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.
Sigrid Jansen; Aroen Kuitenbrouwer
‘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‘.
ABN AMRO Bank N.V
BNP Paribas (Suisse S.A)
KBC Bank N.V
Citicorp Trustee Company Ltd
ABN AMRO Lease N.V
DTG Holding B.V
Dutch Ministry of Finance
IHC Merwede Holding B.V
Cooperative Rabobank UA
De Poli Tanker
DSM Finance B.V
Dutch Seafood Holding
AEB Holding N.V
Blokker Holding B.V
- 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 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.
Reinout Vriesendorp; Ferdinand Hengst
‘Johan Valk did excellent work on some difficult files‘.
Central Bank of Curacao and St Maarten
Royal Ahold Delhaize
ABN AMRO Bank
Waterland Private Equity
Providence Equity LLP
- 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 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.
‘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‘.
Lehman Brothers Treasury
International Bondholders Committee in Oi restructuring
Unlimited Sports Group
Independent Derivatives Committee
Imtech N.V. supervisory board directors
- 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'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.
Robert van Galen
‘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.’
Royal van Zanten
Several Yukos entities, Bruce Misamore
- 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'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.
Toni van Hees; Job van Hooff
‘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.’
Ernst & Young LLP
Unlimited Sports Group
North Sea Ports
- 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 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.
Barend de Roy van Zuidewijn
‘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‘.
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
Bankruptcy trustee of De Donge group companies
Centraal Beheer Achmea
Bankruptcy trustee CEG Group
Bankruptcy trustee of Greystone Holding B.V. and Stichting Beheer Derdengelden Greystone
Bankruptcy trustee of Ebcon Holding
- 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 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.
Ilse van Gasteren; Jelle Hofland
‘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‘.
ING Bank N.V.
- 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 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.
Jan Willem Bouman; Marcel Groenewegen; Marc van Zanten
‘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‘.
Portugal Telecom International Finance B.V.
McGregor Fashion Group
Swets & Zeitlinger Group
Cool Cat Fashion B.V. and Cool Cat Nederland B.V.
Stichting Waarborgfonds Sociale Woningbouw/WSG
- 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.
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.
Wouter Jongepier; Krijn Hoogenboezem
‘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‘.
Gibson Brands LLC
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.
Air Berlin B.V.
Boer & Croon
- 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 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.
Hanneke De Coninck-Smolders; Kees van de Meent
‘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‘.
Amsterdam Hospitality Group
Van der Moolen
Hillen & Roosen
- 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
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.
‘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.‘
Toys R Us
Syncreon Group B.V.
- 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 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.
Wouter Hertzberger; Yke Lennartz
‘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‘.
ABN AMRO Bank N.V.
AEB (Afval Energie Bedrijf Amsterdam)
Banco Santander S.A.
Bank of America, N.A.
Danish Ship Finance
DNB Bank ASA
DVB Group Merchant Bank (Asia) Ltd.
ING Bank N.V.
Intertrust Nederland B.V.
MS Mode Group B.V.
Nordic Trustee AS
Pareto Bank ASA
Trustee of Lehman Brothers Inc.
- 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 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 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.
Robert van Agteren
APM Holding GmbH
IES Immobilien-Projektentwicklung GmbH
Deutsche Pfandbriefbank AG
Piraeus Bank SA
Colony Capital LLC
- 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 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.
‘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‘.
GE Wind France SAS
- 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 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.
‘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‘.
Parman International B.V.
Brigade Capital Management, LP
Davidson & Kemper
Oi Brasil Holdings Coöperatief U.A.
- 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.
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.
ABN AMRO No No
The Royal Bank of
Scotland No No
BNP Paribas No No
ING Bank No No
- 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'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.
Stefan van Rossum
‘Stefan Van Rossum was great‘.
- 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.
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.
Noor Zetteler; Willem Jan van Andel; Remco Vermaire
‘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‘.
De Lage Landen (DLL)
Trustee of Boer & Croon Holding B.V.
The Phone House
Ruwaard van Puttenziekenhuis
Directors of Coolcat
- 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.
Peter Brouns; Jeroen Bakkers
‘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.‘
Brabant Alucast The Netherlands Site Heijen BV
Favini Paper factories
Verum Software Technologies
Zinvest Fashion Group
- 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'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.
Martijn Vermeeren; Pieter van den Berg
‘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.‘
MC IJsselmeerziekenhuizen B.V.
UF de Schilde B.V.
Taxi de Roo B.V.
Mooy Logistics B.V.
Mooy Beheer B.V.
Ruwaard van Puttenziekenhuis
- 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.
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.
Jan Padberg; Johan Westerhof
Administrators of Nortel Networks
M.J. Weerman Bloemengroothandel
- 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.
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.
Erwin Bos; Jeroen Bos
‘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.‘
NN Investment partners
- 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.
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 respected' Marcel 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.
Marcel Windt; Ruben Leeuwenburgh; Richard Le Grand
‘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.‘
Steinhoff International Holding N.V.
Varova Fashion Group B.V.
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
Men at Work
European Care Residences and Resorts
- 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.