Restructuring and insolvency in Netherlands

A&O Shearman

The ‘diverse and committed’ restructuring and insolvency offering at A&O Shearman is well-regarded for its ‘hands-on mentality and an ability to simply get things done’. The team has a strong reputation for its capabilities handling the array of work, including advising on the restructurings and workouts of companies in financial distress, and on the structuring of new deals. The matters the team works on are frequently international in context and involve ultra-high-values, while its client portfolio features well-known companies, private equity investors, and financial institutions. The group is headed up by Sigrid Jansen, who is described as being ‘strong commercially’ and has particular expertise in corporate finance, secured lending and distressed debt trading work. The ‘swift and to-the-point’ Aroen Kuitenbrouwer is a key practitioner in the team, as is cross-border work focused Andrew ThomasDuco Postma departed to Dentons in September 2023.

Practice head(s):

Sigrid Jansen

Other key lawyers:

Aroen Kuitenbrouwer; Andrew Thomas; Sophie Chamberlin; Kelly Visser-van der Vooren; Geza Orban


‘Sigrid Jansen, Kelly Visser-van der Vooren and Aroen Kuitenbrouwer are dedicated and good at discussing best options.’

‘The team has a hands-on mentality and an ability to simply get things done. Their swift and clear advice strongly supports our decision making. They provide comprehensive advice across various disciplines which is very valuable.’

‘Aroen Kuitenbrouwer is able to advise in a swift and to-the-point fashion. Sophie Chamberlin is an outstanding lawyer with a strong and efficient work attitude.’

Key clients

Vroon Holding B.V.

IHC Merwede Holding B.V

Damen Shipyards Group N.V.


AS Adventure

Koninklijke Wagenborg B.V.

Work highlights

  • Advising Vroon Group B.V. and Lamo Holding B.V. on the corporate and financial restructuring of the Vroon Group.
  • Advising IHC Merwede Holding in relation to the restructuring of their €1.1bn syndicated facilities agreement (which is partially ECA backed), which has been provided by a syndicate of 9 banks.
  • Advising the lenders in relation to the restructuring of Damen Shipyards, involving, among others, its senior and working capital facility agreements.

Clifford Chance

The ‘well-informed’ and ‘dedicated’ restructuring and insolvency team at Clifford Chance has strong expertise handling the gamut of complex matters for its diverse roster of clients. ‘Safe pair of hands’ Ilse van Gasteren and Jelle Hofland, who is well-regarded for his ‘realistic and pragmatic view of matters’, co-lead the practice. Gasteren also co-heads the broader continental Europe practice for the firm. The team is well equipped to advise financial institutions, investors and borrowers on the array of work in both domestic and international contexts, which consistently involve values in the multi-millions. Specialist counsel Evert Verwey is noteworthy for his work in Dutch scheme proceedings, high-profile bankruptcy, and restructuring mandates. Financial disputes-focused associate Sander Hendrix is also a name to note.

Practice head(s):

Ilse van Gasteren; Jelle Hofland

Other key lawyers:

Evert Verwey; Sander Hendrix


‘A high-end law firm with a broad scope of practices. It is also gender diverse at all levels.’

‘Jelle Hofland is a great, highly involved partner with a realistic and pragmatic view of matters and a good understanding of the business within our group of companies. He is also very easy to approach.’

‘Evert Verwey assisted with initiating the new Dutch scheme which led to restructuring outside of bankruptcy. Due to his technical and litigation knowledge Evert has been able to guide us through troubled waters in a very professional manner.’

‘The team is dedicated to the success of the project as a whole. They are well-informed, which leads to seamless transitions. They collaborate well together across multiple disciplines and service areas.’

‘They took ownership and were proactive in moving things forward. They have a respectful attitude to the counterparty and understand the value of good interpersonal relationships.’

‘Ilse van Gasteren and Evert Verwey supported us in a big bankruptcy. We highly appreciated their availability, support and knowledge. A safe pair of hands.

‘Ilse communicates in a clear and to-the-point fashion, which is very welcome in intense and time consuming processes. ’

Key clients



ING Bank N.V.

Hemisphere International Properties B.V.,

BNP Paribas N.V.

Deutsche Bank AG, Amsterdam

P Capital Partners AB (“PCP”)

Damen Shipyards Group

Pon Holdings

Otravo Topholding BV

Xebec Adsorption Inc.

PNC Financial Services UK Ltd.

Work highlights

  • Advised the senior lenders in connection with the restructuring of CleanLeaseFortex.

De Brauw Blackstone Westbroek

De Brauw Blackstone Westbroek‘s restructuring and insolvency practice is headed up by the ‘creative and solution-minded’ Ferdinand Hengst who splits his time between the firm’s Amsterdam and London offices. Former co-lead of the team Reinout Vriesendorp retired from in May 2023. The group's workload consists of advising well-known clients on the plethora of high-value and ultra-high-value insolvency work and through its accompanying processes, in both domestic and cross-border contexts. It is regarded as ‘the go-to practice for international bet-the-company restructurings’, with a client roster that features names from various industries. Bas Boutellier was notably promoted to partnership in January 2023; specialist counsel Matthias Haentjens joined the team in the same month.

Practice head(s):

Ferdinand Hengst

Other key lawyers:

Bas Boutellier; Jeroen van der Schrieck; Matthias Haentjens


‘We have a longstanding relationships with the team.’

‘Ferdinand is creative and solution-minded without losing the interest of his client.’

‘Ferdinand Hengst is great. Really approachable, commercial and diligent.’

‘The go-to practice for international bet-the-company restructurings. Once engaged, they are fully dedicated to bringing restructurings to a good end.’

‘Very capable of dealing with politically sensitive matters. They have strong international capabilities, great effectiveness and provide full-service cooperation – these attributes are unique in the Dutch market.’

