diff --git a/fs/ncpfs/dir.c b/fs/ncpfs/dir.c
index 81c287d105d5..9c51f621e901 100644
--- a/fs/ncpfs/dir.c
+++ b/fs/ncpfs/dir.c
@@ -1144,8 +1144,16 @@ static int ncp_rename(struct inode *old_dir, struct dentry *old_dentry,
 		old_dentry->d_parent->d_name.name, old_dentry->d_name.name,
 		new_dentry->d_parent->d_name.name, new_dentry->d_name.name);
 
-	if (new_dentry->d_inode && S_ISDIR(new_dentry->d_inode->i_mode))
+	if (new_dentry->d_inode && S_ISDIR(new_dentry->d_inode->i_mode)) {
+		/*
+		 * fail with EBUSY if there are still references to this
+		 * directory.
+		 */
 		dentry_unhash(new_dentry);
+		error = -EBUSY;
+		if (!d_unhashed(new_dentry))
+			goto out;
+	}
 
 	ncp_age_dentry(server, old_dentry);
 	ncp_age_dentry(server, new_dentry);