Restructuring and insolvency in Netherlands

Allen & Overy LLP

Allen & Overy LLP has a well-established presence and is able to handle the full spectrum of restructuring and insolvency, divestments and distressed loan portfolio sales in the Dutch and international markets. Key areas include the shipping, retail, construction and real estate sectors and an impressive client roster includes the likes of Davidson Kempner, ABN AMRO, and HSBC.  Individuals to note are practice heads Sigrid Jansen and Aroen Kuitenbrouwer; both are advising on areas such as the acquisition of senior loans and subordinated loans. Senior associate Duco Postma is also noted.

Practice head(s):

Sigrid Jansen; Aroen Kuitenbrouwer

Testimonials

The team is very hands-on, pragmatic and clients feel that they are first priority. The advice is always balanced and all arguments are taken into consideration. The individuals are well prepared to take over work from colleagues in the team without hurting the clients interests‘.

Sigrid Janssen is the best insolvency lawyer in the firm and the Netherlands. She is very cooperative and can lead difficult discussions between parties in a well balanced way. Always striving for a solution that could work for her clients‘.

Good bench with excellent lawyers, both technical and commercially. They got they entire spectrum covered both transactional and on the litigation side‘.

Sigrid Janssen is sharp, practical and driven‘.

Key clients

ABN AMRO

Davidson Kempner

HSBC

Trafigura

Vieo B.V

Vroon Group

ABN AMRO Bank N.V

BNP Paribas (Suisse S.A)

KBC Bank N.V

Citicorp Trustee Company Ltd

Wagenborg

ABN AMRO Lease N.V

Intertoys

DTG Holding B.V

Dutch Ministry of Finance

IHC Merwede Holding B.V

Cooperative Rabobank UA

Curaeos

De Poli Tanker

ING Bank

Royal DSM

DSM Finance B.V

DTG Holdings

European Directories

Enki Ptah

Dutch Seafood Holding

AEB Holding N.V

Blokker Holding B.V

Work highlights

  • Advising Blokker in relation to their financial restructuring and strategy.
  • Successfully defended ABN Amro before the District Court regarding a former shareholder’s claim that the prepack was allegedly unlawful and claimed damages.
  • Advising Davidson Kempner in acquiring the senior loan and subordinated loan and subsequent enforcement of its rights.

De Brauw Blackstone Westbroek

De Brauw Blackstone Westbroek is frequently involved in large global restructurings and is also involved in making recommendations for legislative proposals submitted by the Dutch government. The firm's expertise lies in advising financial institutions, multinational companies, private equity investors and management on all types of restructuring or insolvency-related issues. The practice is co-headed by Reinout Vriesendorp and Ferdinand Hengst. Notable highlights include Vriesendorp advising PTIF (Oi Telecom) on its cross-border restructuring, the largest debt restructuring in Latin America. The firm is the only Dutch law firm to be a member of INSOL G36.

Practice head(s):

Reinout Vriesendorp; Ferdinand Hengst

Testimonials

Skillfull team‘.

Johan Valk did excellent work on some difficult files‘.

Key clients

Credit Suisse

Central Bank of Curacao and St Maarten

Oi Telecom

Unilever

Royal Ahold Delhaize

Royal Philips

ASML

SBM Offshore

Etihad Airways

ABN AMRO Bank

Rabobank

ING Bank

De Volksbank

UBS Bank

Waterland Private Equity

Providence Equity LLP

Blokker

Work highlights

  • Assisted Central Bank of Curacao and St Maarten and ENNIA Caribe with a significant multi-jurisdictional restructuring which involved emergency regulations and US Chapter 15 proceedings.
  • De Brauw advised PTIF (Oi Telecom) on its cross-border restructuring, the largest debt restructuring in Latin America.
  • Advised Credit Suisse Brazil  in the restructuring of OSX S.A. and represented CS in Supreme Court proceedings.

Houthoff

Houthoff has extensive experience in restructuring and insolvency and assists its clients with advice, representation in litigation, or as a bankruptcy trustee. The firm is particularly capable in cross-border restructuring work and has been involved in the restructurings of Agrokor, Oi, Steinhoff, and more. Practice head Frédéric Verhoeven has a 'deep understanding of insolvency matters'; he is acting as bankruptcy trustee of Sissy Boy, the well-known Dutch high street retailer. Clients praise the team's 'boutique approach with partners' and 'client-oriented' service. Also noted is Christiaan Zijderveld a 'creative' and 'client-friendly' lawyer.

Practice head(s):

Frédéric Verhoeven

Testimonials

Houthoff is one of our favourite law firms to work with on complex cross-border insolvency matters, and we have built a long-standing relationship and trust with them. Compared to larger firms, Houthoff has a boutique approach with partners that are very committed and are available and responsive during a deal‘.

