Clifford Chance > Amsterdam, Netherlands > Firm Profile

Clifford Chance
DROOGBAK 1A
1013 GE AMSTERDAM
Netherlands

Netherlands > Banking and finance: Borrower side Tier 1

Angela McEwan, who is qualified in England and Wales, heads the global financial markets group at Clifford Chance, and has an excellent track record in borrower-related matters involving corporate lending, acquisition finance and project finance, among others. Elsewhere, clients including Dutch and international corporates, as well as private equity firms, seek the advice of the team in transactions relating to leveraged finance, syndicated finance, real estate finance, bond/loan financing and infrastructure finance. In a recent highlight, Titus De Vries assisted PostNL with the completion of a five-year €200m sustainability-linked revolving credit facility, replacing the former €400m multi-currency revolving credit facility, highlighting the firm’s uptick in ESG-related instructions. Nienke van Stekelenburgh, Jelle Hofland and Folko De Vries are among other key individuals at the firm.

Practice head(s):

Angela McEwan

Other key lawyers:

Testimonials

‘Titus de Vries delivered when the timelines were tight in a commercial yet pragmatic manner whilst keeping us informed and engaged.’

‘Titus is responsive and easy to connect with. His involvement feels exclusive and offers the comfort that the deal receives his full attention.’

Key clients

Pon Holdings B.V.

PostNL

Raben Group

Rivean Capital

Omni Helicopters International

HPI Group

AVR Afvalverwerking

IK Partners

Five Arrows

NPM Capital

Work highlights

  • Advised PostNL in relation to the successful completion of a five-year €200 million sustainability linked revolving credit facility, including two one-year extension options.
  • Advised logistics operator Raben Group on the closing of a €225 million five-year inaugural sustainability-linked loan, with a group of seven banks. This is one of the first club deal sustainability-linked loans in the logistics industry in Europe.
  • Advised private equity firm Rivean Capital (formerly Gilde Buy Out Partners) on the acquisition of ERP software company To-Increase B.V. from Danish listed company Columbus A/S and on the financing of that acquisition (€113 million).

Netherlands > Banking and finance: lender or arranger side Tier 1

Clifford Chance‘s global financial markets practice, which comprises both Dutch and English-law qualified lawyers, has a standout reputation in the financing arena. The team represents a broad range of lender and arranger clients, including domestic and international banks, private equity firms, export credit agencies, private debt investors and institutional investors, among others. Angela McEwan leads the team; her wide-ranging expertise includes leveraged finance, corporate lending, real estate finance, trade and commodity finance, export credit finance, structured finance and asset-based finance. In a notable highlight, Jelle Hofland and Boudewijn Vermeer advised the three largest Dutch banks (ABN AMRO, Rabobank and ING) on the €280m financing of the acquisition by Parcom and Mississippi Ventures of Hema. Hein Tonnaer specialises in project finance transactions, with a strong focus on renewable energy. Titus De Vries, Nienke van Stekelenburgh and David Woolmer are among other key individuals.

Practice head(s):

Angela McEwan

Other key lawyers:

Folko de Vries; Titus de Vries; Jelle Hofland; Hein Tonnaer; Bas Boris Visser; Nienke van Stekelenburgh; Ilse van Gasteren; Jurgen van der Meer; Boudewijn Vermeer; David Woolmer

Testimonials

‘The team understands the way we work and is therefore able to take a large part of the work related to a deal out of our hands.’

‘Our key contact, Boudewijn Vermeer, has a direct and open approach. He is able to find pragmatic solutions that fit our purpose.’

‘Our team has a very extensive experience with Clifford Chance on corporate and syndicated loans.’

‘Titus de Vries is our go-to partner.’

Key clients

ABN AMRO Bank N.V.

Cooperatieve Rabobank U.A.

FBN Capital Limited

ING Bank

FMO

Natixis

J.P. Morgan

Work highlights

  • Advised the senior lenders on the financing of the joint venture (Glaspoort) between Royal KPN N.V. and APG Asset Management for the roll-out of glass fibre internet networks, with a total capital expenditure of around €1.2 billion.
  • Advice to the lenders in connection with the English law-governed finance arrangements and project finance documents, including gas supply agreements and associated documents.
  • Advising a syndicate of Dutch and foreign financial institutions (ABN AMRO, Rabobank, ING, HSBC, Barclays, Credit Suisse and BNP Paribas) in relation to the refinancing of an existing revolving credit facility agreement for Fugro N.V. and its subsidiaries.

Netherlands > Capital markets: debt Tier 1

Under the leadership of Jurgen Van Der Meer, Clifford Chance‘s debt capital markets team provides ‘unrivalled insight into the Dutch regulatory capital market’, which is aided by the firm’s expansive international network. The practice is often involved in first-of-its-kind transactions, particularly in relation to green bonds, and covers the whole gamut of matters. Van der Meer’s areas of expertise extend to eurobonds and subordinated debt issuances, while counsel Dewi Walian is regularly sought after for her experience in investment grade and regulatory-driven debt offerings. Senior counsel Tineke Kothe focuses on banking and securities law, where she acts for both issuers and underwriters.

Practice head(s):

Jurgen van der Meer

Other key lawyers:

Testimonials

‘Unrivalled insight into the Dutch regulatory capital market.’

Key clients

NatWest Markets N.V.

ABN AMRO Bank N.V.

Coöperatieve Rabobank U.A.

LeasePlan Corporation

Stedin Holding N.V.

Basic-Fit N.V.

Credit Suisse

JP Morgan

ING Bank

Morgan Stanley

Citigroup

Airbus

Telefonica Europe

Work highlights

  • Advised ING, BNP Paribas and Rabobank on Triodos’ inaugural issue of €250 million “Green Capital” Subordinated Tier 2 Notes, listed on Euronext Amsterdam.
  • Advised LeasePlan on the annual update of LeasePlan’s €15 billion Debt Issuance Programme, under which LeasePlan may issue notes which may be senior or subordinated and are listed on Euronext Amsterdam and the Luxembourg Stock Exchange.
  • Advised ABN AMRO Bank N.V. on a dual tranche issuance of $1bn 2.470% green senior non-preferred callable fixed rate reset notes and $1bn 3.324% fixed rate reset subordinated Tier 2 callable notes under its $25bn programme for the issuance of senior preferred/senior non-preferred/subordinated medium term notes.

