Firm Profile > NautaDutilh > Amsterdam, Netherlands
1082 PR AMSTERDAM
PO BOX 7113, 1007 JC AMSTERDAM
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NautaDutilh > The Legal 500 Rankings
As one of the premier teams in the Dutch asset and structured finance market, NautaDutilh counts several key market players among its client list, and is highly active in large-scale securitisation transactions. Other key areas of work for the firm include setting up and advising on whole loan platforms, as well as covered bond programmes. Practice co-head Michaëla Ulrici is highly recommended for the firm's securitisation mandates, while fellow co-head Arjan Scheltema is more notable in the covered bonds space.
Arjan Scheltema; Michaëla Ulrici
‘The experts in their field. Original, able to find solutions that really work, strong in negotiations. Strong in making a deal work.‘
‘Michaela Ulrici is the leading lawyer in her field. Innovative where needed, always business minded and very knowledgeable. Great to have on your side!‘
Aegon Bank N.V.
Dynamic Credit Partners Europe
Achmea Bank N.V.
ING Bank N.V.
Dutch Mortgage Fund
At NautaDutilh, the 'impressive team of market experts' handles a wide array of regulatory law and 'combines sound legal knowledge and judgement with an approachable style'. Larissa Silverentand uses her 'outstanding legal skills' to assist clients with such diverse work as obtaining e-money and banking licences, advising banks on the restructuring and complete transformation of the handling of cash and ATMs in the Netherlands, and advising on crowdfunding platforms. Frans van der Eerden and senior associate Sven Uiterwijk are 'excellent, highly qualified and competent lawyers'. Also notable are senior associates Juliët de Graaf and Roderick Watson, and of counsel Pim Rank.
Larissa Silverentand; Frans van der Eerden
‘Very highly qualified and competent. Reliable and always on time.‘
‘Frans van der Eerden and Sven Uiterwijk are excellent, highly qualified and competent lawyers with a good sense of urgency. In sensitive negotiations with a lot of stakeholders, they take everyone’s interests into account and don’t give up until a joint solution is found.‘
‘Frans van der Eerden is an excellent adviser who takes a lot of effort to pro-actively approach his clients and to stay involved with them. He cares!‘
‘Quick, clear and helpful advice.‘
‘Practical approach with very good business sense and a hands-on mentality. Full service and punctual. Because of their academic strength very much capable of assessing the issue with a 360 degree view and coming up with creative and to-the-point solutions. Great sparring partner. Compared to other firms they take a more thorough approach with a strong basis in legal theory, but without being too theoretical. Look further than other firms, past just the initial question at hand.‘
‘Impressive team of market experts – they combine sound legal knowledge and judgement with an approachable style.‘
‘Hands on, decisive, practical, to the point.‘
‘Larissa Silverentand: outstanding people skills, outstanding legal skills.‘
‘Professionals with a broad view on the client’s business. It is a pleasure to work with these very client-orientated guys. They are razor sharp in analysing the real issues and finding the answers.‘
‘The financial regulatory team is extremely well informed about developments in this field, they are a close team and apply their expertise (almost on a scientific basis) in a very practical manner.‘
Bank of America Merrill Lynch
CBRE Global Investors
The Norinchukin Bank
TPG Sixth Street Partners (TSSP)
UK P&I Club/Thomas Miller
VvAA groep B.V
NautaDutilh has considerable multijurisdictional reach, with Arjan Pors heading the team in the Netherlands and Elizabeth van Schilfgaarde leads the team in New York, which advises on the Dutch aspects of international finance transactions. The firm's focus on real estate financing was highlighted by its advice to Venn Partners and Mount Street on the acquisition and development of an office building located in Almere, the Netherlands. Another key area of strength is asset-based lending. The practice counts major Dutch and global financial institutions, including BNP Paribas Fortis, HSBC Bank and ING Bank among its notable clients. Walter Schellekens left the firm in July 2019.
‘Hands-on, pragmatic, to the point, knowledgeable.‘
‘Very social, engaging personalities. Co-operative and helpful. Diederik Vriesendorp (together with Michelle van Doren and Sjors Panis) are the best one-stop shop you can go to.‘
BNP Paribas Fortis SA
Royal Bank of Canada
Sumitomo Mitsui Banking and Corporation Europe Limited
ING Bank N.V.
NIBC Bank N.V.
GSO Capital Partners
National Westminster Bank Plc
KBC Bank N.V.
HSBC Bank Plc
Post Road Group
Capital markets: debt Tier 1The practice at NautaDutilh acts across a wide range of complex debt transactions, particularly convertible, high-yield, and investment-grade offerings. Clients include major Dutch and multinational banks, with work encompassing bonds issues on the issuer and underwriter side, regulatory advice, and structuring notes programmes. The practice is led by the highly regarded Petra Zijp, alongside Antonia Netiv and Elizabeth van Schilfgaarde
NautaDutilh has one of the largest corporate teams in the market and is recommended for providing 'a strong combination of M&A expertise and expertise from other departments' such as energy and life sciences. Lieke van der Velden is the global head of the practice; her broad experience includes a focus on private equity work and the financial sector. Seasoned operator, Leo Groothuis advised HAL Holding NV on its €5.5bn sale of its 77% interest in GrandVision NV to EssilorLuxottica SA. Joost den Engelsman and Stefan Wissing are two of the many experienced team members that cover public and private M&A, transaction structures, and cross-border deals.
Lieke van der Velden
‘A strong combination of M&A expertise and expertise from other departments (finance, IT, labour law etc.) with highly skilled lawyers. Down to earth, easy to work with, persuasive and flexible when needed. One of the best teams I have worked with over the past 10 years.’
‘The Nauta team operates as a tight knit team, also across functionalities. They focus on timely and high quality delivery whereby they have a good eye for delivering an integral product, satisfying all needs of the client.’
‘Nauta’s corporate and M&A team is very pragmatic and the team is well able to understand the specific issues in a transaction.’
Basic Fit N.V.
Dutch Ministry of Finance
Europe Container Terminals
Intel Corporation & Intel Capital
Johnson & Johnson
Royal Dutch Railways
Royal Dutch Shell
NautaDutilh is home to a distinguished Supreme Court litigation practice, which is headed by Freerk Vermeulen, and is involved in several of the jurisdiction's most prominent cases, including high-profile environmental, financial, and insolvency cases. The broader litigation team is led from Amsterdam by Paul Olden, who specialises in transaction-related disputes, and from Rotterdam by the corporate litigation-focused Rutger Kalsbeek. Other key areas of work include acting as defence counsel in class actions and other mass litigation, as well as advocating before the Enterprise Chamber. Frans Overkleeft is also recommended, particularly for M&A-related disputes.