The primary attorney I work with at Houthoff is Frederic Verhoeven. Frederic is available 24/7 and he has a deep understanding of insolvency matters‘.

The team has earned a distinguished international reputation. They are a committed and dedicated team with likeable lawyers who have specialist expertise in complex cross-border restructurings and insolvency proceedings. My experience is that their lawyers are hard-working, commercial and solution-oriented‘.

Christiaan Zijderveld is an excellent, technical and creative lawyer who is very commercial and client-friendly‘.

Key clients

Fortenova Group

Finqus

Lehman Brothers Treasury

International Bondholders Committee in Oi restructuring

Unlimited Sports Group

Goldman Sachs

ING Bank

Independent Derivatives Committee

Diageo

Imtech N.V. supervisory board directors

Work highlights

  • Advising the Independent Derivatives Committee on the framework for compensation by the Dutch banking sector of SME clients that bought interest rate derivatives from Dutch banks.
  • Acted as Dutch counsel for Agrokor in a debt-for-equity restructuring.
  • Acting as bankruptcy trustee of Sissy Boy, a well-known Dutch high street retailer with 49 shops in Belgium and the Netherlands.

NautaDutilh

NautaDutilh's restructuring and insolvency practice can assist clients on the full range of issues, from out-of-court restructurings to litigation. It acts for a broad spectrum of clients from banks and debtors to insolvency trustees and directors. Key clients include Agrokor, Apollo, and Deutsche Bank. Practice head Robert Van Galen  provides 'excellent analysis' and is advising Nordic Trustee on the restructuring of the OSX-group. Clients praise Barbara Rumora-Scheltema for her 'tactical appreciation of the position of the other parties' - she is advising the Royal Van Zanten group on its restructuring. Teun Struycken is also a key practitioner who combines restructuring and financing capabilities.

Practice head(s):

Robert van Galen

Testimonials

They provide Commercial advice, clear communication, timely responses, good strategic appreciation, value for money‘.

In my view Barbara Rumora-Scheltema is an exceptionally good lawyer combining understanding of the legal technicalities with tactical appreciation of the position of the other parties and was the architect of a satisfactory complicated technical legal outcome‘.

It is a strong well balanced team with excellent knowledge on insolvency and security rights especially in the Netherlands but also Europe and US related‘.

Robert van Galen is one of the top lawyers with excellent analysis qualities; also advising and litigating in cases before the Dutch Supreme Court. Barbara Rumora is an excellent lawyer with an extra eye for human interaction. She can make the difference.’

Key clients

Agrokor

Apollo

Deutsche Bank

BNP Paribas

Nordic Trustee

Royal van Zanten

PZEM

Deloitte Accountants

Several Yukos entities, Bruce Misamore

Rabobank

ABN AMRO

ING Bank

Work highlights

  • Acting as Dutch counsel for Agrokor in its European restructuring involving a double Dutch holding structure.
  • Assisting Apollo, a predominantly Dutch manufacturing company in financial distress, with proceedings before the Netherlands Commercial Court.
  • Advising Nordic Trustee and a group of creditors holding bonds in the amount of approximately $500m  with respect to the restructuring of the OSX-group.

Stibbe

Stibbe's restructuring and insolvency team has cross-border capabilities and handles high-profile advisory and litigation matters. The practice is regularly appointed by the court to act as a bankruptcy trustee or administrator in suspension of payments procedures. Key clients include Stichting WSG, DBS Bank, and Deloitte. Practice head Job Van Hooff is 'outstanding' in restructuring law and advised housing association Stichting WSG on its €700m restructuring process. Toni van Hees leads the team alongside Hoof and is a 'fast and very knowledgeable' lawyer.

Practice head(s):

Toni van Hees; Job van Hooff

Testimonials

The practice of the law firm Stibbe is unique because of their cleverness and speed in their work in bankruptcy and restructuring cases. They also stand out for their approachability, reliability and correctness. They are among the top lawyers of the Netherlands‘.

Toni van Hees is a top lawyer and is deployed in litigation cases. Toni van Hees excels in everything. He is fast and very knowledgeable and has also made a name for himself in the field of restructuring and insolvency of companies‘.

Brenda Katan is involved in general lawyer practice, has less seniority than Toni van Hees, however is one of the best and is a very promising lawyer. Stibbe excels in excellent lawyers!! We’re very happy with them!

Stibbe provides excellent legal services and is a key player in the Benelux restructuring community with strong young partners‘.

Individuals I have worked with in several matters and which have in my view outstanding restructuring law skills include Job van Hooff.’