Netherlands > Dispute resolution: Mediation Tier 1

Clifford Chance is involved in high-stakes mediation in the Netherlands, providing international banks, audit companies, FTSE 100 and blue-chip companies with Dutch market expertise and international mediation with a Dutch angle. Dirk-Jan Duynstee handles financial mediation disputes, involving bankruptcy. Counsel Juliette Luycks is a CEDR and FIDE accredited mediator, assisting clients in mediation and acting as a panellist on mediation-related topics.

Practice head(s):

Dirk-Jan Duynstee; Juliette Luycks

Netherlands > Energy: transactional Tier 1

Clifford Chance has a strong reputation in the energy sector, drawing on its global network and fielding lawyers experienced in corporate, finance, and regulatory law to assist with complex, high-value, and cross-border projects. The firm also has strengths in transactions, including acquisitions and divestments of both assets and companies in the energy sector. Hein Tonnaer, Liesbeth Buiter, and Nanette Rutgers lead the team; they have significant expertise in financing, including for high-energy-use developments such as data centres.

Practice head(s):

Hein Tonnaer; Liesbeth Buiter; Nanette Rutgers

Other key lawyers:

Angela McEwan; Mike Niekoop; Lotte de Bruin; Philip Walsh

Key clients

Vattenfall

Stedin Holding

Encavis

Diamond Generating Europe Limited / Mitsubishi

Eneco

Eteck

Blue Elephant Energy AG

3i Infrastructure and Oiltanking

DIF Capital Partners

Tikehau Investment Management

FMO

Waterland Private Equity

Sunrock

SkyNRG

Partners Group

TPD

PGGM

Rabobank

Work highlights

  • Advised leading European energy company Vattenfall in relation to the agreement with BASF on the sale of 49.5 percent of the offshore wind farm Hollandse Kust Zuid, and further on the onwards sale of a portion of BASF’s stake to Allianz Capital Partners.
  • Advised the lenders in relation to the financing of six Windplan Groen wind farms.
  • Advising the Dutch and French development banks in relation to a loan to Pakistani electricity provider K-Electric.

Netherlands > Private equity Tier 1

The private equity practice at Clifford Chance handles high-end transactions across sectors including technology, healthcare and life sciences, financial services, manufacturing and infrastructure, and is well-placed to leverage the firm’s global footprint to assist with cross-border deals. Mark-Jan Arends, who leads the ‘highly dedicated and agile team’, has been kept busy with strategic and portfolio acquisitions, as well as divestitures, while Gregory Crookes has experience in both buy-side and sell-side transactions, particularly in the TMT sector. Jan-Hendrik Horsmeier is also noted for his expertise in the technology arena, in addition to handling energy and infrastructure-related transactions.

Practice head(s):

Mark Jan Arends

Other key lawyers:

Testimonials

‘Highly dedicated and agile team.’

Key clients

Tele2

Partners Group

KKR

DTCP

EQT Infrastructure III

Teslin

Roompot

ACT

CVC Capital Partners

AOC

Curaeos

Rivean Capital

EQT Partners

Work highlights

  • Advised Tele2 on its agreement with Deutsche Telekom to sell T-Mobile Netherlands to funds advised by Apax Partners and Warburg Pincus, a private equity consortium, for an enterprise value of €5.1bn.
  • Advised Partners Group in relation to the buyout of enterprise cloud software company Unit4 by private equity firms TA Associates and Partners Group in a deal value in excess of $2bn.
  • Advising a consortium led by KKR and consisting of Teslin on the public offer for all of the issued and outstanding ordinary shares in Accell Group.

Netherlands > Project finance and PFI Tier 1

Innovation is a core focus at Clifford Chance, with the firm offering advancements in portfolio financing work, along with sustainability and ESG initiatives to a broad array of clients, both sponsor- and lender-side. The firm is able to leverage expertise with a large team of lawyers specialising in project finance and drawing on international resources for significant multi-jurisdictional projects. The team has a focus on the energy sector, specifically renewable energy projects including wind and solar power, and also advises on several large PPP and infrastructure projects, most notably data centres. Liesbeth Buiter specialises in renewable energy project matters, whereas Hein Tonnaer focuses on project and asset finance, sitting within the global financial markets group; the duo co-lead the team alongside Nanette Rutgers, a senior counsel, active in general bank lending, project finance and secured lending issues, and counsel Mike Niekoop, who specialises in renewable energy, real estate finance, leveraged finance and asset-backed finance transactions.

Practice head(s):

Hein Tonnaer; Liesbeth Buiter; Nanette Rutgers; Mike Niekoop

Key clients

Vattenfall N.V.

Rabobank

Nederlandse Waterschapsbank

ING Bank N.V.

NIBC Bank N.V.

ABN AMRO Bank N.V.

Banco Santander S.A.

Natixis

Nomura

SMBC

Société Générale

National Australia Bank Limited

KfW IPEX

Eteck

SkyNRG B.V.

TIKEHAU INVESTMENT MANAGEMENT

Borssele III and IV

Diamond Generating Europe Limited

BEEGO IPP GmbH

Kroningswind B.V.

Encavis

Work highlights

  • Advised leading European energy company Vattenfall in relation to the agreement with BASF on the sale of 49.5 percent of the offshore wind farm Hollandse Kust Zuid, and further on the onwards sale of a portion of BASF’s stake to Allianz Capital Partners.
  • Advised the lenders in relation to the financing of six Windplan Groen wind farms.
  • Advised the lenders and Sunrock on the entire structuring, including unique features of rolling in fixed rate loans in combination with floating rate loans involved the refinancing of multiple bilateral financing arrangements into one portfolio financing with a limited group of banks.

