10.07.2019 NL law Stibbe represents the court-appointed administrators in the bankruptcy of Amsterdam hospital MC Slotervaart Experience - Stibbe has represented the court-appointed administrators in the bankruptcy of Amsterdam hospital MC Slotervaart in proceedings against the City of Amsterdam, centred on the City’s demand that the administrators investigate whether there were any irregularities prior to the bankruptcy. Read more Team: Gertjan Boekraad, Job van Hooff
12.02.2014 NL law Stibbe acts as advisor to the creditors of Landsbanki 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. Read more Team: Duco de Boer, Job van Hooff
12.02.2014 NL law Stibbe acts as court appointed trustee in the bankruptcy of Indover bank 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. Read more Team: Toni van Hees, Job van Hooff
01.12.2012 NL law Stibbe advises Zeeland Seaports on the bankruptcy of Thermphos 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. Read more Team: Toni van Hees, Job van Hooff, Daisy Nijkamp
01.08.2011 NL law Stibbe advised Banco Safra 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. Read more Team: Toni van Hees, Job van Hooff
01.10.2009 NL law Stibbe advised Intertrust on the bankruptcy of a former Dutch bank 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. Read more Team: Toni van Hees, Job van Hooff
01.08.2007 NL law Stibbe advised on the bankruptcy of a Russian oil company Experience - Stibbe acted as advisor to various parties in relation to the Dutch bankruptcy and Dutch procedural law issues on the bankruptcy of the Russian oil company Yukos. Read more Team: Toni van Hees, Job van Hooff
01.12.2005 NL law Stibbe acted as advisor to the bankruptcy of a former Dutch bank 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. Read more Team: Toni van Hees, Job van Hooff
09.08.2019 NL law Verifieerbare vorderingen, de stand van zaken na Credit Suisse/Jongepier q.q. Articles - De afgelopen jaren heeft de Hoge Raad verschillende arresten gewezen over de invloed van het faillissement op wederkerige overeenkomsten, het fixatiebeginsel en de kwalificatie van vorderingen als boedelvordering, verifieerbare vordering of nietverifieerbare vordering. In het arrest van 23 maart 2018 (hierna: Credit Suisse/Jongepier q.q.) verduidelijkt de Hoge Raad ter beantwoording van enkele prejudiciële vragen wanneer vorderingen die voortvloeien uit een ten tijde van het faillissement reeds bestaande rechtsverhouding voor verificatie in aanmerking komen. Read more Team: Daisy Nijkamp, Marleen Jonckers
21.05.2019 BE law The International Comparative Legal Guide to Corporate Recovery & Insolvency 2019 - Belgian chapter Articles - This Guide covers common issues in corporate recovery and insolvency - including issues that arise when a company is in financial difficulties, insolvency procedures, cross-border issues - in 30 jurisdictions. Pieter Wouters and Paul Van der Putten of Stibbe Brussels' Litigation department contributed to the Belgian chapter of the ICLG. Read more Team: Pieter Wouters, Paul Van der Putten
04.04.2019 NL law European Court of Justice: actio pauliana is covered by jurisdiction rule of forum of contract. A judgment with foreseeable consequences? Short Reads - Imagine that a debtor voluntarily concludes a transaction with a third party where he knows (or should know) that it hinders the creditor's possibilities of collecting the debt. In civil law countries, a creditor can invoke the nullification of that legal act by means of a so-called actio pauliana. This raises the question of which court has jurisdiction in the case of an international dispute, regarding an actio pauliana, that is instituted by a creditor against a third party? Read more Cas Michiels Junior Associate Amsterdam
08.02.2018 NL law Closing-down sale: turnover tax incurred as a consequence of goods being sold to consumers by way of summary execution does not qualify as estate debt (boedelschuld) Short Reads - The Amsterdam District Court requested a preliminary ruling with regard to turnover tax incurred as a consequence of a sale taking place by way of summary execution (Amsterdam District Court 5 July 2017, ECLI:NL:RBAMS:2017:4726, answered by the Supreme Court on 15 December 2017, ECLI:NL:HR:2017:3149) Read more Marleen Jonckers Junior Associate Amsterdam
