Next Generation Partners

Restructuring and insolvency in Netherlands

A&O Shearman

Widely recognised for its ‘extensive expertise, knowledge, and experience’, A&O Shearman’s team remains a go-to for financial institutions, private equity houses and corporates navigating high-value, multi-jurisdictional restructuring and insolvency processes. Practice head Sigrid Jansen steers the group, handling complex multi-bank negotiations and large-scale corporate overhauls. Aroen Kuitenbrouwer is also central to the team, regularly advising on major recapitalisations and distressed transactions. Andrew Thomas adds further depth with his strong cross-border focus, particularly where restructurings intersect with leveraged finance, syndicated lending and acquisition finance.

Praxisleiter:

Sigrid Jansen


Weitere Kernanwälte:

Aroen Kuitenbrouwer; Andrew Thomas


Referenzen

‚Hands on and knowledgeable, going the extra mile.‘

‘The individuals I worked with are all very knowledgeable, show a strong drive to close a transaction, are easy to approach and nice to work with.’

‘Very diverse team headed by very experienced partner.‘

Kernmandanten

Hunkemöller


Accell


OLG


Damen


Vroon


Ebusco


Mirage


Zorginvest


Audax


Bons & Evers


BNPP Paris


Highlight-Mandate


  • Advised Hunkemöller International B.V. on a comprehensive debt restructuring culminating in a debt-for-equity swap.
  • Advised on the restructuring of Accell through an English scheme of arrangement
  • Acted as counsel to Ebusco on raising €59.2m through an accelerated bookbuild offering and a concurrent placement of a private convertible bond.

Clifford Chance

Clifford Chance’s restructuring and insolvency team is well-placed to steer clients through high-value matters in the real estate, retail and shipping sectors, combining litigation, finance and restructuring expertise. Practice co-head Ilse van Gasteren regularly advises financial institutions, borrowers and investors on multi-jurisdictional and complex restructurings, while fellow co-lead Jelle Hofland brings deep experience in leveraged finance and syndicated lending to situations involving distressed capital structures. Evert Verwey is a further key figure, frequently handling significant insolvency and restructuring matters. Noor Corsten regularly supports the team across the restructuring and insolvency space.

Praxisleiter:

Ilse van Gasteren; Jelle Hofland


Weitere Kernanwälte:

Evert Verwey; Noor Corsten


Referenzen

‘Cifford Chance has very strong execution capabilities and is very knowledgeable in restructuring transactions.’

‘The individuals I worked with are all very knowledgeable, show a strong drive to close a transaction, are easy to approach and nice to work with.’

‘The team has lots of experience and knowledge about each phase in the restructuring process. Support and guidance at top level within the organisation, at a very professional level.‘

Kernmandanten

ING Bank N.V.


ABN AMRO Bank N.V.


HSBC


Damen Shipyards Group N.V.


Rabobank


Koninklijke Paardekooper Group B.V.


Deutsche Bank


Kartesia


Ares


Highlight-Mandate


  • Acted for Bio City Development Company, in a landmark decision of the District Court of Amsterdam, sanctioning for the first time a Dutch Restructuring Plan (WHOA) of bonds that were originally governed by English law.
  • Assisting Damen Shipyards Group in various countries with regard to its restructuring and refinancing of its facility with a syndicate of Lenders, which matured in 2024 and is an extensive and complex stakeholder alignment process.
  • Assisting Super Senior Lenders RCF Lenders in high profile restructuring of major retail company Hunkemöller – one of the first liability management transactions in the Dutch market.

De Brauw Blackstone Westbroek

De Brauw Blackstone Westbroek advises on the full spectrum of domestic and cross-border restructuring and insolvency matters. The team is frequently engaged on high-stakes mandates, from complex corporate reorganisations and distressed financings to claw-back analysis, stakeholder strategy and board fiduciary duties, and is well positioned to act on bet-the-company restructurings. The practice is co-led by Ferdinand Hengst, who is recognised for his expertise in distressed finance and restructuring transactions, and Bas Boutellier, whose experience spans both public and private debt financing. Jeroen van der Schrieck is another central figure, particularly in contentious matters.