Netherlands > Restructuring and insolvency Tier 1

Clifford Chance regularly acts for companies, creditors, and shareholders in domestic and cross-border restructurings. The team has been engaged by syndicates of lenders and has a strong focus on stakeholder alignment in cross-border negotiations. Following market developments regarding supply chain bottlenecks and energy price increases, the firm has gained notable experience in heavily impacted sectors including shipping, hospitality, and airlines. The practice is jointly led by Ilse van Gasteren and Jelle Hofland, who are closely involved in bankruptcy legislation initiatives and have considerable experience in syndicate lending, leveraged finance transactions and multi-party cross-border restructurings. The team is also active in contentious insolvency proceedings with counsel Evert Verwey, who specialises in insolvency-related and contentious restructuring matters.

Practice head(s):

Ilse van Gasteren; Jelle Hofland

Other key lawyers:

Key clients

ABN AMRO

Rabobank

ING Bank N.V.

Deutsche Bank

Warmtebedrijf Holding

HEMA

Damen Shipyards Group N.V.

TMF Netherlands B.V.

Otravo Topholding B.V.

BNP Paribas N.V.

Work highlights

  • Advised a syndicate of national and international banks led by ABN AMRO, Rabobank and ING in negotiations with KLM Royal Dutch Airlines and the Dutch State in relation to the €3.4 billion financial support package for KLM, which was in financial difficulty as a result of Covid-19.
  • Acted as litigation counsel for the RCF Lenders with regard to ongoing issues around the bankruptcy of Royal Imtech N.V., with a variety of disputes between our client base and bankruptcy receivers that remain to be resolved and/or litigated.
  • Advised HEMA in relation to a specific piece of advice required for the sanctioning of its scheme of arrangement by providing a detailed expert report to the High Court of England and Wales on whether a Dutch court would recognise an English court order sanctioning the HEMA scheme of arrangement.

Netherlands > Banking and finance: asset finance and structured finance Tier 2

Practice head Nienke van Stekelenburgh leads the structured finance and securitisation practice at Clifford Chance, which focuses on RMBS and CMBS transactions, trade and lease receivables financings, and auto-loan securitisations, among others. It is active in the Dutch market, advising on cross-border mandates and regularly working on market-first transactions, such as a private trade receivables securitisation that was structured to meet the STS criteria under the EU Securitisation Regulation. Other key team members include senior associate Ksenia Kuznetsova, specialising in structured debt transactions with a focus on RMBS, and recent arrival Marijke van der Weide, who joined as counsel in February 2022 and is already demonstrating her ability to act as lead counsel.

Practice head(s):

Nienke van Stekelenburgh

Other key lawyers:

Testimonials

‘The firm has an international presence and an understanding of our specific products (securitisation, trade receivables finance).’

‘Marijke van der Weide is very cooperative, energetic and has deep industry knowledge.’

Key clients

Stiching Trustee

Elavon Financial Services

Goldman Sachs

Raben Group

Rabobank

Natixis

Citibank Europe plc

NIBC Bank

Credit Agricole

Work highlights

  • Assisted Barclays Bank, BNP Paribas, HSBC and NATIXIS as joint lead managers with the issuance of mortgage backed (RMBS) notes by Dutch Property Finance 2021-2 B.V.
  • Assisted Barclays Bank, BNP Paribas, HSBC and NATIXIS as joint lead managers with the issuance of mortgage backed (RMBS) notes by Dutch Property Finance 2022-1 B.V.
  • Advised Stichting Trustee Dutch Property Finance 2021-1 as Security Trustee and Elavon Financial Services DAC as Paying Agent and Registrar on the issuance of mortgage backed (RMBS) notes by Dutch Property Finance 2021-1 B.V.

Netherlands > Banking and finance: Financial services regulatory Tier 2

Jurgen Van Der Meer leads the financial regulatory team at Clifford Chance, whose advice and global reach is particularly important to Dutch and international financial institutions, including banks, investment firms and trading houses, among others. In addition, it has detailed knowledge of and contacts at key Dutch and European regulators, such as the Dutch Central Bank, the Financial Markets Authority, and the European Central Bank. The team handles licence applications, regulatory capital issuances, cross-border restructurings, as well as an increasing number of financial institutions (FIG) M&A work. Elsewhere, it addresses complex issues arising from new regulations, such as CRR/CRD, MiFID, PSD, MICAR and DORA. Fintech is another notable strength, with the firm advising startups, scale-ups and big techs, as well as clients offering payment and cryptocurrency services. Counsel Marian Scheele is also noted.

Practice head(s):

Jurgen van der Meer

Other key lawyers:

Bas Boris Visser; Marian Scheele; Robert Smits

Testimonials

‘Dedicated and knowledgeable team with a commercial mindset.’

‘Jurgen van der Meer is dedicated and an absolute pleasure to work with.’

‘I am very impressed with Marian Scheele. She is very proactive in assisting with regulatory challenges, of which there are many.’

‘Marian Scheele has exceptional qualities. She is a great communicator and an excellent lawyer.’

Key clients

The Blackstone Group Inc.

ACT Commodities

Trade Republic

MUFG

Citigroup

J.P. Morgan

Scotiabank

ING Bank N.V.

BNP Paribas

Rabobank

IMC

Adyen

Tencent

Mollie

Safened-Fourthline

Litebit

Athora

Reggeborgh

MarketAxess

Work highlights

  • Advised Blackstone on an all-cash public offer for all issued and outstanding shares in the capital of NIBC at an offer price of €9.85 (cum dividend) per share, valuing NIBC at approximately €1.36 billion cum dividend.
  • Advised ACT, a leading provider of custom market-based solutions for reducing carbon footprints, in relation to a minority investment from Bridgepoint, a quoted private assets growth investor.
  • Assisted Trade Republic with financial regulatory, data privacy and tax advice, in connection with its ongoing compliance and expansion plans.

Netherlands > Capital markets: equity Tier 2

With a ‘diligent though pragmatic approach’, the ECM practice at Clifford Chance is often involved in high-profile transactions in the Dutch market. Working closely with the firm’s other European offices, the team is frequently instructed by tech companies and multinational corporates to assist with IPOs, secondary offerings or share buy-backs. Practice head Han Teerink is a popular choice for both issuers and underwriters for equity capital markets matters.