Paul Olden; Rutger Kalsbeek
‘A great team of litigators. Exceptional quality of work, content wise but also experts in litigation tactics. Hands-on and always available, with a can-do mentality. Don’t hesitate to hire them, they will not disappoint you.‘
‘The group consists of team players, people who understand what they are talking about and have a deep knowledge of procedures, the case, and other strategic decisions that are needed to be made. Also, they focus strongly on client management and are able to explain difficult situations in clear, understandable terms.‘
‘I have worked with Paul Olden en Robert van Gaalen in the last two years on almost a daily/weekly basis. They really stand out in their group and also in comparison to other firms and litigation practices. They are not only a pleasure to work with, they are well-organised and deeply knowledgeable.‘
‘Frans Overkleeft is a very smart litigator with in-depth knowledge of corporate and commercial litigation. Frans is an expert in corporate law. In particular, in the field of public and private M&A, which makes him stand-out compared to experts of other firms when it comes to M&A related litigation.‘
Royal Dutch Shell
Dutch Railways (Nederlandse Spoorwegen)
NautaDutilh is engaged in several international mediation cases, primarily representing clients in mediation, though the team also includes two qualified mediators. The practice is headed by Stijn Franken.
Energy: transactional Tier 1
Contracting, restructuring, regulatory, litigation, finance, projects and competition form an integral part of NautaDutilh's transactional energy department. The team has sectoral expertise in off shore oil and gas, power, new energies as well as private and infrastructure fund investments, which includes involvement in investments in energy assets. Jaap Jan Trommel, Harm Kerstholt, who re-joined as partner from NautaDutilh's New York office in July 2019, and Rotterdam-based senior associate Lisa Schoenmakers are the main contacts.
Jaap Jan Trommel; Harm Kerstholt; Lisa Schoenmakers
Other key lawyers:
David van Ee
Dutch Infrastructure Fund
Netherlands Oil and Gas Exploration and Production Association (NOGEPA)
SHV Holdings (& subs) incl. NPM
Spirit Energy (Centrica)
Vermilion Oil and Gas
Fraud and white-collar crime Tier 1
NautaDutilh has multidisciplinary capabilities in corporate criminal defence proceedings, regulatory compliance advice, and investigations, approaching the latter with a strong focus on IT forensics and electronic data, alongside traditional techniques. Matters include corruption, liability, tender fraud, and money-laundering cases. The 'hands on, accessible, and practical' Marike Bakker jointly heads the practice, specialising in cross-border investigations and criminal proceedings, alongside Francien Rense, who focuses on sanctions and enforcement matters, working closely with authorities.
Marike Bakker; Francien Rense
‘An experienced and dedicated team who are serving the client efficiently and effectively with a strong focus on delivery.‘
‘Energetic, well-educated, eager, go the extra mile and strive to win.‘
‘Top notch quality in various areas of economic crime. Strong international background, very well-connected with authorities.‘
‘Direct, clear, to the point, no ambiguity or unnecessary wording or clouding of the message. Mature response/discussion when challenged (including on fees).‘
‘Intelligent and strategic thinkers who make the right decisions for the benefit of their clients!‘
‘Constructive attitude, pragmatic thinking within the limits of the law, approachable and social.‘
‘Energetic, well educated, eager, go the extra mile and strive to win! That combined with an easy way of communication and interaction with a customer.‘
‘NautaDutilh provide a premier white-collar crime service. They have deep market knowledge and are instructed on a range of high profile cross-border matters. The team is collegiate and user friendly and adds tremendous value as part of an international consortium of law firms on cross-border matters.‘
‘Marike Bakker is an excellent lawyer with tremendous experience that allows her to give on-point commercial and practical advice. Simone Honig is a rising star with excellent knowledge of AML law and regulation.‘
NS (Dutch National Railway)
Royal Dutch Shell
Industry focus: Food Tier 1NautaDutilh's team is commended for providing 'good and fast' responses to clients in the food and agriculture industries. Aside from advising on safety, labelling, organic quality and product recall issues, the group also assists with transactions and financings in the industry. Jolize Lautenbach heads up the regulatory team and Teska van Vuren, who has knowledge of the dairy farming industry, advises on transactional matters. Rotterdam-based counsel Silvia Gawronski left the firm.
Jolize Lautenbach; Teska van Vuren
‘A good team with fast follow up.’
Louis Dreyfus Company
Juices Suisse SA
Lineage Van Soest
United Biscuits Dutch Co B.V.
The NautaDutilh team assists clients ranging from start-ups to market leaders and investors on a variety of corporate and M&A transactions. Ruud Smits handles work for pharmaceuticals, biotechnology and medical devices clients; in a recent highlight, he advised Johnson & Johnson on its acquisition of Innovalens. On the IP front, Anne Marie Verschuur counts GlaxoSmithKline among her clients, and Stijn Franken advises on insurance and reinsurance issues, regulatory law and product liability cases.
Ruud Smits; Anne Marie Verschuur
‘They are expert in M&A management.’
‘Wijnand Bossenbroek, manages his team excellently. They always react fast and with excellent quality.’
Johnson & Johnson
DSM Sinochem Pharmaceuticals
Levine Leichtman Capital
Insurance Tier 1
NautaDutilh has 'a strong reputation for dealing with complex, high-value and high-profile claims'. It is frequently involved in litigation cases where there a major reputational risk element for notable pharmaceutical and insurance companies, including GSK and Aegon. The practice also has 'extensive experience in various issues concerning the duty of care of insurers'. Sjoerd Meijer, who heads the practice jointly with Stijn Franken, is a prominent litigator in the field of unit-linked life insurance products. Both are recommended as 'exceptional lawyers'. Also notable is senior associate Bianca van der Goes who is 'eloquent, resourceful, sharp, convincing, and has good judgement'.