Praxisleiter:

Ferdinand Hengst; Bas Boutellier


Weitere Kernanwälte:

Jeroen van der Schrieck; Matthias Haentjens; Lisa de Boer; Ryanne Elkerbout-Kok


Referenzen

‘De Brauw has a very strong and committed team. One of the few teams in the Netherlands that is able to advise on restructuring matters, financing documentation and litigation in a single team.‘

‚De Brauw really takes the lead on all Dutch aspects, whether or not advising alongside an international firm. They have a very balanced and professional team.‘

‘Ryanne Elkerbout-Kok is an excellent advisor on all restructuring related matters; she has the natural ability to lead a team whilst also being very skilled in the field. Ryanne is able to explain complex legal matters in plain language.‘

Kernmandanten

Central Bank of Curacao and Sint Maarten


Netherlands Ministry of Economic Affairs


Netherlands Ministry of Finance


Blackstone Credit


BC Partners


Apax Partners


Silverpoint Capital


Bracebridge Capital


Strategic Value Partners


Triton Partners


Parcom Capital


Waterland Private Equity


G Square Private Equity


Providence Equity


Primavera Capital Group


Goldman Sachs


Rabobank


ABN AMRO Bank


ING Bank


Atradius


HEMA


Selecta Group


Intergamma Group


Sunweb Travel Group


Bonprix / Otto Group


Alimentation Couche-Tard


Royal Dutch Shell


TenneT


Lyondell Basell Industries


Siemens AG


AGCO Corp.


InterCement


Nielsen Group


Philips Electronics


Highlight-Mandate


  • Advising on a cross-border restructuring for McDermott.
  • Acting as lead counsel to Brazilian Intercement Group on its Dutch WHOA process, a critical process running as parallel proceeding to US, Spanish and Brazilian proceedings.
  • Acting for Selecta, designing and leading and Dutch shares pledge enforcement.

Freshfields LLP

Freshfields LLP handles complex and high-value restructuring and insolvency mandates, acting for clients across sectors ranging from travel and retail to technology and industrials. The team is frequently involved in multi-jurisdictional liability disputes and high-stakes restructuring processes. The practice is led by Michael Broeders, who regularly represents clients in restructuring-related litigation and advises on crisis situations. Mijke Sinninghe Damsté brings deep corporate litigation expertise and Tim Elkerbout advises both lenders and borrowers on voluntary restructurings and liability management exercises. Huub Boekhorst continues to assist on both litigation and transactional matters.

Praxisleiter:

Michael Broeders


Weitere Kernanwälte:

Mijke Sinninghe Damsté; Tim Elkerbout; Huub Boekhorst; Roos Suurmond


Referenzen

‘They cover the full range of skills needed and combine the hard-won practical skills, high-powered negotiation firepower and sheer manpower necessary to handle all of the myriads issues popping up in restructuring at any given time.’

‘Michael Broeders was exceptional from the get-go in explaining to us the ins and outs of Dutch restructuring laws and was able to assuage a lot of the anxieties the executive committee had going into the process.

‚Roos Suurmond was excellent in dealing and negotiating with the Trustee while managing expectations on our end.’

Kernmandanten

Working capital providers to Accell


HAL Investments


Gordon Brothers


McDermott


SGR


Imtech


Pasqal SAS


Lindsay Goldberg


ConocoPhilips


HES International


Highlight-Mandate


  • Advised a consortium of banks (working capital AHG) on the restructuring of the Accell group.
  • Advised HAL on the refinancing and restructuring of Royal IHC.
  • Advised Gordon Brothers on its financing to Blokker and subsequently the bankruptcy proceedings of Blokker.

Houthoff

Houthoff‘s restructuring and insolvency practice offers debtor- and creditor-side clients deep experience in high-stakes, often cross-border matters. Practice head Christiaan Zijderveld, who remains a key port of call for foreign and Dutch banks, works closely with seasoned expert Frédéric Verhoeven, who regularly advises hedge funds, private equity houses and public bodies on complex, multi-jurisdictional restructurings. On the contentious side, insolvency litigator David Heems frequently acts in high-value proceedings for a diverse spectrum of stakeholders. Karien van Boekel and Nadir Koudsi are further key figures in international restructuring and insolvency mandates.