‘Ferdinand Hengst is a very bright, business savvy lawyer who is well-versed to take a helicopter view and deal with all aspects of the matter at hand, including issues of a non-legal nature. ’

Key clients


Royal Philips N.V.

Cineworld plc

The Hertz Company

Unilever plc

Jet Airways

The Central Bank of Curacao and Sint Maarten

ING Bank

Nordea Bank SA

Credit Suisse Brazil (Bahamas) Ltd

Providence Equity LLP

Centerbridge Partners

Bonprix Fashion

Otto Group Germany

Waterland Private Equity

IHC Merwede




Korean National Oil Company


The Dutch National Railway (NS)

Work highlights

  • Advised on the restructuring initiative and accompanying processes for HEMA together with Goldman Sachs; HEMA’s bond debt was reduced from €750m to €340m, its debt maturity profile extended and its debt services costs reduced significantly.
  • Advised on Diebold Nixdorf group’s extensive restructuring by way of Chapter 11 proceedings in the US and WHOA proceedings in the Netherlands, and the first-ever recognition of the WHOA plan in the US under Chapter 15.
  • Acting for CBCS in the entire spectrum of this cross-border restructuring work; following the sale of Banco di Caribe in an M&A auction, extensive negotiations were initiated with the government about a bail-in package.


Houthoff‘s restructuring and insolvency team has strong capabilities handling the broad range of matters for its clients, including advising on the complex restructuring schemes of multi-million euro companies; on suspension of payments matters; and on the distribution of high-value interest claims to high numbers of creditors in multi-party cases. At the team’s helm is ‘trusted partner and impressive negotiator’ Christiaan Zijderveld, who is well equipped to advise clients on the array of distressed situations. Frédéric Verhoeven is another noteworthy practitioner in the team with a banking and finance specialism and particular experience in cross-border matters. David Heems is focused on the full-range of contentious work in relation to insolvencies, while senior associate Karien van Boekel is noted as being ‘a reliable expert in her field’.

Practice head(s):

Christiaan Zijderveld

Other key lawyers:

Frédéric Verhoeven; Joost den Hollander; David Heems; Philip van der Eijk; Karien van Boekel


‘A dedicated and diverse team with key expertise, that go the extra mile and seamlessly work together. They are pragmatic and business-oriented.’

‘Christiaan Zijderveld is an expert – collaborative and solutions-oriented with very good business sense. He is a pragmatic team player who goes above and beyond – a trusted partner and impressive negotiator.’

‘Philip van der Eijk is a trusted advisor and good communicator with an ability to manage complex cases. Karien van Boekel is professional, dedicated and gets things done – a reliable expert in her field.’

‘Houthoff’s practice is one of the best regarded in the Netherlands – they are creative and understand the business.’

‘Christiaan Zijderveld is creative and great to work with. Frédéric Verhoeven is able to align parties with opposing interests.’

‘A truly joined up team which through its composition and leadership performs highly, which results in comprehensive, powerful and robust solutions to our sometimes complex restructurings.’

‘David Heems stands out in his approach combining a holistic, architectural method, which ensures that all angles are covered.’

‘Frédéric Verhoeven and Christiaan Ziderveld are intelligent, resourceful and a pleasure to work with.’

Key clients

teinhoff International Holdings N.V.

Fortenova Group

HPS Investment partners LLC

Loyalty Ventures Inc.

Brand Loyalty Group

BC Partners

Dümmen Orange

DSB Bank

Lehman Brothers

Goldman Sachs

ING Group



Supervisory Board Imtech

Sogestran Shipping



Time Bio Ventures


Bomo (Hotels van Oranje)

Directors of Fortress Group

Lumileds Group

Work highlights

  • Advising HPS ($95bn under management) in multiple proceedings against Sportcity, a major Dutch gym chain to which HPS financed €130m, following Sportcity’s court approval restructuring scheme, for not properly reporting or accounting their figures.
  • Advised joint administrators in the suspension of payments (SoP) of Steinhoff International Holdings N.V. (SIHNV) – the total estimated debt (consolidated) was greater than €15bn.
  • Advising DSB Bank in a successful offering of a composition plan to a committee of representatives, involving the €650m distribution of post-bankruptcy interest claims to more than 280,000 creditors.

Loyens & Loeff

Implementing composition plans through suspension of payment proceedings, advising on high-value bankruptcies and handling negotiations involving in high-stakes restructurings are all key areas of focus for the ‘top-notch’ restructuring and insolvency team at Loyens & Loeff, which is noted as going ‘above and beyond to deliver’. The team has a strong reputation for its abilities advising groups of creditors as well as groups of lenders in their best interests in various high-value restructuring scenarios, in both national and international contexts. Team head Vincent Vroom is noted as being ‘a leader in Dutch insolvency with broad corporate expertise’. Senior associates Joris Dunki Jacobs and Kim de Bruijn are key members of the cohort who specialise in related contentious and risk management work.

Practice head(s):

Vincent Vroom

Other key lawyers:

Michael Scott; Kim de Bruijn; Joris Dunki Jacobs


‘One of the leading independent R&I practices in the Netherlands.’

‘Vincent Vroom and Kim de Bruijn are both excellent. Responsive, commercial, experienced, knowledgeable and detail-orientated.’

‘Loyens & Loeff has been a prime resource for us in the restructuring space – it is top-notch Dutch firm with broad expertise, and always one of our first ports of call for legal advice in the Netherlands.’

‘Vincent Vroom, who I have known for years, is a leader in Dutch insolvency with broad corporate expertise. He’s always available, and if he doesn’t have the answer to hand, he will find colleagues who do.’

‘User-friendly and responsive. Unlike many, they understand the needs of the clients and are willing to go above and beyond to deliver.’