Key clients

Deloitte

Ernst & Young LLP

Frigoglass

Intertrust

Nomura

Goldman Sachs

Unlimited Sports Group

DBS Bank

North Sea Ports

Stichting WSG

ATB Financial

Floresteca

Work highlights

  • Appointed as administrators of Floresteca B.V. by the Amsterdam District Court.
  • Representing the Bankruptcy Trustees of Slotervaart hospital Amsterdam in bankruptcy proceedings against the City of Amsterdam.
  • Advised housing association Stichting WSG on its restructuring process.

AKD

AKD is known for assisting clients in financial distress on a range of matters, from reorganisations and recapitalisations to winding up groups and companies. The practice is frequently appointed as bankruptcy trustees and administrators, and acts for clients including Royal Imtech, Atlantic Marine Services, and CEG-Group. Barend de Roy van Zuidewijn heads the practice and is advising Atlantic Marine Services. Clients praise Zuidewijn for his deep expertise and 'pragmatic' advice.

Practice head(s):

Barend de Roy van Zuidewijn

Testimonials

The team is very proactive and responsive, and has a deep knowledge of the matter‘.

Barend de Roy is a very competent lawyer, very reliable and available to discuss. Very honest and correct. Working with him means that you are in good hands‘.

Barend de Roy van Zuidewijn is an experienced lawyer with over 30 years of experience in Insolvency and Litigation matters. He is pragmatic and ever changing with times in order to deliver the best advice to the client‘.

Key clients

Bankruptcy trustee of Royal Imtech N.V.

Bankruptcy trustee of Atlantic Marine Services B.V.

Cerberus Capital Management LP

Bankruptcy trustee of E.P. Trade Support (affiliated to the Eneco group)

Svenska Handelsbanken AS

Bankruptcy trustee of Fortress group companies

Berzona B.V

Bankruptcy trustee of De Donge group companies

Centraal Beheer Achmea

Bankruptcy trustee CEG Group

Crowe Horwath

Bankruptcy trustee of Greystone Holding B.V. and Stichting Beheer Derdengelden Greystone

Bankruptcy trustee of Ebcon Holding

Work highlights

  • Acting as bankruptcy trustee in the high profile bankruptcy of Royal Imtech N.V. and several of its subsidiaries.
  • Acting as bankruptcy trustee of Atlantic Marine Services B.V.
  • Appointed as bankcruptcy trustee for CEG-Group which consists of 19 companies.

Clifford Chance

Clifford Chance advises a range of financial institutions on restructuring and insolvency matters. A recent matter highlight for the firm includes advising Hemisphere on the restructuring of its debt of approximately $1bn. This matter is being led by practice head Ilse van Gasteren, who is 'experienced and pragmatic'. Also leading the practice is Jelle Hofland. The firm's client roster includes Rabobank, ING Bank, ABN AMRO.

Practice head(s):

Ilse van Gasteren; Jelle Hofland

Testimonials

Not only good know how of the legal aspects but also willingness and ability to think along on more strategic topics surounding the insolvency/restructuring theme‘.

One of the leading teams. Very pragmatic and commercial team of people, more so than most other parties in the market. Strong international network‘.

Jelle Hofland – leader of the team; very pragmatic and commercial. Fun to work with. Isle van Gasteren; made partner last year. Experienced and pragmatic. Evert Verweij; strong up and coming restructuring professional‘.

Key clients

Rabobank

ING Bank N.V.

ABN AMRO

NIBC

BNP Paribas

Deutsche Bank

Work highlights

  • Advising Hemisphere on the restructuring of its debt of approximately $1bn.
  • Advising the bank co-coordinating committee on the high profile potential restructuring and recapitalisation of Nyrstar.  
  • Advised the senior lenders in connection with the refinancing and restructuring CleanLeaseFortex.

CMS

CMS acts as bankruptcy trustees and advise on restructuring and insolvency matters for a range of industries with particular emphasis on retail. Clients include the McGregor Fashion Group and Cool Cat Fashion. The practice is led by Jan Willem Bouman, Marcel Groenewegen, Marc van Zanten. A notable highlight includes Groenewegen acting as a court appointed silent administrator and trustee in the bankruptcy of Portugal Telecom International Finance. Clients praise the team's 'hands on' approach, as well as Groenewegen's 'thorough knowledge' of the Dutch restructuring and insolvency market.

Practice head(s):

Jan Willem Bouman; Marcel Groenewegen; Marc van Zanten

Testimonials

Very professional, experienced, pragmatic and hands on approach. In difficult, complex situations this combination is crucial‘.

We have worked mostly with the partners of the team. I have most experience with Marcel Groenewegen and Marlous de Groot. They know their way around‘.

Marcel Groenewegen is very experienced and has thorough knowledge of the restructuring and insolvency business in the Netherlands‘.

Key clients

Portugal Telecom International Finance B.V.

Slotervaartziekenhuis B.V.

McGregor Fashion Group

Ardenberg Group

Swets & Zeitlinger Group

Cool Cat Fashion B.V. and Cool Cat Nederland B.V.