Praxisleiter:

Christiaan Zijderveld


Weitere Kernanwälte:

David Heems; Nadir Koudsi; Paul Sluijter; Jan Willem de Groot; Frédéric Verhoeven; Joost den Hollander; Karien van Boekel; Sarah Meesterman


Referenzen

‘Frédéric Verhoeven is able to very quickly understand the key elements of a case.‘

‚Sarah Meesterman is a very knowledgeable and pro-active associate.‘

‘This firm is able to manage the entire restructuring process, varying from finance documentation to litigating the plan.’

Kernmandanten

InterCement Financial Operations B.V.


Consolis


Stonehill Capital Management, Bank of America, Alden Global Capital and Kia II


Interior Service Group Netherlands B.V.


Investcorp


Steinhoff International Holdings N.V.


Fortenova Group


HPS Investment partners LLC


Loyalty Ventures Inc. / Brand Loyalty Group


BC Partners


Dümmen Orange


DSB Bank


Lehman Brothers


Goldman Sachs


ING Group


CBRE


AIG


Supervisory Board Imtech


Sogestran Shipping


Indofin


Amvest


Directors of Fortress Group


Lumileds Group


Farfetch Group


Unigel Brazil


Fujifilm


Highlight-Mandate


  • Advising The Fortenova Group on restructuring issues it faced due to being partially owned by sanctioned parties.
  • Advised the ad hoc group of creditors to the Consolis group in the successful implementation of its comprehensive recapitalisation.
  • Assisted the Unigel Brazil Group in the restructuring of its $800m debt through its Brazilian and U.S. restructuring proceedings.

Loyens & Loeff

Loyens & Loeff stands out for its ability to steer clients through the full spectrum of domestic and cross-border restructurings and insolvency processes. The team is regularly instructed by international corporates, private equity sponsors and financial institutions, offering both advisory and contentious support across high-value, multi-jurisdictional matters. Leading the team is Vincent Vroom, who is widely praised for his deep familiarity with complex domestic and cross-border schemes of arrangement, Chapter 11 processes and foreign restructuring regimes. Joris Dunki Jacobs brings advisory and litigation strength to international mandates, while Kim de Bruijn is noted for her ‘excellent client support.’

Praxisleiter:

Vincent Vroom


Weitere Kernanwälte:

Kim de Bruijn; Joris Dunki Jacobs; Sharita Willigenburg; Tim de Bruijn


Referenzen

‘A team of outstanding lawyers with strong analytical skills and the ability to truly connect with the client team, understand the context, and ask the right questions.’

‘The team of Vincent Vroom, Kim de Bruijn and Tim de Bruijn provides excellent client support.’

‘Loyens Loeff’s restructuring and insolvency practice -and Vincent Vroom specifically- offers a strong combination of local market depth and international connectivity.‘

Kernmandanten

Selecta Group B.V.


The Board of InterCement Netherlands B.V.


Eagle Intermediate Global Holding B.V. and Eagle UK Finance Limited (Lycra)


RoundShield


Ad hoc group in Just Eat Takeaway.com N.V.


Oi S.A.


CZ, VGZ and Zilveren Kruis


Highlight-Mandate


  • Advised Selecta Group B.V. and its subsidiaries on a comprehensive financial restructuring in view of the Selecta Group’s upcoming maturities.
  • Advised and represented the board of InterCement Netherlands B.V. in a global, multi-billion-dollar, contentious restructuring that involves litigation before various courts in Brazil, the United States, Spain and the Netherlands.
  • Advised an ad hoc group of Lycra’s noteholders in view of the group’s 2025 maturities.

Norton Rose Fulbright

Norton Rose Fulbright advises on complex, value-intensive restructurings that span multiple jurisdictions. The group is particularly strong in matters involving parallel WHOA and UK Scheme of Arrangement processes. Its work also extends across formal insolvency proceedings, distressed M&A transactions and major bankruptcy litigation, often acting for listed companies and financial institutions. Practice head Omar Salah regularly handles high-profile restructuring mandates across sectors including shipping and energy. Marjolein Pichel pairs expertise in project finance and restructuring and insolvency matters, with a strong focus on project entities in distress.