‘Michael Scott is fantastic.’

Key clients

The Learning Network

Orpea S.A.

Glas Trust Corporation Limited (as security agent for IHC)

Scotch & Soda

Invacare corporation

Work highlights

  • Advised an ad hoc group of financial creditors of the Steinhoff group on the group’s restructuring through WHOA proceedings.
  • Advised an ad hoc group of financial creditors of the Frigoglass group on the group’s restructuring by means of Dutch share pledge enforcement with the Netherlands Commercial Court.
  • Assisted an ad hoc group of lenders on the restructuring of the Lumileds group, which was implemented through US Chapter 11 proceeding.


The restructuring and insolvency group at NautaDutilh is regarded as being formed of ‘leaders in the field’. The practice assists reputable clients in the array of complex matters, from high-value restructurings to wind-downs. Its work includes guiding its clients through the range of high-stakes distressed circumstances. Robert van Galen has a particular focus on cross-border issues therein, which are a key specialism of the team, whilst practitioner Barbara Rumora-Scheltema has impressive expertise in both litigious matters and non-contentious negotiations. Teun Struycken advises sponsors, lenders and borrowers in the array of cases. At the team’s helm is the ‘technically excellent’ Marc Orval, while senior associate Saskia Heumakers is developing a focus on asset-based lending matters alongside cases involving various financing arrangements.

Practice head(s):

Marc Orval

Other key lawyers:

Catrien Rozeman; Robert Woudenberg; Robert van Galen; Teun Struycken; Barbara Rumora-Scheltema; Jinne van Belle; Saskia Heumakers; Lenneke de Baar


‘Knowledge of the industry, communication and negotiation skills, as well as good availability and a proactive approach.’

‘Marc Orval, Teun Struyken, Jinne van Belle, Saskia Heumakers and Lenneke de Baar are easy to approach, good communicators and have supported us in negotiating good results. The short lines of communication sets them apart.’

‘They have shown excellent knowledge of our industry and creativity to develop solutions in often complex situations.’

‘We love to work with Teun Struycken.’

‘The Nauta team are truly leaders in the field, and widely considered so. They have been involved in the leading cases, in particular recently with the new WHOA proceeding, and they take commercially sensible views on difficult issues.’

‘They are a pleasure to work with, from senior partner to junior associate level, and they are all client facing and good presenters. I have been particularly impressed with the team’s responsiveness, often on expedited timelines with complex issues.’

‘Marc Orval is technically excellent and his views are considered and well-presented. Teun Streuyken is a statesman and has real gravitas – particularly important when guiding clients through challenging moments on a matter.’

‘Saskia Heumakers is not only very smart but is also responsive, commercial and client facing.’

Key clients


BNP Paribas


DBS Bank Ltd

Deloitte Accountants

Deutsche Bank


Forever 21



Liberty Mutual


McDermott International Inc.

Maersk Supply Services

Nordic Trustee

Odeon Cinemas Group Limited (AMC Entertainment)

Partners Group


Schoeller Allibert

Scotch & Soda

SGB-Smit Group

The Learning Network

Work highlights

  • Assisted a syndicate of banks in connection with the financing of Royal IHC, implemented through a Dutch Scheme of Arrangement.
  • Assisted the agent and lenders with a potential enforcement scenario in view of the upcoming maturity date of certain credit facilities regarding the SGB Smit group.
  • Assisted Bluestar Alliance with the acquisition of the Scotch & Soda brand and other assets out of bankruptcy, which allowed Scotch & Soda to continue in key markets and for many employees to retain their jobs.


At the helm of CMS‘ restructuring and insolvency team are banking and finance specialist and court-appointed bankruptcy trustee Marc van Zanten, and Marcel Groenewegen who is a court-appointed administrator in suspension of payments matters, a silent trustee in pre-pack scenarios and a trustee in bankruptcy proceedings with particular expertise in cross-border matters. The group is well-regarded for its unwavering commitment to getting the job done’. Van Zanten and Groenewege are supported by specialist practitioner Marlous de Groot, who has a particular specialism advising banks, creditors, as well as factoring and lease companies on the array of insolvency work.

Practice head(s):

Marc van Zanten; Marcel Groenewegen

Other key lawyers:

Marlous de Groot


‘CMS are a pleasure to work with. The team has an unwavering commitment to getting the job done. Besides their outstanding market knowledge, legal expertise and creativity, they were a real support in difficult times. Their ability to act with confidence was powered by their ideas and honest advice – advice that was attuned to the context and made a real difference to the overall outcome.’

‘In summary, CMS’ strengths lie not only in their deep legal expertise but also in their dedication to understanding their clients’ specific needs. Potential clients can trust CMS to provide unparalleled legal solutions and truly care about their success.’

‘The CMS team members and partners are sincerely involved in the deal. They are always available, but above all proactively present. Without taking over the wheel, they smoothly steer the process in the right direction. This ability comes from being truly present as people.’

‘Good quality, responsive, and a pleasure to work with – they perform well and have a good attitude in court.’

‘Marlous de Groot is very good.’

‘A hands-on team.’

‘Marlous de Groot and Marc van Zanten are noteworthy practitioners.’

‘The partner we worked with had broad experience and excellent knowledge. He was not only technically strong, but he had also a good feeling for relations and what potential harm could be done when putting certain actions in place.’

Key clients

Bosman Gezondheidszorg Groep B.V.

J.M. Levarht & Zonen B.V.

Taste Productions B.V.


Official receivers of the Thomas Cook Group (in bankruptcy)

MC Slotervaart

Work highlights

  • Acted as trustee in the bankruptcy of J.M. Levarht & Zonen B.V.
  • Appointed as trustee in the bankruptcy of Swets & Zeitlinger Group and its 30 domestic and foreign subsidiaries.
  • Advised on the restructuring of the Dokter Bosman group.