Practice head(s):

Han Teerink

Testimonials

‘Leading Dutch ECM team with knowledgeable professionals (incl. US) with a strong track record and a diligent though pragmatic approach.’

‘Han Teerink is a very knowledgeable professional with a good track record in the Dutch ECM market.

‘Hen Teerink is very strong in “connecting the dots”, which makes him a pleasant sparring partner on multiple transaction topics.’

Key clients

Deutsche Bank AG

ABN AMRO

Rabobank

Navitas Capital

Citigroup

Goldman Sachs

JP Morgan

Barclays

BNP Paribas

Jefferies

BofA

ING Bank

Pekao

Stedin Group

Joh. Berenberg, Gossler & Co. KG

Dongfeng

Morgan Stanley Europe SE

Hartwig Houdstermaatschappij B.V.

Work highlights

  • Advised the syndicate of banks on the listing on Euronext Amsterdam of Azerion via a business combination with European FinTech IPO Company 1 B.V. (EFIC1), a special purpose acquisition company (SPAC), valued at €1.8bn.
  • Advised the underwriters on the proposed Euronext Amsterdam IPO and listing of CoolBlue.
  • Advised Stedin Group in relation to strengthening its equity by €200m in the form of cumulative preference shares issued to a large majority of its shareholders.

Netherlands > Commercial, corporate and M&A Tier 2

Praised for its ‘high availability and top-notch advice’, Clifford Chance acts for leading financial investors, as well as domestic and multinational companies, on public and private M&A, joint ventures, restructurings and corporate governance matters. Practice leader Mark Jan Arends has been kept busy with high-end acquisitions in the technology sector, while Gregory Crookes has demonstrable experience providing buy-side and sell-side representation on cross-border transactions. Jan-Hendrik Horsmeier is noted for his expertise in the energy and infrastructure areas, focusing on M&A, joint ventures and corporate advisory mandates, and Jeroen Thijssen, who is commended as ‘solution-oriented’, is another key contact. Stephanie Horowitz joined from Allen & Overy LLP in December 2021. Hans Beerlage left the firm in January 2022.

Practice head(s):

Mark-Jan Arends

Other key lawyers:

Testimonials

‘Business orientated, always available and able to cover all areas.’

‘Senior associate Pieter Leefers managed our M&A transaction in a pragmatic, business orientated, quick and cost efficient manner. He was reachable at all times, and never lost his good spirits despite the long process, very good negotiator.’

‘Jeroen Thijssen is always available and solution orientated.’

‘Dedication from the team to work hard in the best interest of the client. High availability and top-notch advice.’

‘Pieter Leefers is agile and positive minded. Had full control and oversight of the project.’

Key clients

Tele 2

Partners Group

Vattenfall

KKR

Digital Infrastructure Vehicle (DIV)

EQT Infrastructure III

Teslin

Encavis Infrastructure Fund III

Gilde Buy Out Partners

CVC Capital Partners

Blackstone

3i Infrastructure and Oiltanking

Royal Ten Cate

Oreades

Tencent

Prosus

Stedin Group

Waterland

ACT

Curaeos

Babilou Family

Work highlights

  • Advised Tele2 on its agreement with Deutsche Telekom to sell T-Mobile Netherlands to funds advised by Apax Partners and Warburg Pincus.
  • Advised Partners Group in relation to the buyout of enterprise cloud software company Unit4 by private equity firms TA Associates and Partners Group in a deal value in excess of $2bn.
  • Advised Vattenfall N.V. and Vattenfall Duurzame Energie N.V. in relation to the agreement with BASF on the sale of 49.5% of the offshore wind farm Hollandse Kust Zuid.

Netherlands > Dispute resolution: Commercial litigation Tier 2

Clifford Chance‘s sizeable dispute resolution practice is well placed to resource large and critical cases in the market for blue-chip clients and international investment banks. Head of the litigation practice Dirk-Jan Duynstee specialises in corporate and securities litigation, including directors’ liability claims, governance issues, shareholder disputes and public-takeover litigation. Class action-focused Daan Lunsingh Scheurleer frequently acts for issuers, financial institutions and audit companies as defence counsel in disputes related to climate change, securities issues, fraud and cartel damages. Jeroen Ouwehand and recently promoted partner Guido Bergervoet are further names to note for financial litigation, while counsel Evert Verwey works on contentious insolvency and restructuring matters.

Practice head(s):

Dirk-Jan Duynstee

Other key lawyers:

Daan Lunsingh Scheurleer; Juliette Luycks; Jeroen Ouwehand; Guido Bergervoet; Evert Verwey; Charlotte Spierings; Tiemen Drenth; Brigitta Jakic

Testimonials

‘The firm has a multidisciplinary approach with excellent coordination and teamwork between partners, leading to an efficient and high-quality legal service.’

‘The Commercial Litigation team stands out in respect of setting strategy, always tuned in to commercial opportunities, the reputational impact and socio-economic developments globally.’

‘Dirk-Jan Duynstee and Brigitta Jakic are both very knowledgeable, hardworking and in a positive way “relaxed” and fun to work with.’

‘Daan Lunsingh Scheurleer is great to work with. An all-rounder, very passionate, always curious and never afraid to ask questions.’

‘Daan Lunsingh Scheurleer is a great strategist and integrator of all the different angles large international cases.’

‘Tiemen Drenth is an impressive senior associate. Very knowledgeable, can grasp a matter quickly, very friendly, organised and communicative.’

‘Tiemen Drenth goes beyond what you would expect from someone with his level of experience by having a very broad knowledge of markets, players, economics and politics. That gives him good business acumen combined with strong legal advice.’

‘Clifford Chance’s legal work is always solid but on top of that they work hard to add more value to it by having diversity in their team, creative thinking and challenging themselves.’

Key clients

Adyen

Airbus SE

Deloitte Accountants B.V.

FHG

Lucerne Capital Management LP

Morgan Stanley

PricewaterhouseCoopers

Republic of Ecuador

Shell plc

Spala Investments XXI S.L.

The Dutch Ministry of Finance

TMF

Warmtebedrijf Holding B.V.