13.06.2019 NL law EU reshaping the restructuring landscape? Directive on Restructuring and Insolvency approved by EU Council Short Reads - The Council of the European Union adopted a proposal for a Directive on restructuring and insolvency (2016/0359 (COD) on 6 June 2019. The Directive will enter into force twenty days after it is published in the Official Journal of the European Union. From that date, Member States will have two years to implement the substantive parts of the Directive in their national legislation, although a one year extension can be granted. Read more Team: Job van Hooff, Abslem Ourhris
13.05.2019 LU law Stibbe reinforces its Luxembourg office with the appointment of three new Counsel Inside Stibbe - Stibbe reinforces its Luxembourg office with the appointment of Vanessa Schmitt (Corporate & Finance), Olivier dal Farra (Tax), and Frédéric Pilorget (Corporate & Finance) as Counsel. The new appointments have taken effect in April and allow Stibbe to further strengthen its Luxembourg tax and corporate and finance teams to continue to respond to market needs. Read more Team: Gérald Origer, Vanessa Schmitt, Olivier dal Farra, Frédéric Pilorget
21.03.2019 NL law 15 aspects of Brexit you did not know Short Reads - A Brexit without a deal, or with a deal that does not cover all relevant aspects, is still a potential scenario. We have highlighted a number of unexpected legal consequences of Brexit in such a no deal or incomplete deal scenario. Read more Team: Derk Lemstra, Branda Katan, Judica Krikke, Floris ten Have, Astrid Helstone, Jeroen Kortmann, Job van Hooff, Reinout de Boer, Martin In de Braekt, Rogier Raas, Anna Collignon, Jasper Klopper
07.02.2018 NL law Wetenschap van benadeling in de zin van art. 42 Fw en de voorzienbaarheid van het faillissement van de schuldenaar Articles - In het arrest ABN AMRO/Van Dooren q.q. III uit 2009 heeft de Hoge Raad voor het eerst sinds de invoering van de huidige regeling van de faillissementspauliana eind negentiende eeuw een positief geformuleerde nadere invulling gegeven aan dit vereiste. Hij heeft in dit arrest overwogen dat van wetenschap van benadeling in de zin van art. 42 Fw sprake is, indien ‘ten tijde van de handeling het faillissement en het tekort daarin met een redelijke mate van waarschijnlijkheid waren te voorzien voor zowel de schuldenaar als degene met of jegens wie de schuldenaar de rechtshandeling verrichtte’. Read more
21.05.2019 NL law Corporate Recovery & Insolvency in the Netherlands Articles - Does the legislative framework in your jurisdiction allow for informal work-outs, as well as formal restructuring and insolvency proceedings, and to what extent are each of these used in practice? What formal rescue procedures are available in your jurisdiction to restructure the liabilities of distressed companies? What effect does each restructuring procedure have on existing contracts? How are the creditors and/or shareholders able to influence each winding up process. Read more Team: Job van Hooff, Daisy Nijkamp
13.05.2019 LU law Stibbe renforce son cabinet luxembourgeois en nommant trois nouveaux Counsel Inside Stibbe - Stibbe renforce son cabinet au Luxembourg avec la nomination de Vanessa Schmitt (droit des sociétés et droit financier), Olivier dal Farra (droit fiscal) et Frédéric Pilorget (droit des sociétés et droit financier) en tant que Counsel. Ces nouvelles nominations ont pris effet au mois d’avril et permettent à Stibbe de renforcer davantage son équipe luxembourgeoise en droit fiscal ainsi qu’en droit des sociétés et droit financier afin de continuer à répondre aux besoins du marché. Read more Team: Gérald Origer, Vanessa Schmitt, Olivier dal Farra, Frédéric Pilorget
16.03.2018 NL law Afkoop van levensverzekeringen in faillissement Articles - Job van Hooff bespreekt aan welke voorwaarden moet zijn voldaan voor afkoop van een levensverzekering door een curator. Dit geschiedt mede aan de hand van een arrest van de Hoge Raad van 6 oktober 2017, waarin de Hoge Raad één van de geldende voorwaarden heeft verduidelijkt. Read more Job van Hooff Partner Amsterdam
18.07.2017 NL law Registratie van bestuursverboden Short Reads - De Wet civielrechtelijk bestuursverbod voorziet kort gezegd in de mogelijkheid voor de rechtbank om in geval van faillissement een (oud-)bestuurder of feitelijk beleidsbepaler van een rechtspersoon voor maximaal vijf jaar te verbieden een bestuursfunctie of een functie als commissaris te bekleden. De registratie van deze bestuursverboden in het handelsregister wordt uitgewerkt in een wetsvoorstel tot wijziging van de Handelsregisterwet 2007. Read more Team: Daan Doorenbos, Heleen Kersten, Fons Leijten, Allard Metzelaar