DLA Piper

DLA Piper‘s ‘strong and pragmatic’ restructuring and insolvency group is well known for its capabilities handling the plethora of restructuring and insolvency matters, including advising on complex, cross-border business restructurings and related business acquisitions. Additionally, the group is equipped to advise its clients, who span industry sectors from oil, gas and energy, to retail, on high-stakes bankruptcies and the array of proceedings therein. The team is part of the firm’s wider finance, projects and restructuring department, and is led by Marc Molhuysen. Promotions in the team include that of Wilmy Westerhof to legal director, and of Olmo Weeshoff to senior associate, both in July 2023.

Practice head(s):

Marc Molhuysen

Other key lawyers:

Wilmy Westerhof; Olmo Weeshoff


‘A strong and pragmatic team who prefer to resolve issues in a commercial way instead of taking litigious routes, where possible. They are very strong on the legal side but also a very good sense of commerciality.’

‘Very pleasant to work with.’

Key clients



Deutsche Bank

European Bank of Reconstruction and Development

ING Bank

Instabox Group

Opportunity Partners

Standard Investment

TriplePoint Capital

UGI Corporation

Work highlights

  • Advising on the restructuring of DVEP (De Vrije Energie Producent).
  • Advising Opportunity Partners and Rabobank on the controlled bankruptcy process and subsequent acquisition of the GreenMo business from the GreenMo group’s bankruptcy estate.
  • Assisting the largest secured lender of VanMoof in VanMoof’s international restructuring and bankruptcy.


Florent‘s restructuring and insolvency cohort is well equipped to handle complex bankruptcy proceedings for its array of well-known clients, for which the team often acts in cross-border matters. The practice is co-led by Hanneke De Coninck and Kees van de Meent; both are described as being ‘extremely skilled, straight to the point and pleasant to work with’ and both are also court-appointed insolvency trustees. Senior associate Joris Opstroom and disputes specialist associate Merijn Moeliker are noteworthy team members.

Practice head(s):

Hanneke De Coninck; Kees van de Meent

Other key lawyers:

Joris Opstroom; Daphne Beunk; Jurgen van den Heuvel; Merijn Moeliker


‘Have had several cross-border cases with them and they always deliver great results on time.’

‘Hanneke De Connick and Kees van de Meent are both extremely skilled, straight to the point and pleasant to work with.’

‘Within the Netherlands, Florent has one of the largest insolvency departments with court-appointed trustees. A wealth of experience combined with a hands-on approach.’

‘Kees van de Meent is well-known as court appointed trustee and is absolutely the go-to for companies in financial difficulties with a great strategic approach. Daphne Beunk has a profound knowledge of the EU insolvency regulations. Jurgen van den Heuvel and Merijn Moeliker are both knowledgeable and extremely dedicated.’

‘Florents’ restructuring and insolvency practice is one of the outstanding practices in the Netherlands in this field. Kees van de Meent comes highly recommended and is one of the top practitioners in the field for the very larger complex restructuring and insolvency matters.’

‘Kees van de Meent is highly experienced and has contacts everywhere – the Dutch leader, even in the niche areas of asset tracing and recovery.’

‘Working with Kees van de Meent is a pleasure. He is knowledgeable, practical and always available to assist.’

‘Excellent advisor, Florent is an expert in all matters around insolvency. With their in-depth knowledge working as a trustee, Florent is able to advise on all relevant aspects.’

Key clients

Crystal River Cruises


FNG group of companies

Theo Henkelman Schoenen B.V.

Only A Shoes B.V.


La Place

Exem Energy

Thomas Cook Nederland B.V.

Van der Moolen

Integrated Green Energy

Amsterdam B.V.

Work highlights

  • Acting as court-appointed bankruptcy trustee of Exem Energy B.V. and more recently Exem Oil & Gas B.V.
  • Acting as trustees in the bankruptcy proceedings for V&D, the renowned and iconic chain of department stores in the Netherlands, and for La Place, the renowned and iconic chain of restaurants in the Netherlands, Belgium, Germany, Bali and the US.
  • Appointed as trustee in the bankruptcy proceedings for Thomas Cook Nederland B.V.

Freshfields Bruckhaus Deringer

The ‘capable, sharp and practical’ restructuring and insolvency group at Freshfields Bruckhaus Deringer is renowned for its capabilities advising its roster of key clients, on the gamut of related matters. Its workload consists in large part of cases including large-scale and high-value company restructurings, distressed sales and acquisitions in multi-jurisdictional contexts. ‘Solutions-oriented and versatile’ team lead Michael Broeders is particularly adept at handling high-profile mandates and has a particular strength in emergency financing litigation matters. Specialist in corporate disputes work Mijke Sinninghe Damsté bolstered the practice with her May 2023 arrival from Loyens & Loeff‘Excellent senior associate’ Tim Elkerbout sports expertise in transactional work.

Practice head(s):

Michael Broeders

Other key lawyers:

Mijke Sinninghe Damsté; Tim Elkerbout


‘Very knowledgeable; practical; willing to adapt to the clients’ wishes; and capable.’

‘Michael Broeders is a great team leader. Tim Elkerbout is an excellent senior associate who works independently, makes great judgement calls and is committed and fun to work with.’

‘Michael Broeders and his team are very capable, sharp and practical.’

Key clients

Hes International

HAL Investments B.V.


China Tianying





NPM Capital


Infinitas (Noordhoff)

Work highlights

  • Advised HAL Investments on the restructuring of Royal IHC and the acquisition by HAL Investments of Royal IHC’s subsidiary IQIP Holding through the Dutch Scheme.
  • Advised the security agent and the guarantee providing lenders in the bankruptcy of Royal Imtech.
  • Advised HES International and the former directors of its subsidiary HES Hartel Tank Terminal, which entered into bankruptcy proceedings in January 2023.

