20.01.2021 NL law Stibbe advises DeepOcean Group on its restructuring Experience - Stibbe is advising the DeepOcean group on its restructuring. The case involves the first use of the new “cross-class cram-down” mechanism under Part 26A of the UK Companies Act 2006. Read more Team: Job van Hooff, Manon Cremers, Eline Holtman, Daisy Nijkamp, Sophie Beerepoot, Marleen Jonckers, Ellen Vintges
08.09.2020 NL law Stibbe represents HEMA’s management board Experience - Stibbe represented HEMA’s management board in summary proceedings brought by a noteholder seeking to block the implementation of HEMA’s envisaged restructuring. Read more Team: Job van Hooff, Daisy Nijkamp, Bart Stevens, Marko Jovović
03.07.2020 NL law Stibbe advises Rhône Group and The Chatterjee Group Experience - Stibbe advised private equity firm Rhône Group and The Chatterjee Group on the joint acquisition of McDermott International, Inc.’s Lummus Technology Group, a leading licensor of proprietary petrochemicals, refining, gasification and gas processing technologies, and a supplier of proprietary catalysts and related engineering. Read more Team: Michael Molenaars, Eva Das, Reinout de Boer, Paul Vestering, Rein van Helden, Rogier Raas, Floris ten Have, Job van Hooff, Judica Krikke, Rogier van der Struijk, Janneke Müller
29.06.2020 NL law Stibbe advises HEMA’s management board Experience - Stibbe is advising HEMA’s management board on HEMA’s debt restructuring. Read more Team: Job van Hooff, Rein van Helden, Daisy Nijkamp, Ellen Vintges, Jeroen van Eck
20.05.2020 NL law Stibbe advises Dutch State on support to Royal IHC Experience - Stibbe is advising the Ministry of Economic Affairs and Climate Policy on a short-term bridging loan and guarantee facility provided to the leading Dutch maritime player Royal IHC and on the acquisition of Royal IHC. Read more Team: Heleen Kersten, Rein van Helden, Nora Offergelt, Toni van Hees, Manon Cremers, Barbra Bulsing
10.07.2019 NL law Stibbe represents the bankruptcy trustees of Amsterdam hospital MC Slotervaart in dispute with the City of Amsterdam Experience - Stibbe represented the bankruptcy trustees of the Amsterdam hospital MC Slotervaart in proceedings against the City of Amsterdam, centred on the City’s demand that the bankruptcy trustees investigate whether there were any irregularities prior to the bankruptcy. Read more Team: Gertjan Boekraad, Job van Hooff, Wouter den Hollander, Marleen Jonckers
28.09.2018 BE law Paul Van der Putten and Pieter Wouters assist Nyobe NV with its judicial reorganisation procedure Experience - Paul Van der Putten and Pieter Wouters are acting for Nyobe in the context of its reorganisation. Read more Team: Paul Van der Putten, Pieter Wouters
31.10.2017 NL law Stibbe advises Frigoglass Experience - Stibbe advises Frigoglass on the completion of its restructuring proces Read more Team: Maarten de Bruin, Job van Hooff, Rein van Helden, Daisy Nijkamp, Dennis Mollema
31.12.2016 NL law Stibbe represents Supervisory Board members of FC Twente Experience - Stibbe represented members of the Supervisory Board of the Dutch professional football club FC Twente when the club faced financial difficulties in 2016. Read more Team: Gertjan Boekraad, Tim de Greve, Wouter den Hollander, Daphne Rijkers, Monique van der Linden
14.03.2016 NL law Stibbe advises Egeria Experience - Stibbe advises Egeria on the sale of its 40% interest in railroad maintenance company ASSET Rail to Arcadis and Dura Vermeer. Read more Team: Duco de Boer, Ingmar de Groot, Paul Vestering, Erik Verweij
18.08.2015 NL law Stibbe represents CEO of Royal Brinkers group of companies Experience - Stibbe represented the director and sole shareholder of the Royal Brinkers group of companies in a insolvency litigation matter. In 2010, the majority of entities within the Royal Brinkers group went bankrupt as a result of changed market conditions. Read more Team: Gertjan Boekraad, Job van Hooff, Branda Katan, Niels Didden
12.02.2014 NL law Stibbe advises Enerflex Experience - Advising the Canadian company Enerflex Ltd. ("Enerflex"), listed on the Toronto stock exchange ("EFX"), on the sale, partial sale, wind up or combination thereof of Enerflex's service and combined heat and power business in the Netherlands. Read more Team: Toni van Hees, Job van Hooff
28.07.2021 NL law Draft bill on Expedited Liquidation Transparency presented Short Reads - The draft temporary bill on Expedited Liquidation Transparency presented by the Dutch Minister of Justice on 28 June 2021 aims to increase transparency, improve protection of creditors and reduce the risk of abuse. We expect that this bill could be in effect indefinitely, as the issues it addresses were pressing long before COVID-19. Read more Team: Sophie Beerepoot, Bram Berends
