07/20 |
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Title | Alegre Beheer BV v Promontoria Holding 107 BV |
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Court | Hoge Raad |
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Date of judgement | 10/07/20 |
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