Praxisleiter:

Omar Salah


Weitere Kernanwälte:

Marjolein Pichel


Referenzen

‘High quality advice, coverage of multiple key jurisdictions, experienced team with appropriate staffing on critical deals / in critical situations.‘

‘Omar Salah is pro-active, very knowledgeable and a quick thinker. He is able to deal with tense multistakeholder situations and reduce complex matters to key points to keep focus on working towards a solution.‘

‘Broad team with excellent collaboration.’

Kernmandanten

ABN AMRO Bank N.V.


AIG


ASR


Banco Santander S.A.


Bank of America, N.A.


BNP Paribas


British Petroleum


Central Bank of Curacao and St. Maarten


Danish Ship Finance


DNB Bank ASA


DVB Group Merchant Bank (Asia) Ltd.


GFG Alliance


GLAS Trustees Limited


HSBC Bank


ING Bank N.V.


Intertrust Nederland B.V.


NNIP / Goldman Sachs


Nordic Trustee AS


Rabobank


Robeco


Highlight-Mandate


  • Advised and assisted the bridge facility lenders in the €5.6bn restructuring of BayWa AG and Cefetra Group.
  • Advised and assisted the lenders in the restructuring of listed company Ebusco.
  • Advised and assisted one of the key creditors in the restructuring as well as the UK Restructuring Plan of the of Petrofac, a company listed in the UK.

DLA Piper

DLA Piper demonstrates strong capabilities across both corporate and financial mandates, with the team frequently assisting on complex, multi-jurisdictional restructuring matters. The group handles the full spectrum of work, from financial restructurings and foreclosure processes to insolvency disputes. Practice head Marc Molhuysen advises on all stages of restructuring scenarios, including distressed finance arrangements and enforcement-driven sales. The practice is also noted for its growing WHOA workload, with Olmo Weeshoff playing a key role on these mandates. Wilmy Westerhof is regularly instructed on matters where insolvency impacts security rights and proprietary interests, as well as broader bankruptcy-related issues.

Praxisleiter:

Marc Molhuysen


Weitere Kernanwälte:

Olmo Weeshoff; Wilmy Westerhof; Max Mayer


Referenzen

‘Its international presence and depth of legal areas makes DLA Piper well suited for cross border restructurings.‘

‘Marc Molhuysen is a highly knowledgeable and reliable legal professional.‘

‚Marc Molhuysen’s analyses are very thorough, demonstrating both depth of expertise and independent thinking — he is not afraid to choose his own route when approaching complex matters.‘

Kernmandanten

ABN AMRO Bank


Invest-NL


Deutsche Bank


European Bank of Reconstruction and Development


ING Bank


Pemberton Capital Advisors


Opportunity Partners


Royal Reesink


TriplePoint Capital


Oost NL


GroeNoord Ag & Turf


Farmel Holding


Crown van Gelder


Highlight-Mandate


  • Acted as legal counsel to Rabobank in relation to its role as a lender in the multi-jurisdictional complex restructuring of Ardagh Group S.A., a global packaging group with over $10 billion in debt.
  • Advising Dunkin‘ Donuts Franchising on the high-profile restructuring and bankruptcy restart of the Dunkin‘ Donuts franchise in the Netherlands
  • Advised on the high-profile restructuring Ebusco, a leading electric bus manufacturer.

Linklaters

Linklaters’ restructuring and insolvency practice frequently advises on multi-jurisdictional mandates that sit at the intersection of Dutch, UK and US restructuring regimes. The team is particularly well-regarded for steering high-value corporate rescues and complex financial restructurings, often involving parallel or sequential processes across borders. Paul Kuipers leads the team and is widely recognised for his depth of expertise across the full spectrum of restructuring matters. Marc Noldus plays an important role across both contentious and non-contentious matters, acting in significant litigation as well as advising on cross-border restructuring frameworks.