Stijn Franken; Sjoerd Meijer
‘Strong insurance team with dedication and knowledge of the market.‘
‘Sjoerd Meijer and Stijn Franken are both exceptional lawyers who have in-depth knowledge of the insurance market in the Netherlands and also have a strong network.‘
‘High-level coverage advice and settlement strategy.‘
‘NautaDutilh’s insurance litigation practice has a strong reputation for dealing with complex, high-value and high-profile claims such as claims regarding unit-linked and universal life insurance products. Furthermore, they have extensive experience in various issues concerning the duty of care of insurers. The lawyers of the team stay in close contact with us and were friendly and tireless in their efforts.‘
‘Bianca van der Goes: her legal advice is always practical, solution-oriented and pro-actively given. And her knowledge of Dutch Financial and Pension Law is outstanding.‘
‘The contact I have had by telephone, in sessions with KiFiD (arbitration committee) and the Appeal Board, and in courts of law were outstanding and very professional. The written statements (reactions, statement of reply, and rejoinders) are extensive yet to the point.‘
‘In most cases I have worked with Senior Asociate Bianca van der Goes. Thanks to her, our “winning streak” is almost 100%! Her written work is impeccable, she always delivers on time. I have always received her sessions report the day after the sessions have taken place. In court she is eloquent, resourceful, sharp, convincing, and she has good judgement in foreseeing and acting on (un)expected circumstances. And moreover she is a very friendly and attentive person.‘
‘My experience was with the product liability group – in that area they are very good.‘
‘They worked well with counsel around the world. They did not duplicate work that had been done elsewhere, but rather were able to use that work effectively in their country.‘
Dutch Association of Insurers
UK P&I Club
Investment funds Tier 1
NautaDutilh is home to a strong regulatory, structuring, and fund formation offering, with particular experience of all types of fund licence. The firm is highly active in the real estate funds arena, covering residential and commercial focused-funds. The team is instructed by substantial international clients as well as maintaining a strong domestic base, and is particularly prominent on the fund manager side. Regulatory specialists Larissa Silverentand and Frans van der Eerden lead the group.
Larissa Silverentand; Frans van der Eerden
‘The team houses some of the absolute top regulatory specialists. Combined with extensive experience in setting up and structuring of investment funds, the team provides excellent legal support for fund managers who want to set up complex fund structures.‘
‘Larissa Silverentand’s team specialize in investment funds and multi-jurisdictional offering.‘
‘Nauta’s team consists of highly skilled professionals with thorough knowledge of financial services regulation.‘
‘Frans van der Eerden is a very skilled lawyer with a thorough knowledge of financial services regulation. He is able to translate very complex material into readable and practical memos, essays or other legal products. He is very well informed of developments in the banking and finance sector.‘
‘Larissa Silverentand rises above the team. Her in-depth knowledge of the regulatory playing field combined with her knowledge of the market, supervisory authorities, market parties and market developments ensure that she comes up with creative, but sound workable solutions.‘
Achmea Investment Management
Bank of America Merrill Lynch
Brand New Day
CBRE Global Investors
IBS Capital Management
Shell Asset Management Company
Stichting Stimuleringsfonds Volkshuisvesting Nederlandse Gemeenten (SVn)
TPG Sixth Street Partners (TSSP)
T Rowe Price
Restructuring and insolvency Tier 1NautaDutilh'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
NautaDutilh's borrower-side finance team is instructed by a wide range of large corporate clients both internationally and from across the Benelux region, often advising on the Dutch law aspects of international financing for UK or US clients. The team undertakes the full spectrum of work, with particular strengths in acquisition financing, revolving credit facilities, and large-scale refinancing. Arjan Pors heads the team. Elizabeth van Schilfgaarde is a key contact for US clients.
‘Very professional manner.‘
McDermott International, Inc.
Stadion Feijenoord N.V.
High Tech Campus Eindhoven
Bottega InvestCo S.à r.l.
Damen Shipyards Group N.V.
The Carlyle Group
Capital markets: equity Tier 2
NautaDutilh advises issuers, shareholders and underwriters on cross-border equity transactions, including IPOs, rights issues, public and private offerings, and public listings. The team also assists clients with pre-listing concerns including compliance, restructuring, and protection mechanisms. The practice is led by Petra Zijp, Antonia Netiv and Paul Van Der Bijl, all of whom have 'broad experience' in cross-border transactions, financing, and regulatory concerns.
Petra Zijp; Antonia Netiv; Paul van der Bijl
‘The team has broad experience, and they are able to provide timely and practical advice.’
‘Stand out partners are Petra Zijp, Antonia Netiv and Philippe Remels. Stand out associates are Dewi Walian and Joppe Schoute. They have a great mix of experience that means that as a team, they are able to take on whatever challenge a transaction might bring. They keep current on international practices and are able to spot issues that might not be strictly Dutch or Belgian legal issues.‘
Employment Tier 2
NautaDutilh's employment practice encompasses a broad range of work, and the team is particularly notable for its work on collective labour law and disputes, pension law, and transaction-related advisory work. Negotiations either with or on behalf of works councils are another key element of the firm's practice, with several team members having a strong focus on this area. Additionally, lead partner Homme ten Have is highly focused on executive contracts and dismissals, along with fraud and compliance matters.
Homme ten Have
‘The Employment Team of Nauta Dutilh under leadership of Homme ten Have provides excellent service. All team members are very knowledgeable. Their response time is very timely. The advice they provide is based on sound legal analysis and is practical of nature.‘
‘Juliette Niersmann is a very diligent, thoughtful lawyer; this made the team discussions very fruitful, and our work a success. ‘
‘My lawyers are Homme Ten Have and Juliette Niersman (associate): they are user-friendly, calm but eager with a very personal approach, honest with great advice. They are always there for me, and they know what they’re doing. Great research and they get the job done.‘
‘Francien Rense definitely deserves a mention – a lateral thinker, not afraid to fight back to protect clients interest and very sharp in strategy too.‘
‘Gijs van Nes did an excellent job in orchestrating each step and always making sure we rationally assess each piece of evidence or argument.‘
Municipality of Amsterdam
Boston Consulting Group
ECN (Energy Research Centre Netherlands)
NS (Dutch Railways)
Louis Dreyfuss Holding
Shine Medical Technologies
Works council of Sitech
Environment and planning Tier 2NautaDutilh's substantial public law practice is home to specialists in administrative, planning and zoning and environmental laws. It handles a broad range of work that extends to regulated markets such as telecoms, food and commodities and proceedings with governmental bodies regarding matters such as licences and subsidies. Team members also advise government departments on legislative matters and are represented on a number of advisory committees to Municipalities, Provinces and the State. Jolize Lautenbach heads the team. Anne-Marie Klijn has left the practice to join NewGround Law. Jochem Spaans joined from Allen & Overy LLP.
EU and competition Tier 2
NautaDutilh's EU and competition team is 'very knowledgable, service oriented and facilitating'. The firm's practice displays expertise in private equity liability, cartel investigations and cartel damage litigation. A notable highlight for the firm has been its representation of Lufthansa and SWISS Air Lines in multiple follow-on cartel damages proceedings before the Dutch courts; new group head Mauricette Schaufeli, previously at PwC, as well as Philip Malanczuk and senior associate Arnout Koeman are key individuals involved in this case. Also recommended are Vincent Wellens, Stan Brijs and senior associate Jasper De fauw.
‘The Nauta EU and competition team is very knowledgable, service oriented and facilitating‘.
‘The Nauta team is very pleasant to work with, hands on and easy accessible. You receive very good value for money‘.