Stichting Waarborgfonds Sociale Woningbouw/WSG

Work highlights

  • Acting as a court appointed silent administrator and trustee in the bankruptcy of Portugal Telecom International Finance.
  • Appointed by the District Court of Amsterdam as administrators and trustees in the bankruptcy of Slotervaartziekenhs.
  • Appointed as bankruptcy trustee in the bankruptcy of McGregor Fashion Group Holding and ten of its subsidiaries.

Dentons

The Dentons restructuring and insolvency team has in-depth industry knowledge, with particular expertise in debtor representation, as well as advising lenders and sponsors. Key clients include Gibson Brands, Breevast, and OSX Leasing Group. Practice head Wouter Jongepier is 'well regarded' as a bankcruptcy trustee. Co-head Krijn Hoogenboezem is praised for his 'extensive knowledge' of multi-jurisdictional insolvency matters. Hoogenboezem is a key individual in assisting Gibson Brands with bankruptcy proceedings for subsidiary Gibson Innovations Netherlands.

Practice head(s):

Wouter Jongepier; Krijn Hoogenboezem

Testimonials

Krijn Hoogenboezem is exceptionally intelligent, yet practical. Also, he is a pleasure to work with in general‘.

Wouter Jongepier is very well regarded as a bankruptcy trustee, especially in more complex cases. Krijn Hoogenboezem is a clever, hands-on lawyer, with a broad restructuring practice‘.

The Dentons Restructuring and Insolvency team in the Netherlands has an intimate knowledge of insolvency law. The team has a particular strength in, and is best known for, debtor representation, although it regularly advises lenders and sponsors as well‘.

The team is engaged and practical, building on their knowledge and experience as court appointed receivers in high profile international matters. They take time to present a solution that helps to achieve my business’s ambition‘.

Krijn Hoogenboezem stands out for his can-do approach and practical attitude. High pace thinker. Very approachable, surrounded by a friendly and very competent team. Krijn combines his extensive knowledge on domestic and international insolvency law with his partnership approach‘.

Key clients

Gibson Brands LLC

Breevast B.V.

Herman Jansen Beverage Group B.V.

Wallich Securities B.V.

Estro Kinderopvang B.V.

OSX Leasing Group B.V.

The Gores Group

LK Bennett Holland B.V.

Jobbird.com B.V.

Air Berlin B.V.

ZED+ B.V.

Boer & Croon

Work highlights

  • Assisting Gibson Brands with bankruptcy proceedings for subsidiary Gibson Innovations Netherlands.
  • Advised Breevast on restructuring its €700m real estate portfolio.
  • Assisting Herman Jansen with preparing for and dealing with the insolvency of its subsidiary Oosterhout Beverage Centre.

Florent

Florent has an 'in-depth' knowledge of insolvency matters and regularly acts as appointed trustees and administrators for suspension of payment and bankruptcy proceedings. Notable highlights include acting for V&D and La Place as bankruptcy trustees, with both practice heads Hanneke De Coninck-Smolders  and Kees van de Meent  leading the matter. Other key clients include Leapp, Doniger, Amsterdam Hospitality Group. Clients praise managing partner Coninck's 'strategic' thinking and strong experience as a trustee.

Practice head(s):

Hanneke De Coninck-Smolders; Kees van de Meent

Testimonials

In-depth knowledge of corporate law, governance & insolvency matters and corporate liability insurance‘.

Strong domestic presence, skilled trustees and team for complex insolvencies‘.

Hanneke De Coninck-Smolders, always has a pragmatic and effective approach, but with a very human touch. Very knowledgable in the legal field‘.

Kees van der Meent is focused and results driven. Very nice to work with, also very realistic‘.

Florent is a modern Dutch law firm, very international oriented. In my experience, it is particularly strong in fraud and asset recovery, cross-border insolvency, and complex litigation. They are very pragmatic in their approach and good value for money‘.

Hanneke de Coninck-Smolders has a good knowledge of the Dutch insolvency law and is an experienced trustee. Hanneke is a strategic thinker who is not afraid to litigate if necessary‘.

Kees van der Meent has great negotiating skills as a trustee‘.

Key clients

V&D

La Place

Leapp

Doniger

TradeWork B.V.

Amsterdam Hospitality Group

Van der Moolen

Polare

Hillen & Roosen

A-Film

Work highlights

  • Assisting V&D with bankruptcy proceedings as trustees, a department store chain with 62 stores in the Netherlands.
  • Acting for La Place, a chain of restaurants, as bankcruptcy trustees.
  • Assisting the Leapp group with suspension of payments as an appointed administrator.