Norton Rose Fulbright

The ‘exceptionally good’ Omar Salah heads up the restructuring and insolvency practice at Norton Rose Fulbright which is well regarded for its abilities advising on the remit of complex matters. Its client portfolio features a plethora of well-known banking institutions. The team has impressive expertise advising such lenders on high-stakes restructuring processes, frequently involving values in the multi-millions and multiple jurisdictions. Salah is supported by the firm’s project finance specialist Wouter Hertzberger.

Practice head(s):

Omar Salah

Other key lawyers:

Wouter Hertzberger; James Stonebridge; Rachid Chetouani


‘The Norton team was fully dedicated to our case, never stopped working hard and provided good advice throughout our case which came to a happy end. Their dedication was key.’

‘Omar Salah has, on top of an excellent knowledge of the law, a sense of the right strategy and tactics to follow. The combination of legal expertise and anticipation of situations makes Omar an excellent partner in litigation.’

‘Helpful and dedicated.’

‘The team has a variety of knowledge and skills covering several areas within the restructuring and insolvency realm. Not only do team members have extensive knowledge of relevant Dutch law provisions and regulations but they can also familiarise themselves with legislation pertinent to other jurisdictions in various sectors, where necessary.’

‘Omar Salah is a standout partner who has a remarkable ability to place himself in the shoes of all parties involved and understand the context of the situation.’

‘Rachid Chetouani is noteworthy for his dedication and enthusiasm – he leaves no stone unturned.’

‘Omar Salah is exceptionally good – he combines technical and commercial strength.’

‘A very professional team with great knowledge and experience.’

Key clients




Banco Santander S.A.

Bank of America, N.A.

BNP Paribas

British Petroleum

Danish Ship Finance


DVB Group Merchant Bank (Asia) Ltd.

GFG Alliance

GLAS Trustees Limited


ING Bank N.V.

Intertrust Nederland B.V.


Goldman Sachs

Nordic Trustee AS

Pareto Bank ASA




Stichting Uniconsult

Trustee of Lehman Brothers Inc.


Work highlights

  • Advising the dissenting lender group in the €950m restructuring of Royal IHC.
  • Advised 15 lenders in the €875m restructuring of the Vroon Group.
  • Advised the international syndicate of banks in the bankruptcy of HES Hartel Tank Terminal.


Stibbe‘s restructuring and insolvency group is well equipped to advise its client roster of high-profile borrowers and lenders on the plethora of complex work. The team is noted as harnessing ‘real depth of experience in the restructuring sphere’; its workload features a broad range of work, from advising on high-value recapitalisations and high-stakes bankruptcies to assisting clients in relation to their compliance with relevant case law. ‘Brilliant lawyer’ Rein van Helden, who splits his time between London and the Netherlands, is key to the practice, which is led by Job van Hooff who has particular expertise advising on cross-border financial restructurings, including schemes of arrangement and distressed transactions. Counsel Daisy Nijkamp is experienced in related contentious work.

Practice head(s):

Job van Hooff

Other key lawyers:

Rein Van Helden; Daisy Nijkamp; Marleen Jonckers; Jeltje Straatman; Gertjan Boekraad


‘The Stibbe team has real depth of experience in the restructuring sphere which allows them to advise in a clear and commercial manner and find the best possible solutions for their needs. They span the range of practices needed in restructuring, namely finance, corporate, and litigation, and have always fielded a strong team.’

‘Rein Van Helden is a brilliant lawyer who has a commercial manner and a great eye for detail. He is a pleasure to work with and always delivers a top-quality product.’

‘Job Van Hoof has particular expertise on the more technical side of restructuring law; staying on top of a rapidly-changing legal landscape and always able to translate changes and developments into clear strategies for clients.’

‘Daisy Nijkamp is a great lawyer, and an asset to the team. She is experienced, calm and client-focused.’

‘A very responsive and adaptable team, willing and able to coordinate across jurisdictions and adapt appropriately.’

‘Job van Hooff is excellent, confident and compelling in court and in giving steady, measured advice even against the odds. He is ably supported by a very diligent team in Marleen Jonckers and Jeltje Straatman.’

Key clients

Amsterdam Trade Bank N.V.

Warmtebedrijf Rotterdam

Dutch State

DAMCO Aluminium Delfzijl Coöperatie U.A. (“Aldel”)


Getronics (Digitran Innovations B.V. and PomGen Holdings B.V.)

Court appointed administrator Enerray DT B.V.

Creditors of Diebold Nixdorf

Origin Materials

Work highlights

  • Advised the Amsterdam Court as bankruptcy trustees of Amsterdam Trade Bank.
  • Advised Frigoglass on the consensual recapitalisation and €325m financial restructuring of Frigoglass S.A.I.C. and the group of companies formerly controlled by it.
  • Advised a group of lenders, including Barclays, on the consequences of the Chapter 11 filing by Cineworld.

Van Doorne

Van Doorne‘s restructuring and insolvency group is led by Stefan van Rossum who has impressive experience advising on the gamut of complex cases on the side of both lender and borrower clients. The team handles the array of acquisition and restructuring work, and its matters are frequently of high-value and involve multiple jurisdictions. Jelmer Baukema, who has a focus on advising namely financial institutions on financing and restructuring transactions, was notably promoted to partnership in January 2023, as was ‘very good practitioner’ Joost Volkers, who has developing expertise in litigious contexts.

Practice head(s):

Stefan van Rossum

Other key lawyers:

Jelmer Baukema; Joost Volkers


‘A very professional and responsive team.’

‘Joost Volkers is a very good practitioner.’