Praxisleiter:

Paul Kuipers


Weitere Kernanwälte:

Marc Noldus


Referenzen

‘Great team, very proactive, knowledgable.‘

‘Hands-on and very knowledgeable.‘

‘Paul Kuipers: classic and technically strong lawyer in an international setting.‘

Kernmandanten

GLAS


Crédit Agricole Corporate and Investment Bank


Eagle Super Global Holding B.V.


ENGIE


Highlight-Mandate


  • Representing the secured asset based lenders on the restructuring of Accell’s capital structure.
  • Advised a leading private equity sponsor on its position regarding a debt-for-equity swap and the strategic wind-down of a Dutch holding company.

NautaDutilh

Counting corporates, debtors, insolvency trustees and alternative debt providers among its clients, NautaDutilh advises on a broad mix of high-value restructuring, insolvency and distressed transaction matters. Frequently engaged on cross-border restructuring, the team’s work spans sectors such as telecoms, shipping, real estate and pharmaceuticals. The practice is led by Marc Orval, who has deep experience in complex restructuring matters, including advising on WHOA processes. Further key contacts include Lenneke de Baar and Bart Wijnstekers, who provide support to the team.

Praxisleiter:

Marc Orval


Weitere Kernanwälte:

Lenneke de Baar; Bart Wijnstekers


Referenzen

‘Marc Orval is always calm and personifies the impression of being fully in control.‘

‚Lenneke de Baar is a true work horse and understands the full details, but also the big picture, which is quite impressive.’

‘The team is dynamic and commercial, whilst always ensuring balance and measure.‘

Kernmandanten

ABN AMRO


Bluestar Alliance (BSA)


BNP Paribas


Cnova


Commerzbank


DBS Bank Ltd


Deloitte Accountants


Deutsche Bank


DTEK


Forever 21


GLAS


HIG


ING


Invest-NL


Liberty Mutual


Lightyear


McDermott International Inc.


Maersk Supply Services


Mattel


Nordic Trustee


Odeon Cinemas Group Limited (AMC Entertainment)


Partners Group


Rabobank


SGB-Smit Group


Highlight-Mandate


  • Assisting Bluestar Alliance with litigation and insolvency proceedings related to the 2023 bankruptcy of Scotch & Soda, including negotiations with local bankruptcy trustees in several European countries and ongoing court proceedings involving supplier claims.
  • Assisted an ad hoc group of 1 Lien noteholders in the restructuring of Selecta Group B.V., securing €330 million in new funding, reducing debt by approximately €1.1 billion, extending debt maturities to 2030, and transferring ownership to long-term institutional investors, with the Netherlands Commercial Court approving the enforcement of the Dutch share pledge within 13 days.
  • Advised Cefetra Group on the restructuring of its debt due to the financial difficulties of its parent company BayWa AG, which involved complex proceedings across multiple jurisdictions and the sale of Cefetra Group following StaRUG proceedings.

Stibbe

Stibbe advises a broad mix of debtors, creditors, bidders and sponsors on domestic and cross-border restructuring matters, including both court-driven processes and out-of-court solutions. The team is regularly involved in complex mandates across industries such as energy, natural resources, healthcare and retail. The practice is led by Daisy Nijkamp, who has proven experience litigating and advising on liability, security rights and insolvency law issues for a broad spectrum of clients. Job van Hooff‘s work spans WHOA proceedings, cross-border restructurings and insolvency litigation.

Praxisleiter:

Daisy Nijkamp


Weitere Kernanwälte:

Job van Hooff; Marleen Jonckers; Sten Hulsink; Zafar Shaikhli


Referenzen

‘I can personally attest to their exceptional capabilities in this field. Their lawyers understand both the legal intricacies and commercial realities of restructuring and insolvency work.‘

‘I’ve had the privilege of working closely with Stibbe’s restructuring and insolvency team, particularly with Daisy Nijkamp as the lead partner, supported by Sten Hulsink and Zafar Shaikhli. This team combination has delivered exceptional results in my experience.‘

‚Daisy Nijkamp has deep expertise in both formal insolvency procedures and innovative WHOA structures.‘

Kernmandanten

KKR-backed Accell Group


Ad hoc group of lenders BC Partners’ portfolio company Keter Group


Consolis Group


Court appointed bankruptcy trustee to Mirage Retail Group


Court appointed bankruptcy trustee to Amsterdam Trade Bank N.V.