Freshfields Bruckhaus Deringer

Loyens & Loeff

The restructuring and insolvency team at Loyens & Loeff is ‘used to dealing with high-profile and complex cases’. The firm utilises its cross-border capabilities to handle restructurings, and represents banks and private equity funds as well as borrowers. Vincent Vroom is the head of the team and is advising Oi on a multi-billion dollar restructuring. Loek Kerstens is also noted.

Practice head(s):

Vincent Vroom

Testimonials

An experienced team who are used to dealing with high profile and complex cases. Consistent strength in depth throughout the team.

Vincent Vroom gives measured advice in a practical and balanced way. His calm demeanour cools the hottest of situations in meetings.

Key clients

Oi

Sun Capital

Prudential

Toys R Us

Endless LLP

Zilveren Kruis

Sete Brasil

QGOG Constellation

Floresteca B.V.

Goldman Sachs

KKR

Syncreon Group B.V.

Work highlights

  • Advising Zilveren Kruis in relation to high-profile bankruptcies of hospitals in Amsterdam.
  • Advising Constellation on a multi-billion dollar global restructuring.
  • Advising Oi on a multi-billion dollar restructuring.

Norton Rose Fulbright

Norton Rose Fulbright  has a noted expertise in the shipping industry and 'great knowledge' of restructuring processes. The firm handles both contentious and non-contentious cross-border matters for financial institutions, distressed companies, secured creditors, and managing directors. Yke Lennartz specialises in restructuring and insolvency-related litigation and leads the practice with Wouter Hertzberger, who focuses on restructurings for large financial institutions including ING Bank and Rabobank. Notable matter highlights include Lennartz assisting Bank of America with the Dutch elements of a major Chapter 11 procedure.

Practice head(s):

Wouter Hertzberger; Yke Lennartz

Testimonials

Accesible team, great knowledge of the shipping sector and restructuring processes‘.

‘They are well prepared to keep the oversight in highly complex transactions while keeping the communication condensed and well explained‘.

It was a cross border finance matter. The smooth cooperation between UK and Dutch teams makes them unique‘.

Key clients

ABN AMRO Bank N.V.

AEB (Afval Energie Bedrijf Amsterdam)

AIG

Banco Santander S.A.

Bank of America, N.A.

BNP Paribas

Danish Ship Finance

DNB Bank ASA

DVB Group Merchant Bank (Asia) Ltd.

HSBC Bank

ING Bank N.V.

Intertrust Nederland B.V.

MS Mode Group B.V.

Nordic Trustee AS

Pareto Bank ASA

PVH

Rabobank

Trustee of Lehman Brothers Inc.

Work highlights

  • Assisted Bank of America with the Dutch elements of a major Chapter 11 procedure.
  • Advised DEKA Bank Deutsche Girozentrale on its position in respect of the insolvency of Portugal Telecom International Finance, the issuer under a multi-billion Euro  Medium Term Note Programme and subsidiary of Oi, the Brazilian telecom operator .
  • Advised and assisted Nordic Trustee A/S, as bond trustee and security agent for the bondholders in respect of the acceleration and recovery of a €350m senior secured bond loan with VIEO as issuer.

RESOR NV

RESOR NV specialises in all aspects of restructuring and insolvency, including complex and cross-border matters. It acts for financial institutions, corporates and insolvency administrators and the team includes specialist litigators. Jako Van Hees  and Esther Oppedijk van Veen are two of the senior partners.

Baker McKenzie

Baker McKenzie has a focus on distressed real estate portfolios and advises banks on refinancing and restructuring. Key clients include Deutsche Pfandbriefbank AG, Piraeus Bank SA, and Colony Capital LLC. Robert van Agteren leads the practice which is advising Deutsche Pfandbriefbank on a loan restructuring and standstill agreement.

Practice head(s):

Robert van Agteren

Key clients

APM Holding GmbH

IES Immobilien-Projektentwicklung GmbH

Deutsche Pfandbriefbank AG

Piraeus Bank SA

Colony Capital LLC

Work highlights

  • Advising Deutsche Pfandbriefbank on a loan restructuring and standstill agreement.
  • Advising Piraeus Bank S.A. on the restructuring and settlement of a $53m loan.
  • Acting as local counsel to Colony Capital LLC in connection with a restructuring of the ownership structure in relation to the acquisition of a hotel.

DLA Piper

DLA Piper acts on both non-contentious and contentious restructuring mandates, including foreclosure sales. The firm has a strong reputation in handling cross-border matters 'seamlessly' and in a 'pragmatic manner'. Practice head Marc Molhuysen has 'good people skills' and is assisting GE Wind with the bankruptcy of Total Wind AS. Other key clients include Diebold Nixdorf, Zenco, and Avinco.

Practice head(s):

Marc Molhuysen

Testimonials

We worked with a DLA team on a complicated and challenging matter that took us across international and EU borders. They were able to work seamlessly in all jurisdictions and in a pragmatic manner‘.

