Stibbe advises in a major ICC arbitration

Experience - Stibbe together with Shearman & Sterling advised the Abu Dhabi National Oil Company (ADNOC) on the acquisition of a 10% interest in VTTI BV, the owner and operator of storage terminals in 14 countries, including amongst others the Netherlands and Belgium, with 60 million barrels of capacity. Vitol and the IFM Global Infrastructure Fund will both own a 45% interest in VTTI.

Experience - Stibbe has represented Vantage Deepwater Drilling Inc. and Vantage Deepwater Company (Vantage) in the enforcement of an arbitral award against Petrobras in the Netherlands. Stibbe worked on this matter in close cooperation with Quinn Emanuel Urquhart & Sullivan and Sidley Austin.

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 - Under the strict sustainability provisions of the Agreement on Energy for Sustainable Growth 2013 (known as the Energy Agreement), coal-fired power plants in the Netherlands are using an increasing proportion of biomass instead of coal.

Experience - Stibbe represented the bankruptcy trustees of the Dutch merchant bank, Indover Bank, in a major dispute with Bank Indonesia. Indover Bank was a 100% subsidiary of Bank Indonesia and was declared bankrupt in 2008.

Experience - Stibbe together with Shearman & Sterling advised the Abu Dhabi National Oil Company (ADNOC) on its newly established global nitrogen fertilizer business joint venture with OCI NV (to be held 42% and 58% respectively) with a combined annual revenue of USD 1.74 billion.