McCourt Global Sports and Media LLC


Intrum Group


Highlight-Mandate


  • Advised Accell on its over €1bn debt restructuring.
  • Appointed bankruptcy trustee of Mirage Holdings B.V. and Mirage Retail Group, holding companies of several (bankrupt) retail companies Blokker, BCC and Intertoys.
  • Advised an ad hoc group of lenders to the Keter Group in the €1.3bn debt restructuring and a potential transfer of ownership of the Keter Group.

Van Doorne

Counting corporates, distressed investors and insolvency practitioners among its key clients, Van Doorne advises on the full span of restructuring and insolvency matters, from complex transactional restructurings to formal insolvency filings and WHOA proceedings. The practice has experience across a broad range of sectors, including fashion, oil and gas, and healthcare. The team is co-led by Jelmer Baukema, whose practice is centred on high-value debt restructurings and the transactional aspects of distressed situations, and Joost Volkers, who brings substantial litigation expertise to the group.

Praxisleiter:

Jelmer Baukema; Joost Volkers


Weitere Kernanwälte:

Henry Palmen; Ralph Ubels


Referenzen

‘The team is very accessible, has strong market knowledge, and provides pragmatic, practical advice.‘

‚Communication is clear, which makes working with them straightforward and efficient.’

‘The team members each are approachable and knowledgeable. They think along with us, give clear and practical guidance, and are genuinely involved in our matters.‘

Kernmandanten

Kroll Trustee Services Ltd


DCP


Eugene Perma


Solidus


GroeNoord


Fuite Group


Byldis


Dutch Soccer Holdings LLC


Ad hoc group of creditors (Nova Austral)


Shareholders of Havatec


AIG Inc


Albert Schweizer Hospital


Sarabel Capital


Madison Pacific


Atradius


Rabobank


NIBC


Centerbridge


Elliott


Fidera Vecta


King Street


Waarborgfonds Sociale Woningbouw


ABN AMRO


Merced Capital


Nordic Trustee


Vue Cinemas


Wilmington Trust


Highlight-Mandate


  • Acting on behalf of Kroll Trustee Services as security trustee in the €1.5bn restructuring of the Selecta Group, which was effected by a share pledge enforcement by the security trustee before the Netherlands Commercial Court.
  • Advising Solidus in a financial restructuring in which the company’s main lenders agreed to a capital injection into Solidus and the conversion of a large portion of existing debt into equity.
  • Advising KPMG in respect of the $1.4bn Accell restructuring.

Wijn & Stael Advocaten N.V.

Counting corporates, financial institutions and court-appointed trustees among its key clients, Wijn & Stael Advocaten N.V.  advises on a wide spectrum of domestic and cross-border restructuring and bankruptcy matters. Noor Zetteler focuses on financing, securities and insolvency issues, while Remco Vermaire‘s practice covers restructuring issues for businesses, directors and lenders. Thijs van Zanten, a seasoned litigator, has notable experience in insolvency-related liability disputes and Supreme Court-level procedural work. Robert van Faassen specialises in bankruptcy law and Anne Mennens brings financing expertise to restructuring and insolvency matters.

Praxisleiter:

Noor Zetteler; Remco Vermaire; Robert van Faassen; Thijs van Zanten


Weitere Kernanwälte:

Anne Mennens


Referenzen

‘Good knowledge, good team.‘

‘Professional, creative, customer is central. Integrity.’

‚Noor Zetteler, a strong insolvency solicitor with extensive experience as a receiver, communicative and socially skilled in achieving goals.‘

Kernmandanten

Conservatrix


GINAF Trucks Nederland B.V.