Key clients


Argentem Creek Partners



Fidera Vecta

King Street

Madison Pacific

Merced Capital


Nordic Trustee


Vue Cinemas

Waarborgfonds Sociale Woningbouw

Wilmington Trust

Work highlights

  • Advised Vue Cinema on its £1.1bn financial restructuring.
  • Advised the Security Agent on the €295m financial restructuring of Frigoglass through the enforcement of a Dutch law share pledge.
  • Advised Merced Capital on the financial restructuring of Telford Offshore.

Wijn & Stael Advocaten N.V.

The Utrecht-based restructuring and insolvency group at Wijn & Stael Advocaten N.V. is adept at handling the range of related matters in both domestic and international contexts; such matters frequently involve high values. Its varied client list features those from sectors ranging from telecoms and retail, to healthcare and tech. The practice is overseen by a multitude of specialists, being financial specialist Noor Zetteler who frequently advises clients on liability issues and internal investigations matters, Willem Jan van Andel, Remco Vermaire, who provides ‘tailor-made’ advice, and Robert van Faassen. Anne Mennens is a key associate in the team.

Practice head(s):

Noor Zetteler; Willem Jan van Andel; Remco Vermaire; Robert van Faassen

Other key lawyers:

Inge Lok; Anne Mennens


‘Personal style, work efficiency, and an in-depth knowledge of the subject are what make the team stand out.’

‘Knowledgeable and experienced, with excellent communication skills and case understanding.’

‘Inge Lok and Remco Vermaire communicate in a straightforward way and fulfil client needs appropriately and in a tailor-made fashion.’

‘The team has excellent knowledge of collateral and property law, insolvency law, and corporate law. They are eminently qualified to advise banks and enterprises on issues concerning companies in difficulty. They also have an excellent knowledge of WHOA.’

‘The partners and staff involved are client focused. This, combined with high-quality knowledge and experience, ensures that files are handled quickly and efficiently.’

‘Noor Zetteler is outstanding – not only is she very knowledgeable in all respects, she also really enjoys her job and brings great energy to restructuring projects.’

Key clients


Rabobank (Eurocommerce)


Phone House

Montagny B.V.


Bijzonder Zorg Midden-Nederland (BZMN)


Work highlights

  • Acting as trustee to administer the insolvency of Conservatrix.
  • Advised on the restructuring, and the enforcement of the secured position of the Dutch Investors and the eventual relaunch of Lightyear.


The ‘practical, swift and experienced’ Rotterdam-based Fouad el Houzi is a key practitioner in AKD‘s ‘knowledgeable and committed’ restructuring and insolvency group, with particular expertise handling the array of related disputes including debt restructurings and corporate distress matters. The team is well equipped to act in high-profile bankruptcies for its varied portfolio of clients, and is headed up by Barend de Roy van Zuidewijn. Paul Peters and Thijs Hekman are also noteworthy members of the team.

Practice head(s):

Barend de Roy van Zuidewijn

Other key lawyers:

Fouad El Houzi; Thijs Hekman; Paul Peters


‘Knowledgeable and committed.’

‘Fouad El Houzi is a real wizard when it comes to guiding clients trough the difficult Dutch insolvency landscape. His approach and advice are very strong.’

‘A hands-on mentality.’

‘Fouad El Houzi is practical, swift and experienced.’

‘A strong bankruptcy receiver practice, which has the capacity to deal with the larger types of matters.’

‘Fouad El Houzi is doing a very good job.’

‘Fouad El Houzi is thorough lawyer, a very practical bankruptcy receiver and a very pleasant person to work with. He is clear in setting the scene and also paying attention to different views of the stakeholders.’

‘The team at AKD has a high degree of specialism and focus on restructuring and insolvency which results in an excellent service in this area.’

Key clients

Bankruptcy trustee of Royal Imtech N.V. and its group companies

Intimus International Netherlands BV

Cerberus Capital Management LP

Ortolan Nederland Credit Oplossingen GmbH

Svenska Handelsbanken AS

Centraal Beheer Achmea

Crowe PEAK

Libyan Foreign Bank

Dutch water authorities

Port Authorities of Rotterdam (Havenbedrijf Rotterdam)

Suspension of payment (administrator) of Amora BBW group

Work highlights

  • Acting as the trustee in the high-profile bankruptcy of Royal Imtech N.V. and several of its subsidiaries.
  • Assisting in several pending litigation cases on behalf of Cerberus, regarding the acquisition of the non-performing loan portfolios acquired from Van Lanschot.
  • Acting as trustee in the bankruptcy of Intimus International Netherlands B.V.

Boels Zanders Advocaten

Boels Zanders Advocaten‘s restructuring and insolvency team is experienced advising its client list on the range of work. The team is overseen by frequent court trustee Jeroen Bakkers from the Venlo office; Peter Brouns and Remco Rosbeek from Maastricht; and Eindhoven-based Flip Schreurs. The team frequently works as insolvency trustee for well-known national corporations and additionally supports its clients through administration proceedings.

Practice head(s):

Jeroen Bakkers; Peter Brouns; Remco Rosbeek; Flip Schreurs

Other key lawyers:

Ralph Geelen


‘Big organisation with different disciplines in house; close to the customer; understanding customer needs; clear and transparent digital invoicing; full access for customer.’

‘Down-to-earth, easy to understand, business-oriented with the right balance for legal.’

Key clients

Feeture Foodcare Group

Arbor Projects BV

Golfbaan Echt-Susteren BV

Marsna Paper

Just Welness

Componenta BV

Brabant Alucast The Netherlands site Heijen BV

Lips Group

Work highlights

  • Acted for Feeture Foodcare Group in a trustee capacity.
  • Acting for Brabant Alucast in a trustee capacity.
  • Acted for Lips Real Estate Group in a trustee capacity; the company has outstanding loans of over €650m.