Netherlands > Fintech Tier 2

With access to a strong global network of offices, Clifford Chance’s fintech team handles multi-jurisdictional financial regulatory and banking matters. Specific areas of focus include payments, crypto, brokerage and crowdfunding services, including the associated data privacy, IP and cybersecurity matters. The full-service team acts for clients including fintech companies and start-ups, particularly those involved in payment services and online banking. The team is led by Marian Scheele, ‘an undeniably excellent lawyer’, who specialises in the financial regulatory aspects of fintech, with a strong sector focus on global tech; she advises on new products, licensing and registration, and other corporate matters for fintech clients including M&As.

Practice head(s):

Marian Scheele

Other key lawyers:

Nienke van Stekelenburgh; Jaap Tempelman

Testimonials

‘There is a good balance within when sharing tasks within the team. Accessibility is very good. Contact is possible at very short notice. Invoices are well matched to the quality of the work. I felt that this allowed us to get to the goal and destination quickly without fuss. Nienke van Stekelenburgh is always available for the client.’

‘Marian Scheele is an undeniably excellent lawyer who is familiar with the latest discussions, latest documents and draft bills around crypto and legislation in the Netherlands and in Europe. With her knowledge she knows how to discuss the points that matter, peripheral issues are indicated but otherwise left for what they are.’

‘Very knowledgeable and experienced team with good industry knowledge. I am particularly impressed by the team’s ability to handle the most complex cross-border financial regulatory and tech matters in a quick and efficient way.’

‘Marian Scheele really understands the Fintech-industry and our business and can quickly pin down complex issues to their essence.’

Key clients

Adyen

Tencent/WeChatPay

MTN Group

FlatexDeGiro

Safened-Fourthline

OKCoin

IMC

Mollie

ING Bank N.V.

Naspers

Oreades

Anycoin

Block.one

Trade Republic Bank

LiteBit

Floryn

Hartwig

Work highlights

  • Advising FlatexDeGiro, an online stockbroker, in relation to financial regulatory issues, including: its compliance tool; the offering and providing of FlatexDeGiro’s products and services in the context of MIFID and other EU and local legislation; and on contracting, including advice on the agreements FlataxDeGiro enters into with its clients.
  • Advising Tencent on financial regulatory issues relating to its EEU payment services, and WeChatPay EU, a subsidiary of Tencent, with obtaining its payment service provider license under PSD2 and its EU passports, as well as with the establishment of its EU headquarters in Amsterdam.
  • Advised OKCoin on financial regulatory issues relating to the offering of their services as a crypto exchange in the EU and UK, including on licensing, authorisation and obtaining its registration as a crypto company with the Dutch Central Bank (DNB) in the Netherlands.

Netherlands > Industry focus: telecoms Tier 2

At Clifford Chance, senior counsel and co-head of the Amsterdam TMT team Jaap Tempelman advises clients on strategic transactions in the telecoms area. Recent work includes advising on the national fibre roll-out, joint ventures between incumbent telecoms operators and investment funds, and the sale of network providers. The team also assists satellite and mobile networks operators with acquisitions and joint ventures, as well as regulatory changes. Corporate partner Gregory Crookes is another key contact in the telecoms space.

Practice head(s):

Jaap Tempelman

Other key lawyers:

Gregory Crookes; Andrei Mikes

Testimonials

‘Clifford is one of those top firms in the world that puts the client’s interests first. In addition to providing exceptionally accurate legal guidance, they always keep the human aspect in mind. Especially with mergers and acquisitions, this is an elementary aspect to ensure that negotiations do not go off the rails. We have greatly appreciated the cooperation and can recommend everyone to work with them.’

‘The Clifford team is tremendously thoughtful, precise and thinks carefully about every element. We had excellent guidance from Gregory Crookes.’

Key clients

Trinseo PLC

Gilde Buy Out Partners

ABN AMRO Bank

Royal Ten Cate

Tencent

KKR

Nordic Capital

ACT

Tele2

Esdec Solar Group

EQT Infrastructure III

Open Dutch Fiber

Deutsche Telekom Capital Partners

Trade Republic Bank GmbH

Didi Chuxing Technology Co. (DiDi)

ING Bank

Prologis

MTN

DeGiro

Greenpeace International

KeenCorp

HES International

Stephen A. Schwarzman Education Foundation (SASEF)

ETG Commodities

Adyen

Penske Logistics

FMO Bank

Natixis

Network Access Associates Ltd. (OneWeb)

Ardian Infrastructure

Blue Sky Group

Amazon

Telefónica

T-Systems

NSC Global Ltd

Sanoma Finland Oj

DSM

Henkel Global Supply Chain

Hess Corporation

Parcom

IK Investments

Booking.com

Foulath Holding

Floryn

Block.one

Entain Holding

Work highlights

  • Advising global satellite operator OneWeb in determining and analysing telecoms regulatory requirements across multiple jurisdictions in four continents with regard to the roll-out of its global terrestrial network, including the installation and utilisation of Point-of-Presence transmission, switching and routing equipment, the operation of a Wide Area Network and the offering of wholesale telecommunications services
  • Advised Digital Infrastructure Vehicle (DIV) on its seed investment comprising (i) the acquisition of all mobile towers and masts owned by T-Infra (a subsidiary of T-Mobile/Deutsche Telekom) in the Netherlands, and (ii) the subsequent sale of T-Infra to Cellnex Netherlands, whereby DIV acquired a 38% interest in Cellnex.
  • Advised Kohlberg Kravis Roberts & Co. LLP (KKR) and Deutsche Telekom Capital Partners (“DTCP”) on the launch of Open Dutch Fiber and the conclusion of a strategic agreement between Open Dutch Fiber and T-Mobile Netherlands

Netherlands > Investment funds Tier 2

Clifford Chance fields a multi-disciplinary team that consists of corporate, tax and regulatory practitioners. The group advises both Dutch and international investment fund managers along with institutional investors, leveraging the firm’s global platform to offer an extensive network of resources. The firm’s tax practitioners offer specific asset management strategies in the context of funds and the group is a key reference point for industry-specific regulatory advice, particularly in relation to emerging markets and sustainability. Tjerk de Jonge, recently promoted to counsel, and Robert Smits are the practice heads. The latter is a key name in the Netherlands for advice relating to AIFMD and UCITS depositaries, advising global custodians and other depositary services providers on their business models and documentation.