20.04.2021 NL law Podcast: 'de NOW en faillissementen' Short Reads - Wat gebeurt er als werkgevers die gebruikmaken van de NOW failliet gaan? Wat kunnen de curator en het UWV doen? En wat gaat er gebeuren als de overheid de NOW afbouwt of stopt? In de vierde en tevens laatste aflevering van een podcastserie over de NOW geven advocaat bestuursrecht Sandra Putting en Job van Hooff gespecialiseerd in het insolventierecht antwoord op deze en andere vragen over de NOW en de faillissementen. Read more Team: Sandra Putting, Job van Hooff
24.02.2021 NL law How certain elements of the Dutch scheme may (or may not) affect ISDA Master Agreements Articles - On 1 January 2021, the legislative framework for court-approved restructurings of debts outside formal insolvency proceedings (hereafter referred to as the ‘Dutch scheme’, or simply, the ‘scheme’) entered into force. Under the Dutch scheme a debt restructuring plan can be submitted to the creditors for voting, whereby a majority can bind a minority within each class of creditors and the competent court has the power to make the plan binding on dissenting classes of creditors. Read more Team: Robert Steeg, Daisy Nijkamp
05.01.2021 NL law Restructuring and Insolvency in the Netherlands Articles - Dutch insolvency law is constantly evolving. Read more Team: Job van Hooff, Sophie Beerepoot
11.06.2021 NL law Webinar: The Dutch Scheme in international restructurings Seminar - Job van Hooff and Daisy Nijkamp will present a webinar on the use of the Dutch Scheme in international restructurings, in collaboration with Lexology/Global Restructuring Review. Read more Team: Job van Hooff, Daisy Nijkamp
29.03.2021 BE law Good things are worth waiting for: new law amendments in force for companies in difficulty Articles - The long-awaited new law amending Book XX of the Code of Economic Law and the Income Tax Code 1992 just came into force. This replaces the "COVID-moratorium" and creates the possibility to restructure a company through a “preparatory agreement”. Read more Team: Paul Van der Putten, Pieter Wouters
01.02.2021 NL law Inwerkingtreding WHOA Short Reads - Op 1 januari 2021 is de Wet Homologatie Onderhands Akkoord ("WHOA") in werking getreden. De WHOA biedt ondernemingen de mogelijkheid om buiten een formele insolventieprocedure een financiële herstructurering door te voeren door middel van een door de rechter goedgekeurd herstructureringsplan. Read more Team: Job van Hooff, Daisy Nijkamp
24.11.2020 BE law Webinar: Intellectual Property Rights and Insolvency Proceedings Speaking slot - Agoria, Belgium’s largest sectorial employers’ federation of technology driven companies, patent office V.O. and Stibbe jointly organise a webinar on the main aspects of insolvency proceedings and their impact on intellectual property rights. Read more Team: Philippe Campolini, Pieter Wouters, Ignace Vernimme
18.05.2021 BE law International Comparative Legal Guide to Restructuring & Insolvency 2021 - Belgium & Netherlands chapter Articles - The ICLG to Restructuring & Insolvency 2021 covers common issues in restructuring and insolvency, including issues that arise when a company is in financial difficulties, restructuring options, insolvency procedures, tax, employees and cross-border issues in 25 jurisdictions. Read more Team: Job van Hooff, Pieter Wouters, Daisy Nijkamp
25.02.2021 NL law The Dutch scheme – highlights of the 10 judgments rendered to date Short Reads - On 1 January 2021, the Act on confirmation of private restructuring plans (Wet homologatie onderhands akkoord, the "Dutch Scheme") came into effect. At time of writing (25 February 2021), the Dutch courts have rendered 10 judgments in connection with the Dutch Scheme. This blog provides you with the highlights of this case law. Read more Team: Job van Hooff, Daisy Nijkamp, Marleen Jonckers
13.01.2021 NL law The Dutch scheme – Classes and voting Short Reads - The Act on confirmation of private restructuring plans (Wet homologatie onderhands akkoord) – which introduces a framework allowing debtors to restructure their debts outside formal insolvency proceedings (termed the “Dutch Scheme“) – was adopted by the Dutch Senate on 6 October 2020 and will enter into force on 1 January 2021. Read more Team: Job van Hooff, Daisy Nijkamp, Bram Berends
12.11.2020 NL law The Dutch Scheme – high flexibility in plan contents and possibility to affect group guarantees Short Reads - The Act on confirmation of private restructuring plans (Wet homologatie onderhands akkoord) – which introduces a framework allowing debtors to restructure their debts outside formal insolvency proceedings (the “Dutch Scheme“) – was adopted by the Dutch Senate on 6 October 2020 and will enter into force on 1 January 2021. In previous blogs we have summarised when the Dutch Scheme can be used, who can make use of the initiative, and what action is required. Read more Team: Job van Hooff, Daisy Nijkamp, Ellen Vintges