Insolvency

Experience - On 22 April 2022, Amsterdam Trade Bank N.V. ("ATB") filed for bankruptcy and was declared bankrupt by the Amsterdam District Court. The court appointed A. van Hees and J.E.P.A. van Hooff as bankruptcy trustees.

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.

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.

Experience - Acting as legal advisor to Dutch local authorities, amongst which the Province of North Holland, and the power company N.V. EPZ in their capacity as priority creditors in the bankruptcy of Landsbanki in Iceland. Currently, Stibbe assists on behalf of the clients BBA Legal Reykjavik in proceedings on the foreign exchange rate that is applicable to the distributions from the bankruptcy estate and Stibbe advises the clients on their role as member of the informal creditors commission of Landsbanki.

Experience - Toni van Hees acting as court appointed trustee in the bankruptcy of Indover Bank. The work involves the winding down of the bank including its subsidiaries in Hong Kong and Singapore as well as its branch office in Hamburg, Germany and its rep office in Jakarta, Indonesia as well as litigation against various parties involved, amongst others Indover Banks sole shareholder, Bank Indonesia, the central bank of the Republic Indonesia.

Experience - Stibbe advises N.V. Zeeland Seaports ("ZSP") on the bankruptcy of Thermphos International B.V. ("Thermphos"), one of the world's largest producers of phosphorus before it was declared bankrupt in November 2012.

Experience - Stibbe acted as advisor to the Brazilian bank Banco Safra in legal proceedings in relation to the bankruptcy of BenQ Mobile, the mobile phone division of the Taiwanese multinational that was taken over from Siemens and subsequently went bankrupt.

Experience - Stibbe represents Heineken as a major creditor in the bankruptcy of the catering company Plassania.

Experience - Stibbe acted as advisor to Intertrust in its capacity as director of the Security Trustee to various securitisation transactions of the former Dutch DSB Bank N.V. on their bankruptcy.

Experience - Stibbe acted as advisor to Van der Hoop bankiers N.V., a Dutch listed company on their bankruptcy in December 2005. This was the first bankruptcy of a Dutch bank in approximately 25 years time.