Rabobank (trustees of Eurocommerce)


Rabobank Direct Pay


The Phone House


MRG Logistics


ABN AMRO


Mirage Retail Group


Highlight-Mandate


  • Appointed as trustee in the insolvency of GINAF Trucks, a renowned Dutch manufacturer of customized heavy-duty trucks, leading to a successful restart and sale to an international investment company.
  • Advised Rabobank on the failed WHOA restructuring of Direct Pay Group and acted in follow-up litigation.
  • Representing the bankruptcy trustees of Conservatrix in landmark arbitration and enforcement proceedings seeking over €215 million in damages from its former shareholder.

AKD

AKD advises on a broad spectrum of cross-border insolvency and restructuring matters, regularly supporting clients facing financial distress on recapitalisation, reorganisation and wind-down processes. The practice is led jointly by Thijs Hekman, Rolf Everhardus and Fouad el Houzi. Hekman’s experience includes handling complex restructurings and court appointments; Everhardus brings notable expertise acting as bankruptcy trustee and administrator in high-profile proceedings; and el Houzi is recognised for his work on distressed debt matters and contentious insolvency processes.

Praxisleiter:

Thijs Hekman; Rolf Everhardus; Fouad el Houzi


Weitere Kernanwälte:

Ward Aerts


Referenzen

‘Very approachable team, fast reactions and generally nice people.’

‘Rolf Everhardus is effective and pragmatic.’

‘Very knowledgeable, hands-on, practical.’

Kernmandanten

Bankruptcy trustee of Royal Imtech N.V. and its group companies


Bankruptcy trustee of BCC Group


Intimus International Netherlands BV


Bankruptcy trustee of Gauge81


Port Authorities of Rotterdam (Havenbedrijf Rotterdam)


9 Dutch municipalities (Bergen op Zoom, Etten-Leur, Halderberge, Moerdijk, Roosendaal, Rucphen, Steenbergen, Woensdrecht and Zundert)


Bankruptcy trustee of CLUB AIR


Cerberus Capital Management LP


Bankruptcy trustee of De Donge group companies


Bankruptcy trustee of Online Seminar cluster


Ortolan Nederland Credit Oplossingen GmbH


Bankruptcy trustee of Welectric B.V.


Svenska Handelsbanken AS


Bankruptcy trustee of Atlantic Marine Services B.V.


ISA Pharmaceuticals


Bankruptcy trustee of Fortress group companies


Centraal Beheer Achmea


Dutch water authorities


Basil


Bankruptcy trustee of Tower Services Europe


Bankruptcy trustee of Agora Retail B.V. and Agora TR B.V.


Suspension of payment (administrator) of Agora BBW group


Copaco


Province of Utrecht


Highlight-Mandate


Boels Zanders Advocaten

The team at Boels Zanders Advocaten is jointly led by Peter Brouns, Remco Rosbeek, Jeroen Tulfer and Jeroen Bakkers. The group advises across the full range of restructuring and insolvency matters, offering significant experience acting as court-appointed trustees as well as handling corporate reorganisations, financing and securities issues. The practice is highly sought-after among clients in sectors such as industrial manufacturing, international trade, real estate and healthcare.

Praxisleiter:

Peter Brouns; Remco Rosbeek; Jeroen Tulfer; Jeroen Bakkers


Weitere Kernanwälte:

Flip Schreurs; Ralph Geelen


Referenzen

‘Lodewijk Hox. A very capable lawyer, highly recommended. A pleasure to work with.’

‘Boels Zanders Advocaten presents itself as a practice with a strong local presence. The team is approachable and maintains a friendly style of interaction, which makes cooperation straightforward and pleasant.‘

‚Within the practice, Peter Brouns and Remco Rosbeek are notable contacts. Both demonstrate solid knowledge of their areas of focus and are reliable to deal with.‘

Kernmandanten

Janshen-Hahnraths Group/Fair Play Casino


Dedert IJs


PSY-Care


Vacansoleil Group


BAS Construction


VVV Venlo


MVV Maastricht


Shapeways


Décor Handelsmaatschappij


Décor Productiemaatschappij


Beta Distributions


Hagu Horeca Groothandel


Feeture Foodcare Group


Marsna Paper


Brabant Alucast The Netherlands site Heijen BV


Lips Group


Highlight-Mandate


Buren

Buren‘s restructuring and insolvency practice is led by Martijn Vermeeren, Stefan van Wijk, Ruud Brunninkhuis and Laurens Prickartz. The team advises medium-sized, multinational and listed companies on a wide range of insolvency-related issues, including imminent insolvencies, directors’ liability and financing issues, and is frequently appointed by the Dutch courts as administrators or trustees. Its work also extends to corporate disputes and support for financial institutions in auctions, foreclosures and broader restructuring processes.