Practice head(s):

Robert Smits; Tjerk de Jonge

Other key lawyers:

Marian Scheele; Michiel Sunderman

Testimonials

‘Clifford Chance has the ability to advise on multi jurisdictional and multi practice matters. The team is outstanding in terms of quality and pace. Lines are short and their management of complex transactions is great.’

‘They have in depth knowledge of the Private Equity industry and dedication to think & work with their clients.’

‘Tjerk de Jonge: very skilled & hands-on individual who has proven to be very helpful and constructive in his discussions with us as client.’

‘Marian Scheele is an exceptional lawyer. Great communicator and excellent lawyer.’

‘Great ability to deliver cross-border advice.’

‘Michiel Sunderman – excellent advisor for tax and structuring aspects of funds.’

‘The team at Clifford Chance stands out in their multi disciplinary approach. Various disciplines are always connected which gives us the comfort that all elements have always been taken into account.’

Key clients

Shamrock Ventures

Connected Capital & Partners

Medical Credit Fund

Nederlandse Financieringsmaatschappij voor Ontwikkelingslanden N.V. (FMO)

Oman Investment Authority

Blue Sky Group

EQT

Multifund

Athora Netherlands

Rabobank

Waterland

APG Investment Management

Aegon Investment Management

Shell Asset Management

DREF Asset Management

DSM Pension Services

JP Morgan Asset Management

State Street Global Advisors

Wellington Asset Management

Millennium Europe

Neuberger Berman

Matheson

Invesco

MFS International

Patrizia

Partners Group

Blackstone

Circle Partners

EQIQ (formerly SSG)

Northern Trust

State Street

BNP Paribas

JP Morgan

Caceis

CBRE

Netherlands > Tax Tier 2

Combining corporate transactional tax advice and tax litigation expertise, Clifford Chance houses an integrated team, equipped to advise on matters concerning employment tax benefits, banking and finance, structured debt tax, funds and real estate tax. Key clients include international corporates, private equity firms, banks and pension funds. Michiel Sunderman, who is praised as a ‘extremely bright, creative and solution-driven adviser’, leads the practice and focuses on the tax-related elements of M&A transactions, restructurings and fund structurings. Counsel Nolan Groenland has experience in transactional corporate tax, specifically financial products, tax controversies and capital markets, while associate Stern Flik has gained familiarity with a variety of financing transactions, with particular expertise in acquisition finance, real estate finance and corporate lending.

Practice head(s):

Michiel Sunderman

Other key lawyers:

Testimonials

‘Michiel Sunderman stood out for his guidance and advice, even in the moments where there was a lot of pressure.’

‘Technically strong team, in particular on finance and M&A transactions.’

‘Michiel Sunderman is a very strong practitioner. Intellectually excellent, and sharp but a fair negotiator.’

‘Out of the box thinking, very solution driven, reliable.’

‘Michiel Sunderman is an extremely bright, creative and solution driven adviser, who understands the needs of his clients very well.’

‘Their advice is practical, easy to understand even though the tax matters can be quite complicated, and really help solving matters. Great availability and very knowledgeable team.’

‘The team has been extremely effective in handling our complicated tax matters. They are immediately responsive, flexible, well equipped and keep track of the priorities. Their in-depth tax knowledge results in an outstanding quality of work.’

‘Working with Stern Flik has been an excellent experience. His in-depth tax knowledge is very impressive and the same applies to his negotiation skills. His problem solving ability has been of crucial importance for transactions Also Michiel Sunderman is an outstanding, well experienced tax lawyer who has provided exceptional tax analysis in various transactions. Sunderman is highly dedicated and understands the need of the client.’

Key clients

Morgan Stanley

Rabobank

Vattenfall N.V.

ACT Commodities Group B.V.

Prosus N.V.

Connected Capital & Partners Management B.V.

Kohlberg Kravis Roberts & Co. LLP (KKR)

Digital Infrastructure Vehicle (DIV)

CVC Capital Partners

Curaeos

EQT Partners

Tele2

3i Infrastructure

Diamond Generating Europe B.V.

Tele2

3i Infrastructure

Oiltanking

Work highlights

  • Advising Royal DSM on the agreement to sell its Protective Materials business to Avient Corporation for an enterprise value of EUR 1.44bn.
  • Advising KKR and Roompot on real estate tax related matters of the envisaged acquisition of Landal GreenParks from Platinum Equity.
  • Advising Vattenfall in relation to the agreement with BASF on the sale of 49.5% of the offshore wind farm Hollandse Kust Zuid, including tax aspects of the sale and of the ongoing venture between Vattenfall and BASF and various commercials contracts between the parties.

Netherlands > Transport Tier 2

Clifford Chance has a strong following among aircraft manufacturers, airlines, helicopter companies, and aircraft operating companies for advice on aviation financing. The multi-disciplinary team is also able to leverage the wider firm’s corporate and M&A offering, as well as its global network of sector specialists, to provide full coverage in asset finance for aviation. The practice is led by Hein Tonnaer, who is a key part of the firm’s financial markets group and co-heads the renewables group, with a focus on project, asset and export finance.

Practice head(s):

Hein Tonnaer

Other key lawyers:

Angela McEwan; Mike Niekoop; Carlijn Tenge

Key clients

BBAM Aircraft Management LP

BOC Aviation Limited

Falko Regional Aircraft Limited

Milestone Aviation Group Limited

JP Lease Products & Services Co., Ltd.

Koninklijke Luchtvaartmaatschappij (KLM Royal Dutch Airlines)

Transavia Airlines C.V.

Airbus S.A.S.

Waterland Private Equity

SkyNRG BV

AXIS Specialty Europe SE

Royal Aero GmbH

Macquarie Aircraft Leasing Services (Ireland) Ltd.

SMBC Aviation Capital Limited

ABN AMRO Bank N.V.