The Hague-based practice at Buren is well known for its capabilities assisting with matters pertaining to the settlement of insolvency issues, as well as acquisition, rent, real estate and corporate law disputes and litigation. Martijn Vermeeren heads up the practice restructuring and insolvency group alongside Stefan van Wijk who is adept at advising clients on impending insolvencies as well as on restructurings. Senior associate Ruud Brunninkhuis ‘has a lot of expertise and is a good sparring partner’.

Other key lawyers:

Ruud Brunninkhuis


‘The Buren Legal team demonstrates a high level of legal knowledge and a pragmatic approach.’

‘Ruud Brunninkhuis has a lot of expertise and is a good sparring partner.’

‘Buren has a professional team. Their knowledge is of a high level and there always a specialist to answer any related query.’

‘They prepare their goals and strategies well.’

Key clients

Tetteroo Bouw en Projectontwikkeling B.V.

Schilperoort and Lenta

Alblasserdam Yachtbuilding B.V.

Hotel Stay at 7

Red Star Electronics B.V.

Soulsistah Beach B.V.

Enerray DT B.V.


Latam Airlines S.A.

LAN Cargo S.A., airlines

Work highlights

  • Advised Tetteroo Bouw en Projectontwikkeling B.V. in a trustee capacity.
  • Advised shipyard Alblasserdam Yachtbuilding B.V. (Oceanco) in a dispute with Eekels Technology B.V.
  • Advised Enerray DT B.V., on restructuring its debts, involving design, development, construction and management of utility scale and industrial photovoltaic systems.

Davids Advocaten

Jan Davids leads the restructuring and insolvency cohort at Davids Advocaten; Davids, alongside key practitioners Mark-Hendrik de Vries and Joris Boddaert, is described as being ‘excellent’. The team’s workload includes advising on multiple bankruptcies, a noteworthy example being its appointment as administrator in the bankruptcies of multiple companies in connection with the well-known NEXT fashion group. The group also advises on the array of restructurings.

Practice head(s):

Jan Davids

Other key lawyers:

Mark Hendrik de Vries; Joris Boddaert; Ruben Mets; Nils Reerink; Laurie van Leeuwen


‘Davids leads a wide-range of experienced and well-equipped lawyers in the field of insolvency law. The team is reliable and easily reachable. Their approach is pragmatic.’

‘Mark Hendrik de Vries, Jan Davids and Joris Boddaert are excellent.’

‘The practice of Davids Advocaten covers distressed situations well, and is able to act for debtors, creditors and companies in distress.’

‘Mark Hendrik de Vries is a smart lawyer who was involved in a litigation case concerning director’s liability. He is a capable, excellent and professional.’

‘This practice has extensive experience in debt restructuring for start-ups and scale-ups. This is experience that is hard to come by.’

‘Joris Boddaert and Ruben Mets are highly knowledgeable, proactive, and communicate well.’

‘The team I work with is not only very knowledgeable as regards legal issues and recent case law, but also highly pragmatic. They don’t beat around the bush.’

‘Nils Reerink and Laurie van Leeuwen are reliable to the core and are exceptionally proactive. ’

Key clients

Shipyard De Hoop

Miss Etam



van Roemburg




Online Seminar

IES Medical


Raven Fishing


Work highlights

  • Advised one of the board members of Trust Company Amsterdam BV who was a director of the bankrupt Exem Energy BV and who became involved in numerous liability proceedings in his capacity as a director with an exposure exceeding €100m.
  • Appointed administrator in the bankruptcies of four companies in connection with the NEXT fashion group.
  • Acted as administrator in the moratoriums and later as bankruptcy trustee in the bankruptcies of Raven Fishing BV, Raven Holding BV, Raven Participatie BV and X2 Im-En export BV.


HVG Law LLP’s restructuring and insolvency team is experienced acting as bankruptcy trustee for its portfolio of clients, often in cases involving numerous creditor employees. The clients the team assists cover the array of industry sectors, from retail and energy to travel and leisure, with workloads frequently in the multi-millions. It also advises on the liquidation of funds in cross-jurisdictional contexts. The team is headed up by Robin De Wit, Jan Padberg and Johan Westerhof.

Practice head(s):

Robin de Wit; Jan Padberg; Johan Westerhof

Key clients


Exem Energy B.V.


Joost Zorgt

Nortel Networks

Charles Vögele


Beekman Staff Styling B.V.

Tidal Operations Netherlands B.V.

Salon B B.V.

Work highlights

  • Acting as bankruptcy trustee of VanMoof.
  • Acted as bankruptcy trustee of Travelbird.
  • Appointed as trustee in the bankruptcy of Exem Energy B.V.

Jones Day

The restructuring and insolvency group at Jones Day is well regarded for its ‘very strong insolvency capabilities’. ‘Established advisor’ Jasper Berkenbosch is at the team’s helm and is well equipped to handle the gamut of restructuring and reorganisation work. Additionally, the group is frequently appointed as trustee of high-value bankrupt estates.

Practice head(s):

Jasper Berkenbosch

Other key lawyers:

Gerjanne te Winkel; Erik Schuurs; Sid Pepels


‘The team has a high-level knowledge of liquidation scenarios.’

‘High involvement of partners in the execution of matters.’

‘The individuals are focused on getting to a solution and really fight for their clients.’

‘Very strong insolvency capabilities.’

‘Jasper Berkenbosch is a very experienced bankruptcy trustee who takes a practical and entrepreneurial approach, which truly helps in finding solutions. Erik Schuurs is talented and a pleasure to work with.’

‘They take a unique position of taking both debtor side work as well as administration work, with cross-border capacity.’

‘Jasper Berkenbosch is an established advisor who also takes up court appointments. His approach is always constructive and aimed at getting a deal.’