SHV (& subs) incl. NPM
ABN AMRO Bank
Industry focus: retail Tier 2
NautaDutilh provides a broad range of expertise to global and Dutch retailers spanning M&A, competition, insolvency, data protection, IP, IT, real estate and tax issues; the group also has consumer products experience. Teska van Vuren and Jaap Stoop, who jointly lead the group, provide advice on mergers and acquisitions, joint ventures and fund formations to clients in the agriculture, food and retail sectors. David Van Dijk's work includes advising on acquisitions in the retail sector.
Teska van Vuren; Jaap Stoop
NautaDutilh's intellectual property practice has strong expertise in cross-border litigation particularly in the life sciences and food industries. The firm's client roster includes Lego, Feyenoord, and GSK. Practice head Anne Marie Verschuur has extensive experience in litigating and advising on intellectual property rights and is a key individual involved in the multi-jurisdictional trade mark litigation case defending GSK against Sandoz, senior associate Jeroen Boelens is also advising alongside. Clients praise the ‘breadth and depth‘ of the firm's practice. In addition to Charles Gielen, Richard van Oerle, and counsel Fleur Folmer are also notable.
Anne Marie Verschuur
‘The breadth and depth of their practice is very good. With Charles Gielen still providing client advice, the firm has a true leading figure head‘.
Airwair (Dr. Martens)
Private equity Tier 2
NautaDutilh captures a significant share of the market for transactions in the Netherlands and wider Benelux region. It is seen by many private equity funds and portfolio companies as a first port of call for assistance with matters ranging from initial investments into businesses to exits. In addition to providing standalone advice to clients, the firm also works with other international law firms on deals with a pan-European and global dimension. The joint heads of the practice are Joost den Engelsman and Gaike Dalenoord, who have a strong track record acting for Benelux and international private equity houses. Senior associate Sophie van Lanschot is another key figure.
Gaike Dalenoord; Joost den Engelsman
‘NautaDutilh has the full breadth of legal coverage in-house to support us on any transaction. It has the best private equity team we have worked with so far.‘
‘Strong commercial minded team working in partnership with clients to deliver transactions – pragmatic approach and good experience/reputation across market. Trusted adviser for transactions in Netherlands.‘
‘Joost den Engelsman is a true partner to clients – he has a strong commercial mindset, delivering transactions in a pragmatic and efficient manner (with a good view on risks) as well as supporting clients through network of industry relationships.‘
Apax Partners (France)
The Carlyle Group
CPP Investment Board
Levine Leichtman Capital Partners
Madison Dearborn Partners
Vista Equity Partners
Project finance and PFI Tier 2
The department at NautaDutilh is active on the borrower and lender sides of the market, and works on a wide range of mandates including substantial PPP infrastructure projects, large-scale private developments in the commercial and residential spaces, communications infrastructure work and energy projects. Jaco Belder specialises in PPP financing, and co-leads the team with David van Ee and Erik Geerling. The group is also active in international transactions; Belder and finance practice head Arjan Pors have significant experience in cross-border work.
Jaco Belder; David van Ee; Erik Geerling
Stadion Feijenoord N.V.
High Tech Campus Eindhoven
Sodexo Altys B.V.
Real estate Tier 2
With David Van Dijk at its head, the team at NautaDutilh assists clients, including real-estate investors, developers and building firms, as well as government bodies including municipal and provincial authorities, water boards and the national government, with the full spectrum of real estate matters. The firm occupies a unique position on the European continent, with offices covering the Benelux region, in Belgium, the Netherlands and Luxembourg. The practice recently advised W.P. Carey International LLC on its acquisition of an automotive dealership portfolio through a sale-and-leaseback transaction worth €29m. Anne-Marie Klijn left the firm in September 2019.
David van Dijk
BamTech (Subsidiary of Disney)
CBRE Global Investors
Dusit Thani Hotels & Resorts
European Investment Bank
Erasmus University Rotterdam
Great Grey Investments
ING Real Estate
LaSalle Investment Management
Media Markt Saturn
Merlin Entertainment Development
Municipalities of Amsterdam, Rotterdam, Haaksbergen, Hoorn, Almere and Den Helder
Ministeries of Finance and Housing
NL Real Estate
PPF Real Estate
Syntrus Achmea Vastgoed
UBS Real Estate
Van der Vorm Real Estate
Tax Tier 2
NautaDutilh fields an 'experienced team' with a strong transactional focus, which is able to combine a 'thorough understanding of the law' with 'a good insight into their client's objectives'. Advice to clients is provided both in the context of specific transactions and in the practice's capacity as general tax counsel, the latter often following a transaction. Chris Warner, who jointly heads the team with Nico Blom, is advising Renault on its merger talks with Fiat-Chrysler; the potential merger is estimated at €33bn. For litigious tax matters the key contact is Léon Wijsman. Edward Rijnhout is also noted.
Chris Warner; Nico Blom
‘An experienced team with a good mix of tax technical knowledge, communicative skills and a pragmatic getting-the-deal-done mentality.‘
‘Strong professionals able to effectively negotiate a transaction because of a thorough understanding of the law and a good insight into their client’s objectives.‘
Johnson & Johnson
Transport Tier 2
NautaDutilh's transportation and logistics team has positioned itself as a powerful player in the shipping, aviation and transport industries, and covers all the practice areas relevant to the sector. The shipping branch of the team, with Erik Geerling at the helm, focuses on ship financing, as well as the construction, sale and purchase of new vessels. Teun Struycken heads the team's aviation wing, which specialises in financial transactions such as leveraged leases and engine financing. The team is also well represented in litigation by Kasper Krzeminski, who brings expertise in complex, cross-border commercial dispute resolution.
Erik Geerling; Kasper Krzeminski; Teun Struycken
Construction Tier 3
The construction team at NautaDutilh is most prominent in the field of PPP projects, advising clients on all sides of such projects throughout the contracting, tender, and development phases. The firm is also highly active in large-scale fit-outs and renovations of existing commercial spaces, as well as industrial and office developments. David van Ee heads the construction practice, and has significant procurement experience in addition to strong PPP knowledge.
David van Ee
‘Nauta provides outstanding strength and depth across all practice areas we have dealt with. The construction team interacts seamlessly with expert colleagues in other key areas such as tax, employment and commercial law and is quick to involve those colleagues, with none of the territoriality sometimes encountered in other firms. The teams are very well resourced and highly expert in their respective fields of practice and very much attuned to commercial practice in their sectors.