Marc Molhuysen is the senior restructuring partner who we recently worked with. Marc was always very calm and pragmatic in his dealings with other advisors and clients. He has a rather unique view that encompasses both business and legal giving input into both. He makes constructive suggestions to complex situations‘.

DLA is friendly, pro-active, looks for a pragmatic solution and has a good network in Europe‘.

Marc Molhuijsen is very likable and a pragmatic lawyer with good people skills. Usually works on the more difficult stakeholder assignments‘.

Key clients

Diebold Nixdorf

Zenco

Avinco

GE Wind France SAS

Work highlights

  • Acting for Zenco as administrator of the company’s shares.
  • Temporary administrator of the majority of shares in Avinco Holdings.
  • Assisting GE Wind with the bankcruptcy of Total Wind AS and in securing the continued services to various wind parks in construction.

Jones Day

Jones Day has a 'high level' of experience acting as administrators and bankcruptcy trustees, particularly on complex and cross-border restructurings and insolvency procedures. The team is 'commercial and solution driven' when handling formal insolvencies, corporate or financial restructurings. Practice head Jasper Berkenbosch has a 'fast and advanced understanding' of the situation that faces the client. Berkenbosch is the appointed bankcruptcy trustee over Intertoys and administrator over Oi Brasil Holdings Coöperatief, two notable firm highlights. Erik Schuurs is also noted.

Practice head(s):

Jasper Berkenbosch

Testimonials

Worked with Jasper Berkenbosch and Erik Schuurs, who are both very pragmatic and look out for creditor’s interests when acting as bankruptcy trustees‘.

High level administration and bankruptcy trustee practice, good lawyers, commercial and solution driven‘.

A trully experienced team in the field of the more complex and cross-border restructurings and insolvency procedures. Besides, their knowledge on complex financial and securities issues differ them from other practices as this knowledge enables them to have a deep understanding‘.

The team of Jasper Berkenbosch (partner) and his senior associate Erik Schuurs is a pleasure to work with. Jasper Berkenbosch is highly experienced which is reflected by his fast and advanced understanding of the situation. He knows what to do. Erik Schuurs is a smart and pragmatic backup who works well with Jasper and the clients. Sid Pepels is bright associate who acts firmly when needed‘.

Key clients

Intertoys

Syncreon

Parman International B.V.

Brigade Capital Management, LP

Davidson & Kemper

Oi Brasil Holdings Coöperatief U.A.

Paperlinx

Work highlights

  • Acting as bankcruptcy trustee to Intertoys.
  • Appointed as administrator over PaperlinX Netherlands Holdings in its insolvency proceedings.
  • Assisting Brigade Distressed Value Master Fund with an expropriation of SNS Reaal’s securities by the Dutch State.

Linklaters

Paul Kuipers heads the team at Linklaters which advises on all aspects of the structuring of companies and corporate rescues. It is well positioned to act on Dutch and international matters via its global network. The work ranges from the reorganisation of distressed companies, and debt and equity restructurings to portfolio sales and workouts. Mees Roelofs is also a key contact.

Practice head(s):

Paul Kuipers

Key clients

ABN AMRO No No

The Royal Bank of

Scotland No No

BNP Paribas No No

ING Bank No No

Deloitte

Société Générale

J.P. Morgan

Carlyle

Rabobank

Noble Group

Work highlights

  • Assisted Noble in the run-off of its Tolling Agreement with Klesch Aluminium Delfzijl (Aldel) which filed for insolvency in 2017.  The work included the sale of the operation as a going-concern to a York Capital Management owned SPV and the continuation of the Tolling relationship with the purchaser. Noble successfully implemented a holdout strategy,

Van Doorne

Van Doorne's restructuring and insolvency practice possess debt restructuring, litigation, and enforcement specialists. Practice head Stefan van Rossum leads the 'professional' team. Rossum assisted Green Swan with its acquisition of Intertoys out of bankruptcy, a notable firm highlight. Additionally, the firm advised Rabobank on the financial restructuring of the Ter Haak group.

Practice head(s):

Stefan van Rossum

Testimonials

Very professional‘.

Stefan Van Rossum was great‘.

Key clients

Aareal Bank

ABN AMRO

Centerbridge

Elliott

Green Swan

Kildare

King Street

Rabobank

Wayzata

York Capital

Work highlights

  • Advised Green Swan on its acquisition of Intertoys out of bankruptcy.
  • Advised RCCS Holding B.V. in connection with the bankruptcy of SecurCash.
  • Advised Rabobank on the financial restructuring of the Ter Haak group.

Wijn & Stael Advocaten N.V.