Netherlands > Employment Tier 3

The employment and pensions group at Clifford Chance focuses on boardroom advice, remuneration policies, #MeToo investigations and pension matters. The practice is also active in reorganisations, works council disputes, data protection matters and TUPE, as well as supporting the firm’s wider corporate offering. Floris Van De Bult leads the team and is co-head of the firm’s global employment practice. IJsbrand de Jong, who was recently promoted to counsel, has experience in domestic employment litigation, fraud cases, collective dismissals and co-determination procedures.

Practice head(s):

Floris van de Bult

Other key lawyers:

IJsbrand de Jong; Sanne Blankestijn

Testimonials

‘Great, hands-on team, dedicated and flexible. Knowledgeable and pragmatic advice.’

‘Floris van der Bult and IJsbrand de Jong are both highly dedicated and pragmatic.’

‘Clifford Chance’s Amsterdam office has been of invaluable support throughout the years. They have become a trusted advisor due to their efficiency in delivering advice promptly, being practical and to the point, and always being available, even for last-minute requests, despite the work pressure they face.’

‘Sanne Blankestijn has supported us since day one: she showed great leadership and ownership of the projects and understood the type of advice our business needs and our requirements. The team delivers work with great diligence, providing the right support (also in terms of the technology offered), and Sanne has been key in keeping the ball rolling.’

‘Amazing team. They give excellent legal advice, whilst being pragmatic and understanding the commercial goals. They are our go-to for complex employment matters that need to be handled in the right way.’

‘Floris van de Bult is very approachable and is engaged in the full process, despite being a senior partner. As well as being very skilled in his field of law, he’s very much able to create a great client relationship and is available to advise on any matter, big or small. In addition, he has created a very strong team with IJsbrand de Jong and Sanne Blankestijn. Both of them stand out for their easy way of communicating with different members of our business and getting across the legal implications in an understandable and straight-forward way.’

‘A very responsive team that is on the ball and provides practical advice of high quality. They are a true sparring partner and understand our organisation and the market we operate in very well. They are proactive when it comes to matters that may potentially affect our business and are very solution driven.’

‘Floris van de Bult is a very practical and solution-driven lawyer. Sharp, hands-on and with a good sense of humour. Apart from the high-quality advice that he and his team provide, he is just a very nice person to work with.’

Key clients

Prosus N.V./Naspers Ltd.

Adyen N.V.

Hoogwegt

HES International

Allego

Stichting Pensioenfonds Vliegend Personeel KLM

ACT Commodities

BME / BMN Bouwmaterialen B.V.

City of Rotterdam

MarketAxess

Royal DSM

Koole Terminals B.V.

Stichting Beroepspensioenfonds Loodsen

Esdec

BEAT

Mizuho

Cofco International

HSBC

Work highlights

  • Advising Stichting Pensioenfonds Vliegend Personeel KLM in litigation before the court of Amsterdam against a claims organisation stating that during the period from 1968 to 1990 the pension fund wrongfully applied a deductible.
  • Assisting Prosus/Naspers as sole trusted advisor on employment, incentives, pensions and remuneration matters, as well as their business segments, including boardroom advice, reorganisations of Prosus’ businesses, the dismissal of senior leaders, internal investigations and international pension matters.
  • Advising Adyen on strategic employment and pensions matters, including boardroom advice, diversity and inclusion issues, drafting and review of policies, incentive schemes, immigration matters, secondment of staff and remuneration regulations (including SRD II, CRDV and related disclosures).

Netherlands > Real estate Tier 3

Clifford Chance advises on a variety of real estate assets, including logistics premises, residential developments, offices, hotels and data centers. Clients include real estate investment companies, development companies, banks and private equity firms. The practice is led by Liesbeth Buiter, described as offering ‘high quality of legal advice’, focusing on real estate transactions and developments, as well as renewable energy projects and infrastructure. Titus de Vries, managing partner, has extensive experience in financing transactions, acting for both borrowers and lenders.

Practice head(s):

Liesbeth Buiter

Other key lawyers:

Titus de Vries; Mark Jan Arends; Michiel Sunderman

Testimonials

‘Liesbeth Buiter – very responsive and client focused. With a high quality of legal advice and always finding very pragmatic solutions together with the client.’

Key clients

NorthWest Healthcare Properties (NWI)

UBS Asset Management Real Estate and Private Markets

Prologis

Orange Capital Partners

KKR

URBZ Capital

Ivanhoé Cambridge

AXA

Allianz RE

Avignon

GLP

Amundi

Partners Group

Work highlights

  • Advised Prologis on the acquisition of three commercial real estate properties from Mirastar/KKR by way of a share deal (with membership rights in a cooperation instead of shares), located in Schiphol, Bleiswijk and Roosendaal.
  • Assisted an institutional investor on the turnkey development of the DHL logistics center in Weert.
  • Advised OCP on the acquisition of the ‘One’ portfolio from the Dutch developer Wonam, which comprises 800 residential units spread over five large blocks located in Amsterdam and Utrecht.

Netherlands > Dispute resolution: arbitration Tier 4

Counsel Juliette Luycks heads Clifford Chance‘s Amsterdam-based arbitration practice. Luycks specialises in national and international arbitration under the NAI, ICC, CAM and UNCITRAL rules and in investment treaty arbitration, under the ICSID rules. The team's caseload includes post M&A disputes between two sets of financial investors, setting aside proceedings brought before the Dutch courts challenging final arbitral awards and representing three international oil companies in an ICC arbitration. Senior associate Tiemen Drenth plays a key role in the practice.

Practice head(s):

Juliette Luycks

Other key lawyers:

Testimonials

‘The Clifford Chance team that has worked with the Attorney General’s Office has been very efficient and their work is very ethical and professional.’

‘Attorney Juliette Luycks has been the Attorney General’s main contact in the cases entrusted to Clifford Chance. Ms. Luycks is very knowledgeable about arbitration and Dutch law and furthermore she understands the issues and concerns of sovereign states in these types of disputes.’

‘Mrs. Luycks is fluent in English and Spanish, which makes her communication with her clients much easier.’