‘David van Ee is a supremely competent lawyer, who is hugely authoritative and technically expert yet entirely approachable, very commercially astute and pragmatic. David is never afraid to take on a challenging legal assignment, meeting it head-on with intelligence, pragmatism and efficiency -as a client, you could not be in better hands. He has also had the foresight and wisdom to surround himself with excellent associates, such as Valerie Nauta.‘
Municipality of Amsterdam
Koninklijke BAM Groep
European Investment Bank (EIB)
BamTech (Subsidiary of Disney)
Van Lanschot Kempen
Office for Metropolitan Architecture (O.M.A)
John Sisk & Son Ltd
Erasmus Universiteit Rotterdam
A substantial team at NautaDutilh is commended for providing 'seamless consolidated advice' and for being 'responsive amidst great emergencies'. Albert van der Kolk chairs the firm's Benelux data protection and cybersecurity team; Jacqueline van Essen and Jolize Lautenbach are two of the notable, specialist partners. Aside from advising on GDPR compliance strategies, it advises on the full range of agreements, such as data processing or data transfer agreements, combined with expertise in financial services regulations, employment and corporate transactions. The team also has expertise in dealing with the Dutch Data Protection Authority with regard to data breaches.
Albert van der Kolk
‘We have been working with Nauta Dutilh for all data protection matters pertaining to the Netherlands and broader Benelux area for close to a decade, especially the great Jacqueline Van Essen. Aside from the seriousness of their expertise, their ability to deliver seamless consolidated advice on the region has been a valuable asset. In addition, despite the great rush to GDPR compliance, the team’s organization made it very responsive amidst great emergencies.’
‘The Nauta team quickly comprehends your business needs and ensures that their advice is tailored to your concerns, practical, and immediately useful.’
‘Their breadth and depth of knowledge is exceptional compared to other firms, and their analysis of which data privacy and protection regulations and frameworks are relevant is much more efficient than other firms we’ve worked with.’
ABN AMRO Bank
Payoneer Europe B.V.
Uber Technologies, Inc.
VvAA groep B.V.
The team at NautaDutilh is jointly headed by newly promoted partner Mirjam van de Hel- Koedoot, who focuses on investment treaty arbitration and the enforcement of arbitral awards; Kasper Krzeminski, who has a 'thorough' approach; and Freerk Vermeulen, whose sphere of activity is centred on Dutch Supreme Court proceedings. The practice stands out for its 'excellent understanding of the position of the client'. Recent highlights include representing Leidos in the enforcement proceedings of an ICC arbitral award with a value of €52m. Gerard Meijer joined Linklaters and Bastiaan Assink was appointed advocate general at the Supreme Court.
Kasper Krzeminski; Mirjam van de Hel – Koedoot; Freerk Vermeulen
‘The team combines a wealth of experience in arbitration with every aspect of service you’d expect from a law firm at this level. This resulted in the team getting quickly to the core of the fairly complex case, them being extremely flexible in responding to developments within the law case itself or on the client side and a full-service approach to us as the customer.‘
‘Kasper Krzeminski was the driving force behind the case. He combined an excellent understanding of the legal side of things with the ability to grasp the particularities of the case. In this he found the right balance between listening to the customer and building on his own vision and experience. In addition to managing the case very well from a process and content perspective, Kasper was also extremely responsive. This really helped when the case got linked to urgent developments at the board level.‘
‘Beside the fact that the team are experts in their respective fields, they provide clear and to the point advice. In their way of advising they have an excellent understanding of the position of their client and know how to respect but also deal with it. The latter is a unique selling point of NautaDutilh.‘
‘Kasper Krzeminski is an excellent lawyer, who is willing to go the extra mile to get the best result. A thorough lawyer with an outstanding skill set.‘
‘Experienced, accurate and quick to research/respond. In my experience NautaDutilh is superior in these qualities to other firms with whom I have worked.‘
‘A particular mention goes to Paul Olden (partner) who is very capable of understanding both the client and the opponent and acting accordingly, with excellence.‘
Ascom Group S.A.
Terra Raf Trans Traiding Ltd.
Chevron / King & Spalding LLP
Diag Human A.S.
Corporate and litigation lawyers, tax advisers and civil law notaries all contribute their individual expertise, ensuring that the team at NautaDutilh can offer clients a fully integrated and seamless service for all media and entertainment matters. Jolize Lautenbach focuses on the regulatory side of the practice, whilst Anne Marie Verschuur is the key contact for IP matters. Homme ten Have, who heads the practice along with them, is a specialist in employment law, especially within the sports sector. Saskia Nuijten, who has extensive litigation experience before the national courts, is also recommended.
Homme ten Have; Jolize Lautenbach; Anne Marie Verschuur
Dutch Foundation for Public Broadcasting (NPO)
Copyrights organization Buma/Stemra
China 3D Digital Entertainment Limited
NautaDutilh's patent litigation expertise includes cases before the Supreme Court, particularly in the life sciences sector. Key clients include Medac, REV'IT! and Heraeus. Practice head Anne Marie Verschuur has significant experience in both litigation and advisory matters.
Anne Marie Verschuur
NautaDutilh > Firm Profile
Firm overview: NautaDutilh is an international law firm practising Dutch, Belgian, and Luxembourg and Dutch-Caribbean law. The firm was founded in 1724 and is one of the largest in the Benelux region, with offices in Amsterdam, Rotterdam, Brussels, Luxembourg as well as in London and New York.
What has kept us relevant all these years is adaptive thinking. This subtle art is all about learning how to think instead of being taught what to think. It allows us to deal with change, learn from new situations and think on our feet when solving problems on behalf of our clients.
NautaDutilh places particular emphasis on combining expertise in those practice areas which are relevant to its clients’ business with an understanding of the underlying industries, and their strategic and economic drivers. This approach defines NautaDutilh’s organisation with its dedicated teams for particular sectors, including financial institutions, real estate, private equity, life sciences, healthcare and energy and natural resources. These teams are all multidisciplinary, combining deep sector knowledge with the highest level of legal expertise.
While its practice is anchored in the jurisdictions of Belgium, the Netherlands and Luxembourg, NautaDutilh works with a substantial number of clients involved in cross-border and multi-jurisdictional transactions and proceedings. The firm works on a non-exclusive basis with leading law firms throughout the world.
Main areas of practice: NautaDutilh is characterised by its significant banking and finance, corporate and dispute resolution capabilities, strengthened by other extensive practice areas.
Banking and finance: NautaDutilh fields the largest acquisition finance, structured finance and general bank lending team in the Netherlands, advising on complex, one-off financing arrangements as well as on mainstream financing arrangements. In addition, NautaDutilh advises on derivatives, financial services and regulatory matters to almost every major domestic or international bank, financial institution and regulatory body with interests in the Netherlands.
Capital markets: NautaDutilh enjoys an international reach through its offices in London and New York. Its capital markets team advises on a range of equity offerings including IPOs, secondary offerings and rights issues. Their debt capital markets expertise includes MTN and commercial paper programmes, notes issues, repackagings and the emerging markets segment of the Eurobond market. Securitisations are an additional focus area within NautaDutilh both for the domestic market and for pan-European transactions, with particular expertise in relation to RMBS and covered bond programmes.