Clients value Wijn & Stael Advocaten N.V.'s 'high level knowledge' of insolvency law particularly their expertise in the retail sector. The firm has advised key players in the retail market including Sissy Boy and Perry Sport on bankruptcy proceedings.  Practice heads Noor Zetteler and Remco Vermaire are representing Rabobank in several proceedings in relation to the bankruptcy of Eurocommerce. Willem Jan van Andel also heads the practice and is a key individual in advising Perry Sport.

Practice head(s):

Noor Zetteler; Willem Jan van Andel; Remco Vermaire

Testimonials

Their high level of knowledge makes them one of the better practices to work with. Also their decisiveness and tenacity distinguishes them from others‘.

They have practical and thorough knowledge of insolvency and restructuring law, specifically of the Retail sector and are acknowledged as such by their competitors in the Netherlands. They are perceived as a top (niche) firm for insolvency‘.

Willem Jan Van Andel – eminence grise of insolvency laws. Remco Vermaire – very practical and hands-on approach. Noor Zetteler – upcoming with broad knowledge on insolvency‘.

The team houses all disciplines we as a real estate financier need in our daily work regarding insolvency, foreclosure and litigation. The team has very good in depth knowledge of the law and how to use it in approaching difficult cases and files. Compared to other firms Wijn & Stael delivers outstanding work‘.

Key clients

Rabobank

De Lage Landen (DLL)

FlexEnergie B.V.

Psytrec

Econcern

Slotervaartziekenhuis

Trustee of Boer & Croon Holding B.V.

The Phone House

V&D

RNHB

La Ligna

Eneco

Montagny B.V.

Perry Sport

Bankruptcy trustees

Ruwaard van Puttenziekenhuis

Directors of Coolcat

Work highlights

  • Appointed as trustee in the bankruptcy of The Phone House Netherlands.
  • Appointed as trustee in the bankruptcy of Psytrec.
  • Appointed as trustee in the bankruptcy of Sissy-Boy.

Boels Zanders Advocaten

Boels Zanders Advocaten fields a team 'filled with experts' who 'tend to find commercially satisfying solutions'. The practice is particularly focused on clients from the engineering, and construction industries. As well as advising distressed companies on restructuring matters, it also acts on behalf of clients in directors' or shareholders' liability cases. Peter Brouns and Jeroen Bakkers are frequently instructed to act as insolvency trustees and court-appointed administrators and Flip Schreurs, who is regularly involved in proceedings before the Enterprise Division of the Amsterdam Court of Appeal is also a key contact.  

Practice head(s):

Peter Brouns; Jeroen Bakkers

Testimonials

Nice regional firm; good for handling regional matters and mid-size bankruptcy cases.

Practice is big and expertise is wide. Practice filled with experts making co-operation easy.

Team is easily approachable and friendly. They tend to find commercially satisfying solutions and are practical. Peter Brouns stands out with his knowledge on insolvency and restructuring.

Broad knowledge of the business and, of course, legal laws. Capability to really understand your company and its needs. And they just deliver.

The individuals feel like colleagues in your own company. Committed, think outside the box, creative etc.

Key clients

Componenta BV

Brabant Alucast The Netherlands Site Heijen BV

D-Group

Favini Paper factories

Irmato Group

Lips Group

Scheuten Solar

Vekoma

Verum Software Technologies

Zinvest Fashion Group

Toychamp Belgium

Work highlights

  • Appointed as trustees in the Favini Paper Factories bankruptcy case.
  • Assisted Zinvest Fashion Group with a pre-pack restructuring procedure.
  • Assisted with the sale of the main assets and the activities of Scheuten Solar Group to a Chinese manufacturer of solar panels following its bankruptcy.  

Buren

Buren's 'very well informed' team consists of 'great advisers' who assist listed and non-listed global companies, and international trustees. Martijn Vermeeren, 'a very good professional with much experience in healthcare cases', demonstrates his sector expertise in several matters involving advising hospitals on suspension of payment requests. Both Vermeeren and his co-head Pieter van den Berg are frequently appointed as trustees or administrators in insolvency matters. Senior associate Laurens Prickartz is also recommended.

Practice head(s):

Martijn Vermeeren; Pieter van den Berg

Testimonials

Great company to work with. Even under great pressure the quality, communication and personal relationship is excellent.

Hands on mentality, no nonsense. They keep calm and are great advisers in a stressful environment and at stressful times.

Buren has a very good team headed by Martijn Vermeeren. They are very well informed in the healthcare cases in which I have worked together with them in my capacity as bankruptcy trustee of their client Slotervaart hospital.

Martijn Vermeeren is a very good professional with much experience in healthcare cases, he is trustee of a hospital in Spijkenisse. Peter Rijken is also a very talented adviser/trustee. They have a very good reputation.

Key clients

Slotervaartziekenhuis B.V.

MC IJsselmeerziekenhuizen B.V.

Blokker B.V.