‘Sid Pepels is a up-and-coming in the team whilst Erik Schuurs is a stable counsel.’

Key clients



Esperaza Holding B.V.

Stichting d’App

Barcelona Investments B.V. (Vroon Shipping)

ICTS International N.V.

Diebold Nixdorf

De Poli Tankers

Work highlights


Linklaters‘ restructuring and insolvency group is led by Paul Kuipers, who is described as having ‘excellent technical knowledge’ of the area. The team has abilities handling equity and debt restructuring work, which is often multi-jurisdictional in nature. It frequently collaborates with the firm’s international offices in order to provide the full service to well-known clients, on matters of considerable value.

Practice head(s):

Paul Kuipers

Other key lawyers:

Marc Noldus; Danielle Strik


‘A broad team that is always smartly and efficiently put to work.’

‘Paul Kuipers is a true project manager but also knows every detail of complex cases trusted to him – he is very dedicated to his clients! Marc Noldus is smart and contributes to the team’s success.’

‘Paul Kuipers is on-the-ball and has a great handle on matters. Marc Noldus is also very good to work with.’

Key clients

Steinhoff International Holdings N.V. in liquidatie

Work highlights

  • Advised Steinhoff International Holdings N.V. on its €10.5bn equity and debt restructuring via Dutch WHOA proceedings.

Rutgers & Posch

Rutgers & Posch‘s restructuring and insolvency group is headed up by ‘one of the top lawyers in the insolvency sector’ Loek Kerstens, who specialises in dispute resolution-related work in particular and has experience handling complex domestic and international restructuring matters also. The team is experienced assisting with bankruptcy proceeding issues at Court of Appeal level, and its workload frequently involves cases of significant value. Senior associate Gief de Gruijter supports Kerstens.

Practice head(s):

Loek Kerstens

Other key lawyers:

Gief de Gruijter


‘I am thrilled to provide a glowing testimonial for the restructuring and insolvency practice at Rutger and Posch, with a special commendation for Loek Kerstens. This team’s exceptional qualities truly set them apart in the legal field.’

‘Loek Kerstens has shown to be an outstanding legal professional in every aspect. Loek’s exceptional qualities set him apart from his competitors, and his contributions have been invaluable to our collaborative efforts.’

‘A partner-driven boutique with accessible partners.’

‘Loek Kerstens is one of the top lawyers in the insolvency sector. Calm but sharp both intellectually and in his legal concepts. Excellent tonality with clients as well as with his staff.’

‘They find the balance in doing what is required in the best interests of the client.’

‘The team is knowledgeable and always takes a pragmatic approach. Simple matters are handled with a straightforward approach, which allows them to act fast and keep costs manageable.’

‘Loek Kerstens and Gief de Gruijter are both really appreciated. They are skilled lawyers, pragmatic and clear in their communication.’

‘I highly recommend the Rutgers and Posch team. In my particular case the team readily embraced the legal difficulties or complexities which arose from dealing with the different jurisdictions.’

Key clients



Corvallis Navigation Panama

Bovemij (Care4Lease)

Banca Intesa Sanpaolo

Rabo Investments

Clean Holding B.V.

Bunq B.V.

Subo International B.V.

Bright Bidco (Lumileds)

Work highlights

  • Acting for an investor in bankruptcy proceedings against Lightyear up to the Court of Appeal, we have now been engaged by the bankruptcy trustee to initiate enquiry proceedings with the Dutch Enterprise Chamber.
  • Advising Rabo Investments and PE firm Opportunity Partners in the bankruptcy of a Dutch e-bike leasing company.
  • Completed an international financial restructuring, reducing the clients’ debt by approximately $1.4bn.

Windt Le Grand Leeuwenburgh

The Rotterdam-based restructuring and insolvency group at Windt Le Grand Leeuwenburgh ably assists its clients through the processes surrounding liquidation and insolvency and is well regarded for its ‘customer-first mentality’. The team also advises clients in recovery from or prevention of such issues. The group is led by specialist in financial mismanagement of companies Richard le Grand, who is described as ‘a savvy litigator with good tactical thinking’.

Practice head(s):

Richard le Grand

Other key lawyers:

Ruben Leeuwenburgh; Mark Mouthaan; Richard le Grand; Marcel Windt


‘The team provided an experienced litigation lawyer to us to help us determine a strong strategy.’

‘Ruben Leeuwenburgh is an experienced litigation lawyer who assisted us determining a strategy without unnecessarily complicating matters.’

‘Windt are reponsive, calm under pressure and know the Dutch insolvency process well.’

‘Richard le Grand is a savvy litigator with good tactical thinking. Ruben Leewenburgh is very good to work with and has a busy practice but always finds time to speak. He is calm and measured during difficult times. Mark Mouthaan is thorough and across the details.’

‘A customer-first mentality. Richard Le Grand is very capable of quickly understanding the matter and asks all the right questions.’

‘Richard Le Grand is responsive and really understands the matter at hand. He is able to act as if he is part of our company – knowing our interests and acting on them. Richard has the ability to relativize with us to ensure we make the correct decisions.’

‘A hands-on approach combined with in-depth knowledge. They are effective and efficient.’

‘Ruben Leeuwenburgh is one of the top in his field – approachable and creative.’

Key clients

Steinhoff Recovery Foundation

Quality Plants Europe B.V.


International Metal Trading B.V. (“IMT”)



Work highlights

  • Advised Marcel Windt, appointed as Chairman of the Steinhoff Recovery Foundation, in relation to the global settlement for the €7bn insolvency of Steinhoff International.
  • Appointed as liquidator in the €200m insolvency of Dutch shipbuilder IHC.
  • Assisted SDB Group with its purchase of a distressed medium-sized software company on the verge of insolvency.