Competition: the NautaDutilh competition practice has an established merger control capability and has significant experience litigating both before the European courts and in the national arena. The team carries out litigation relating to cases involving State aid, cartel damages, merger control and to behavioural cases such as distribution and horizontal cooperation.
Corporate and M&A: NautaDutilh has a significant public M&A capability having advised on almost all transactions involving competing public offers for companies listed in the Netherlands. The team also advises on the buying and selling of domestic and international private companies and businesses. A specific area of expertise is supporting private equity transactions. The corporate team also provides a broad range of advice on corporate and commercial matters with particular emphasis on corporate governance, reorganisations and international joint ventures. The team’s ability to advise and to execute is strengthened by its civil law notarial practice.
Dispute resolution: NautaDutilh handles a broad range of litigation and arbitration relating to securities, transactions, insolvency and restructuring, officers’ and directors’ liability, insurance, IP, employment, regulatory, fiscal and administrative law related issues and commercial cases and benefits from having the only true stand-alone arbitration team in the Dutch market.
The firm is a leading player in class actions, having acted on the ground-breaking Converium case which established the Netherlands as the only European country that has enforced a worldwide class action settlement on an opt-out basis for investors who had been dismissed from a US securities class action by the US court.
Employment & Pensions: as well as advising on the employment law aspects of corporate transactions, in particular with respect to consultation requirements, employee participation and the replacement, and employment terms, of board members, the NautaDutilh pensions and employment team advises on other contentious and non-contentious employment law matters, including collective and individual dismissals.
Insurance & Liability: NautaDutilh provides a broad range of services to insurers, reinsurers and brokers, as well as to companies. The team advises on, and litigates in, all key areas of insurance and civil and commercial liability, including professional, medical, environmental and product liability. The team has extensive expertise in both contentious and non-contentious cases.
Intellectual property: NautaDutilh specialises in patent and trade mark litigation, but also enjoys considerable expertise in the areas of copyright, designs, and neighbouring and database rights, as well as advertising and domain name disputes. The firm litigates nationally and across borders in the Netherlands, Luxembourg and Belgium and regularly coordinates multi-jurisdictional litigation before European tribunals.
Real Estate & Infrastructure: with a substantial team of lawyers, the real estate and infrastructure team supports its clients through the entire life cycle of a real estate/infrastructure project from the development, construction and financing through to the operation of the underlying real estate or infrastructure. Specific areas of enabling expertise include finance, PPP, project development, asset management, landlord and tenant law, planning and zoning, environmental law and construction law.
Restructuring and insolvency: the team advises on financial restructurings as well as on insolvency related litigation and specialises in cross-border cases or cases with an international component. 80% of its cases are carried out in cooperation with foreign law firms.
Taxation: in addition to advising on the taxation aspects of corporate and financial transactions, the NautaDutilh taxation team has an established practice advising corporate clients on their ongoing tax affairs and tax planning.
|Arbitration||Mirjam van de Hel-Koedoot|
|Asset Finance & Structured Finance||Arjan Scheltema|
|Asset Finance & Structured Finance||Michaëla Ulrici|
|Banking & Finance||Arjan Pors|
|Banking & Finance||Pim Rank|
|Banking & Finance||David Viëtor|
|Capital Markets||Petra Zijp|
|Corporate, M&A||Lieke van der Velden|
|Dispute resolution||Daan Lunsingh Scheurleer|
|Dispute resolution||Paul Olden|
|Employment, benefits and pensions||Homme ten Have|
|Energy & Natural Resources||Harm Kerstholt|
|Energy & Natural Resources||Jaap Jan Trommel|
|EU & competition||Mauricette Schaufeli|
|Fraud & White Collar Crime||Marike Bakker|
|Fraud & White Collar Crime||Rutger Kalsbeek|
|Fraud & White Collar Crime||Francien Rense|
|Insurance & Liability||Stijn Franken|
|Insurance & Liability||Sjoerd Meijer|
|Intellectual Property||Anne Marie Verschuur|
|Notarial||Marianne de Waard-Preller|
|Private Equity||Gaike Dalenoord|
|Private Equity||Joost den Engelsman|
|Private Equity||David Viëtor|
|Public Law||Jochem Spaans|
|Real Estate & Infrastructure||David van Dijk|
|Real Estate & Infrastructure||David van Ee|
|Restructuring/insolvency||Robert van Galen|
|Shipping, aviation and transport||Erik Geerling|
|Marike Bakker||Partner||View Profile|
|Nico Blom||Partner||View Profile|
|Mr Wijnand Bossenbroek||Partner, notary||View Profile|
|Gaike Dalenoord||Partner||View Profile|
|Joost Den Engelsman||Partner||View Profile|
|Stijn Franken||Partner||View Profile|
|Erik Geerling||Partner||View Profile|
|Mr Joost Italianer||Advisor||View Profile|
|Kasper Krzeminski||Partner||View Profile|
|Sjoerd Meijer||Partner||View Profile|
|Antonia Netiv||Partner||View Profile|
|Paul Olden||Partner||View Profile|
|Frans Overkleeft||Partner||View Profile|
|Arjan Pors||Partner||View Profile|
|Pim Rank||Of Counsel||View Profile|
|Francien Rense||Partner||View Profile|
|Barbara Rumora-Scheltema||Partner||View Profile|
|Mrs Mauricette Schaufeli||Partner||View Profile|
|Arjan Scheltema||Partner||View Profile|
|Daan Lunsingh Scheurleer||Partner||View Profile|
|Larissa Silverentand||Partner||View Profile|
|Ruud Smits||Partner||View Profile|
|Mr Jochem Spaans||Partner||View Profile|
|Teun Struycken||Partner||View Profile|
|Homme Ten Have||Partner||View Profile|
|Jaap Jan Trommel||Partner||View Profile|
|Mr Sven Uiterwijk||Partner||View Profile|
|Mrs Michaëla Ulrici||Partner||View Profile|
|Paul Van Der Bijl||Partner, notary||View Profile|
|Frans Van Der Eerden||Partner||View Profile|
|Albert Van Der Kolk||Partner||View Profile|
|Lieke Van Der Velden||Partner||View Profile|
|David Van Dijk||Partner||View Profile|
|David Van EE||Partner||View Profile|
|Robert Van Galen||Partner||View Profile|
|Teska Van Vuren||Partner, notary||View Profile|
|Mrs Mirjam Van de Hel-Koedoot||Partner||View Profile|
|Anne Marie Verschuur||Partner||View Profile|
|Mr David Viëtor||Partner||View Profile|
|Chris Warner||Partner||View Profile|
|Petra Zijp||Partner||View Profile|
|Mrs Bianca van der Goes||Counsel||View Profile|
Staff FiguresNumber of lawyers : 400+ at this office :
LanguagesDutch English French German Luxembourgish
OtherContacts : Petra Zijp Contacts : Jaap Jan Trommel Contacts : Chris Warner Offices : Amsterdam Offices : Brussels Offices : London Offices : Luxembourg Offices : New York Offices : Rotterdam
At NautaDutilh, we aim to meet our clients’ needs, contribute to their success and create an inspiring and challenging working environment for our employees. We embrace independence and integrity towards our clients, employees, stakeholders and society at large.