Cursum B.V.

Energyra B.V.

UF de Schilde B.V.

Taxi de Roo B.V.

Mooy Logistics B.V.

Mooy Beheer B.V.

1dayfly.com

Etam Group

Ruwaard van Puttenziekenhuis

Work highlights

  • Successfully advised Cursum, resulting in the client receiving payment for services rendered to the bankrupt company Intertoys.
  • Assisted Energyra on its slide into insolvency by requesting a suspension of payments.
  • Appointed as a trustee in the bankruptcy of Mooy Logistics.

HVG Law LLP

The team at HVG Law LLP advises on the full range of restructuring and insolvency matters, from corporate restructurings, to assisting with the sale or purchase of one or more parts of a distressed business in or outside of a bankruptcy situation. The practice has a particular expertise in the retail, life sciences, energy, and real estate sectors. Core team members include Jan Padberg, Johan Westerhof and Robin de Wit, all of whom are regularly appointed to act as trustees and administrators in insolvency proceedings.

Practice head(s):

Jan Padberg; Johan Westerhof

Key clients

TravelBird

Joost

Zorgt

Administrators of Nortel Networks

Koopjedeal

M.J. Weerman Bloemengroothandel

Work highlights

  • Assisted Koopjedeal with its winding up, including handling the negotiation and subsequent sale of the business.
  • Acted as a trustee of the Joost Zorgt group, a homecare organisation.
  • Acted as bankruptcy trustee for client TravelBird.

Simmons & Simmons

The 'highly motivated and engaged' team at Simmons & Simmons makes an 'ideal sparring partner'. The firm assists both banks and corporate entities with restructurings, workouts, and liquidations, as well as representing clients in insolvency disputes. 'Sharp analytical lawyer' Erwin Bos , who is 'capable of rendering quick answers and results', advises various stakeholders, including creditors, management, shareholders and potential purchasers and investors, focusing particularly on the healthcare sector. Jeroen Bos has significant experience in asset backed finance, and distressed portfolio sales.  

Practice head(s):

Erwin Bos; Jeroen Bos

Testimonials

Highly motivated and engaged.

Knowledge of the market, short lines of communication, ideal sparring partner.

Erwin Bos is a sharp analytical lawyer, capable of rendering quick answers and results.

Key clients

Sint Maartenskliniek

ING Bank

NN Investment partners

Coty

Deutsche Bank

ABN AMRO

Davidson Kempner

Rabobank

Work highlights

  • Advising a professional beauty products supplier on the restructuring and bankruptcy of a chain of 60 hair salons in The Netherlands and Belgium.
  • Represented ING Bank in the €45m insolvency proceedings of the Slotervaartziekenhuis, a major Amsterdam based hospital.
  • Assisting a healthcare provider, as a joint venture partner, with the restructuring of a Dutch hospital.

Windt Le Grand Leeuwenburgh

The 'seasoned practitioners' at Windt Le Grand Leeuwenburgh 'come up with solutions and ideas that not everyone could have imagined'. The team handles restructuring instructions from creditors and debtors alike, as well as assisting with distressed M&A. The practice's client list spans the energy, retail, healthcare, transport, shipping and education sectors. 'Well respectedMarcel Windt, who heads the practice along with Ruben Leeuwenburgh and Richard le Grand, acts as an administrator in multiple insolvency cases, including that of KPNQwest, which involved a D&O liability lawsuit.

Practice head(s):

Marcel Windt; Ruben Leeuwenburgh; Richard Le Grand

Testimonials

Great guys in the Rotterdam region, seasoned practitioners.

Marcel Windt: well respected very senior partner with excellent standing. Michiel Bindels: silent force behind the partners, excellent legal skills and good and efficient negotiator.

I find the team thorough and very professional. They know exactly what they are talking about and go to the extreme for their customers.

We worked together with Ruben Leeuwenburgh and Lisette Smits van Oyen. They come up with solutions and ideas that not everyone could have imagined for us. They keep pace in the process so that no delays occur.

Key clients

Steinhoff International Holding N.V.

Varova Fashion Group B.V.

AMST

Municipality of Enschede

De Hoop Terneuzen

Court of Haarlem – KPNQwest N.V.

District Court of Rotterdam – Enron Power B.V.

District Court of Rotterdam: VLM Airlines

Enterprise Chamber of the Amsterdam High Court – Leaderland TTM entities

District Court of Rotterdam – Ulstein subsidiary

Rabobank

Men at Work

European Care Residences and Resorts

SNTR

Work highlights

  • Acting for a group of lenders in the ongoing restructuring of Steinhoff International.
  • Acting as administrator in the insolvency proceedings of KPNQwest.
  • Acting for creditor Rabobank in litigation brought against Le Coq Sportif, arising from a bankruptcy in the Dutch retail sector.