Key clients

Republic of Ecuador

Shell

Netherlands > EU and competition Tier 4

The full-service team at Clifford Chance advises on multi-jurisdictional mergers and foreign investment regimes, as well as cartels and abuse of dominance proceedings, working closely with the firm’s M&A team on large transactions. The firm also maintains close connections with relevant authorities including the ACM, the EC and the Ministry of Economic Affairs in the Netherlands. The team is led by counsel Frans Muller.

Practice head(s):

Frans Muller

Testimonials

‘The Clifford Chance Antitrust Team provides astute legal advice seamlessly across multiple jurisdictions. They are always on call to immediately address our issues as they arise.’

‘Frans Muller, though a senior counsel, is our “relationship partner.” He coordinates with his team, provides proactive advice and guidance, and is always available. He is also kind, funny and clearly a good mentor for the more junior attorneys on his team.’

Key clients

HES International

Nouryon

Pfizer

Royal DSM

Spotify

Vattenfall

Building Materials Europe (BME)

Nobian

Teva Pharmaceuticals

Rivean Capital Partners

Royal Ten Cate

Upfield

Entain Group

AnQore

ACE Pharmaceuticals

KKR

CVC Capital Partners

Allianz Partners

3i Group

Work highlights

  • Advised Rotterdam-based HES International on the acquisition of full control over an Amsterdam-based competitor, OBA Bulk Terminal.
  • Advising Royal DSM on the sale of its Protective Materials business to Avient Corporation for an enterprise value of €1.44bn.
  • Advised European energy company Vattenfall and Vattenfall Duurzame Energie in relation to the agreement with BASF on the sale of 49.5% of the offshore wind farm Hollandse Kust Zuid.

Germany > Public sector > State aid

Clifford Chance's team works across locations with in-house state aid practices from all over Europe and can therefore demonstrate expertise in regulatory and political processes at national and European level, while further impressing with experience in environment and energy sectors. Recently, the group advised on various privatization projects and subsidy applications for major projects. Practice heads Thomas Voland and Joachim Schütze are well versed across the entire spectrum of state aid law, including court proceedings.

Practice head(s):

Key clients

German LNG Terminal

Tesla

Bundesministerium für Wirtschaft und Klimaschutz

Work highlights

  • Advising German LNG GmbH, a joint venture between Gasunie, RWE and KfW, on the planning, construction and operation of one of the first German liquefied natural gas (LNG) terminals in Brunsbüttel, including state aid issues (regional funding, public sector involvement, general block exemption regulation).
  • Advice to Tesla Manufacturing Brandenburg GmbH on the construction and planning of Gigafactory in Brandenburg, including issues relating to subsidy law (including funding according to Regional Aid Guidelines).
  • Advising the vaccine production task force in the Federal Ministry of Economics and Climate Protection (BMWK) on the drafting and negotiation of legally innovative so-called pandemic preparedness agreements with five companies.

The firm: Clifford Chance is one of the world’s pre-eminent law firms, with significant depth and range of resources across five continents. As a single, fully integrated, global partnership, it prides itself on its approachable, collegial and team-based way of working. The firm always strives to exceed the expectations of its clients, which include corporates from all the commercial and industrial sectors, governments, regulators, trade bodies and not-for-profit organisations. It provides them with the highest quality advice and legal insight, which combines the firm’s global standards with in-depth local expertise.

Types of work undertaken
Capital markets: the capital markets practice concentrates on securities transactions and other products sold into the capital markets. The practice is founded on a full-service US and UK securities law capability, complemented by local securities law expertise in each of the key financial centres. It provides practical, integrated legal advice covering the full spectrum of global capital raising activities including public and private domestic and international offerings of traditional debt and equity securities as well as convertible and other derivative and structured securities.

Corporate: the corporate practice handles some of the world’s largest and most complex M&A transactions. It combines global transaction capability with a full service of English, US and civil law expertise in the key financial centres across Europe, the Americas and Asia Pacific. In addition to mainstream M&A, the firm also encompasses leading specialist practices in: commercial contracts, competition and antitrust, communications, energy, healthcare, financial institutions, funds, investment banking, insurance, media and technology, and private equity.

Finance: Clifford Chance’s finance practice is the leading international finance practice of any law firm. The practice provides highly commercial and practical advice across the full spectrum of financial products including syndicated lending and leveraged and acquisition finance, asset finance, derivative products, project finance, financial regulatory, insolvency, restructuring and structured finance.

Litigation, dispute resolution and risk management: the firm has experience in virtually all segments of the business and financial markets across multiple jurisdictions. The lawyers work with clients to resolve disputes efficiently and effectively – whether through arbitration, litigation or other techniques.

Real estate: Clifford Chance’s leading real estate practice offers UK, European, Asian and US real estate capability. The practice advises the real estate industry’s leading players on the entire property ‘life-cycle’ from the initial acquisition, development, leasing, joint venturing and financing through to the final exit, as well as tax structuring, PFI/PPP, corporate outsourcing, planning, environment and litigation.

Tax, pensions, employment and incentives: Clifford Chance has one of the world’s largest international tax groups within a single law firm. The firm is uniquely placed to provide leading edge advice to clients, and the practice is structured on an integrated global basis. Local tax groups within the practice work closely with areas such as securitisation, securities, M&A, corporate restructuring, private equity, real estate and funds.

The pan-European VAT group advises on all areas of VAT and has particular strength advising on novel and complex issues in the structured finance, financial services, corporate finance and real estate sectors.

The team of experienced employment, employee benefits, ERISA, immigration and pensions specialists work with clients from a wide range of sectors to address local and cross-border issues.

International offices:Abu Dhabi, Amsterdam, Bangkok, Barcelona, Beijing, Brussels, Bucharest, Casablanca, Dubai, Düsseldorf, Frankfurt, Hong Kong, Istanbul, Jakarta*, London, Luxembourg, Madrid, Milan, Moscow, Munich, New York, Paris, Perth, Prague, Rome, São Paulo, Seoul, Shanghai, Singapore, Sydney, Tokyo, Warsaw, Washington, D.C., Riyadh**

*Linda Widyati & Partners in association with Clifford Chance

**Clifford Chance has a co-operation agreement with Abuhimed Alsheikh Alhagbani Law Firm in Riyadh

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Number of partners : 550
Number of other fee-earners : 3,300