Taking responsibility for the effects of our activities from a social, ecological and economic perspective is a fundamental part of how we think and act. We are firmly rooted in society and actively contribute to the way it functions, based on our specific competences and our diversity, in a way that is true to our character. That same mission was of equal importance to one of our founders, Tobias Asser, who won the Nobel Peace Prize in 1911.
Today, we are involved in and support a wide range of activities, such as the Lawyers for Lawyers Foundation where we sit on the board, and are the exclusive legal advisers to the SI² fund, which invests in innovative, socially responsible companies. We also participate in Pro Bono Connect and are among the 13 law firms that support the public interest clearinghouse. We set aside time to contribute to new legislation and regulations through consultation procedures, and encourage the relatively large number of academics in our ranks to take part in them. In addition to various internal initiatives, many of our people are active in political, social and/or cultural activities and events outside of work.
Sustainable development has always been high on NautaDutilh’s list of priorities. The Think Green Committee has played a key role in fostering environmental awareness within thefirm since 2004. The committee’s aim is to raise environmental awareness through actionswhich involve everyone, such as the reduce of paper and energy consumption and the useof public transport or bike.
We are firmly convinced of the benefits of a diverse workforce. It has been on our priority list since 2001. A more active approach was taken in 2005 by the establishment of a firmwide Diversity Committee. Together with other law firms, we’ve also created the Women in Law (WIL) Program, a training program for young female lawyers intended to improve their soft skills and provide them with the tools they need to succeed in the legal profession.
Children and Law
We are especially dedicated to playing an active role in society for children who have poor access to ‘law’. One of the organisations we support in this light is KidsRights, which promotes the well-being of vulnerable children across the world and advocates for the realization of their rights. We also support JINC, giving young people a better chance for the future, and introduce children from underprivileged neighbourhoods to the concept of ‘law’ at the IMC Weekend School. We also provide legal services the Kindertelefoon (Child Helpline) on a pro bono basis.
Corporate Social Responsibility; Empowering the Next Generation
Social engagement and corporate responsibility are inextricably bound up with NautaDutilh’s day-to-day legal practice. We help companies in a wide range of sectors to resolve the issues they are or will be facing in an equitable and practical manner.
Sharing knowledge and working in concert are paramount. We feel that corporate social responsibility entails so much more and have taken “Empowering the next generation” as our main motto. We are committed to strengthening the position of the next generation by giving them opportunities in a sustainable world.
A diverse and safe working environment
An important part of our strategy is our diversity policy. We aim to promote a safe working environment in which employees feel free to be themselves. Gender diversity, LGBT+ diversity, and cultural diversity are of primary concern. We believe that diversity makes a team stronger.
The current male to female ratio in our partner population is approximately 30/70. Although this makes NautaDutilh one of the top 5 Dutch law firms in terms of diversity, our goal is 50/50, which we hope to achieve by actively recruiting and retaining talented women with, among other things, effective career coaching and by preventing subconscious prejudice from rearing its head in performance reviews. In terms of up-and-coming talent, we are already at 50/50.
In 2014, NautaDutilh became the first independent law firm in the Benelux to have its own LGBT+ network. We are one of the co-founders of Stichting Forward, which aims to promote the acceptance, recognition, and visibility of LGBT+ in the Dutch legal profession.
NautaDutilh also strives for a greater influx of culturally diverse talent. To implement this in practice, we, for example, work with Diversity Dinner. We have partnered this initiative since its launch in 2016.
You can find a more in-depth overview of our CSR policy here.
Founded in 1724, we have literally centuries of experience in advising in complex cross-border and multi-jurisdictional proceedings and transactions. More than 50% of our clients have their corporate headquarters outside the Benelux countries.
We have long-standing relationships with most of our clients, which marks our goal: we are in for the long run. We strive to contribute to our clients’ business with an understanding of the underlying industries, and their strategic and economic drivers. In an ever-increasing competitive environment, we believe that we can make a difference to our clients by combining the best expertise of our multidisciplinary teams, by our proactive approach as well as by offering an exceptional client experience at every moment. The firm has worked with a diverse range of international clients including Airbus, Apollo, Bank of America, Carlyle, Daimler, Deloitte, Deutsche Bank, Johnson & Johnson, Mylan, Samsung, Shell, Uber or Unibail-Rodamco-Westfield to name just a few.
Our lawyers are truly international in practice and culture. Most have studied abroad, worked in our London or New York offices* or at one of our “good friend” law firms abroad. They regularly travel to meet with clients and co-counsel in an effort to truly understand and address client needs. They have a deep understanding of the many ways in which people from other cultures conduct business. NautaDutilh has permanent teams (country desks) to monitor presence and competences in markets other than Belgium, the Netherlands, the Netherlands Antilles and Luxembourg. Our current teams monitor market developments and players in China, India, Japan, Germany and France. The country desks help NautaDutilh’s clients find their way round in the country concerned. The country desks also assist foreign clients in finding their way round in the Netherlands, Belgium and Luxembourg.
Our clients benefit from our strong international network which is currently covering more than 140 jurisdictions in the world. Firms in this network include full service as well as specialised law firms. Since our foundation in 1724 we have stuck to our strategy of being an independent law firm. As a result, our clients get highest value for money since we are having no constraints due to formal alliances or having to cross-sell fixed networks. Every company, every jurisdiction and every situation is unique; thanks to our approach our clients can be sure to get the most suitable legal expert, taking into account the quality of their reputation, understanding of the relevant businesses, technical advice and client service. We cultivate our relations with other firms. By striving to excel client wishes, we have become a member of a fraternity of firms around the globe with the same approach.
We have offices in Amsterdam, Rotterdam, Brussels and Luxembourg, as well as in London and New York*. We assist our clients in our domestic markets of the Netherlands, Belgium and Luxembourg and worldwide.
*NautaDutilh practices Dutch, Belgian, Luxembourg and Dutch Caribbean law.
Press Releases18th February 2020 On 3 February 2020, NautaDutilh strengthened its Luxembourg funds practice with the arrival of investment funds partner Luc Courtois. Prominent in his field, Luc has more than 25 years' experience on the Luxem-bourg legal market, with a strong focus on investment management. His practice covers the full range of Luxembourg-based UCITS and alternative funds as well as all legal aspects of investment funds, man-agement companies and their activities.
13th February 2019
NautaDutilh is pleased to announce the establishment of its Luxembourg Insurance and Reinsurance practice, another big step in the firm's ongoing expansion. The new practice group reflects increased client demand for legal services in the insurance field.
5th October 2017
NautaDutilh expands its New York office with a Luxembourg desk headed by Jad Nader, who recently has been named local partner. The firm's New York satellite team advises US clients on Dutch, Belgian, and Luxembourg law, particularly in regard to cross-border banking and finance and corporate M&A transactions. The arrival of a Luxembourg partner will increase the firm's capacity to handle Dutch and Luxembourg matters locally.
13th April 2017
NautaDutilh Luxembourg is organising a breakfast seminar on outsourcing in the financial sector, which will take place on Wednesday, 10 May 2017.
20th March 2017
NautaDutilh Avocats Luxembourg defended the interests of luxury fashion house Fendi in proceedings against US-based Coach for infringement by the latter of Fendi's EU design rights in its Peekaboo handbag.
20th March 2017
NautaDutilh Luxembourg is organising a breakfast seminar on the financing of Luxembourg investment funds, to be held on Thursday, 6 April 2017 at the Waldorf Hilton.
17th February 2017
NautaDutilh assisted Raizen Fuels Finance S.A., as issuer on its USD 500 million 5.3% senior notes offering which successfully closed on 20th January. The issuer is part of the Brazilian Raizen group, the world largest individual producer of sugar cane. The Raizen group also operates a network of more than 5,800 Shell-branded stations in Brazil.
Legal Developments21st April 2020 A disruptive cultural shift is driving change in the financial industry. Investors and new sources of deals are redesigning the fundamentals of the asset management business.In the asset management sector, trends have generally evolved to keep pace with the need to identify new ways of delivering alpha, as investors have traditionally been focused mainly on return. Today, however, investors are increasingly concerned with the social impact of their investments. The communication on the European Green Deal recently issued by the European Commission is representative of this changing environment. Indeed, the EU aims to become climate neutral by 2050. On a more global scale, similar sentiments were voiced at the last UN Climate Change Conference (COP 25) in Madrid. Initiatives at the European and national levels focusing specifically on the financial industry are also being taken, such as Regulation (EU) 2019/2088 on sustainability‐related disclosures in the financial services sector. In the Grand Duchy of Luxembourg, there is already a legal framework for green covered bonds linked to renewable energy projects; in addition, a new bill (no. 7433) on sustainable finance aims to introduce more favourable rules for inter alia funds with environmental, social and governance (“ESG”), green or similar investment strategies. Finally, the Luxembourg Stock Exchange has issued guidelines for reporting on ESG aspects that address “the specific scope and needs of its three main stakeholders: companies, issuers of sustainable debt instruments, and asset managers active in sustainable & responsible investment funds”. The real economy is influencing the financial economy and forcing portfolio managers to develop products that are more in line with investors’ expectations. Unless they have a positive impact on, for example, the environment, the healthcare system or access to affordable housing, strategies will not be considered in line with current trends, regardless of whether they take a short or long approach, relate to a correlated or uncorrelated investment approach or public or private debt. There is indeed growing demand for the industry to participate in resolving questions and respond to real-life needs. ESG investing takes into account both ethical factors and financial elements in the decision-making process and has become increasingly common worldwide in recent years. Once a niche approach thought to come at the expense of returns, such strategies have proven that they can be market-beating. As ESG momentum builds, it is argued that companies can no longer afford to ignore ESG ratings. Last year, record amounts were invested in so-called sustainable funds. Within the overarching category of sustainable investing, strategies include ESG integration, socially responsible investing and impact investing. In brief, the primary factor in ESG integration is still financial performance, while impact investing is meant to maximise, with a quantifiable impact, social reach. Socially responsible investing can be considered to fall somewhere in the middle. The first priority for ESG integration strategies remains financial performance, while impact investing focuses on achieving the greatest possible social reach. Performance measurement is coming under increasing scrutiny by investors, and asset management firms need to be able to report on financial and social results in a transparent manner. Digital transformation In the financial sector, digital transformation tops the list of priorities of a majority of financial institutions and actors. The integration of digital technologies into all areas of business, including human resources and finance, entails a cultural shift and requires organisations to constantly question themselves and the way they operate and deliver value to customers. In practice, we may expect increasing adoption of digital operating models, including integrated cross-functional teams, better use of artificial intelligence and machine-learning processes, greater reliance on the public cloud, encompassing a more detailed legal and regulatory framework, and finally continuous investment in data storage in order to synthesise data and facilitate their use. Luxembourg, the frontrunner in anticipating and driving change The Luxembourg financial sector is already investing in new standards and processes and revamping its service offering in order to adapt to the rapidly changing landscape. One of the keys to the success of the Luxembourg financial sector is the speed at which participants (i.e. service providers, credit institutions, auditors, lawyers and authorities) invest in and purchase new skills and technologies to ensure they are seen as modern, mature and competent business partners by the international markets. As has been the case in the past for other strategies, knowledge and expertise in new areas of investment and services, to anticipate and drive change, will enable the Grand Duchy to remain a location of choice for investors and asset managers. Law firms need to consider all aspects of digital transformation as well as ESG issues and impact-investing asset classes and understand the various components and models in order to be able to assess them adequately in the due diligence process and ensure that they are reflected in contractual and legal documentation. As global front-runners, Luxembourg financial sector players have not only an opportunity but also a duty to stay on top of these trends. Understanding ESG and digital transformation entails implementing appropriate processes within each organisation and constantly innovating by adopting an open-minded, ESG-oriented approach in all areas of business.
Top Tier Firm Rankings
- Banking and finance: asset finance and structured finance
- Banking and finance: Financial services regulatory
- Banking and finance: lender or arranger side
- Capital markets: debt
- Commercial, corporate and M&a
- Dispute resolution: Commercial litigation
- Dispute resolution: Mediation
- Energy: transactional
- Fraud and white-collar crime
- Lender or arranger side
- Industry focus: Food
- Industry focus: healthcare and life sciences
- Investment funds
- Restructuring and insolvency
- Banking and finance: Borrower side
- Capital markets: equity
- Environment and planning
- EU and competition
- Industry focus: retail
- Intellectual property: trade marks, copyrights and design rights
- Private equity
- Project finance and PFI
- Real estate
- Data privacy and data protection
- Dispute resolution: arbitration
- Industry focus: Media and entertainment
- Intellectual property: Patents