Praxisleiter:

Martijn Vermeeren; Stefan van Wijk; Ruud Brunninkhuis; Laurens Prickartz


Referenzen

‘Ruud Brunninkhuis is an outstanding lawyer, always thinking out of the box.‘

Kernmandanten

E.F.P. International B.V.


SolarClarity B.V.


Conference Compass B.V.


Mubadala


Enerray DT B.V.


Voordegroei


Latam Airlines S.A.


RAW Paints


Computer Profile Nederland B.V.


Highlight-Mandate


  • Assisted and advised Mubadala in multiple work streams with its position as shareholder and (secured) creditor of Getir.
  • Advised SolarClarity on a plan of approach and the various rescue scenarios, provided guidance on insolvency law aspects, and supported decision-making during times of liquidity pressure, as well as identifying potential liability risks.
  • Advised E.F.P. International and successfully arranged a restart of the business with Valstar Holland B.V., part of the Best Fresh Group.

CMS

CMS’ restructuring and insolvency team is entrusted by real estate funds, investors, and financial institutions to act on the full spectrum of restructuring matters, including WHOA proceedings. The group regularly handles mandates in the consumer products, retail, life sciences and healthcare sectors. The practice is jointly steered by Marc van Zanten, who is sought-after for his 'exceptional command of Dutch insolvency law' and Marlous de Groot, who stands out for her 'outstanding technical knowledge and commercial awareness'.

Praxisleiter:

Marc van Zanten; Marlous de Groot


Weitere Kernanwälte:

Jonathan van Ee


Referenzen

‘What makes the CMS team unique for me is the speed and accuracy of its actions. They know exactly how to navigate the process, using creativity and expertise to maximise the outcome in a highly effective process.‘

‚With excellent knowledge of interests and stakeholders, CMS managed to quickly bring all relevant stakeholders to the table and put them in the right solution-oriented position.’

‘They aren’t afraid to take a stand and genuinely care about you as a client. They don’t cut corners; they always go the extra mile to bring you closer to success, regardless of the effort or time it takes. With CMS, I felt safe and secure throughout the process, allowing me to remain effective.’

Kernmandanten

Gerry Weber Retail B.V.


Metabolic B.V.


The Meatless Farm B.V.


Bankruptcy trustees Co-Med Zorg B.V.


Commerzbank


Grant Thornton


Sport Unlimited Retail B.V. (SUR)


ABN AMRO Bank N.V.


Accelerator Investments


ASR Nederland N.V.


ING Bank N.V.


J.M. Levarht & Zonen B.V.


Lloyds Banking Group


Nedfield N.V.


Highlight-Mandate


  • Appointed as trustee in the bankruptcy of Gerry Weber Retail B.V., a prominent player in the European retail sector.
  • Advised two Dutch financial institutions on a complex restructuring of a company in the food industry.
  • Advised the Dutch Healthcare Sector Guarantee Fund in relation to the reorganisation/refinancing of three Dutch general hospitals.

Davids Advocaten

Davids Advocaten’s restructuring and insolvency practice acts for a broad client base, from SMEs to international companies, on both domestic and cross-border matters. The team is jointly led by Jan Davids, a bankruptcy and restructuring expert; WHOA processes specialist Mark-Hendrik de Vries; corporate and insolvency law advisor Nils Reerink; cross-border restructuring expert Joris Boddaert; and Laurie van Leeuwen, who focuses on financial distress and liability exposure.

Praxisleiter:

Jan Davids; Mark-Hendrik de Vries; Nils Reerink; Laurie van Leeuwen; Joris Boddaert


Referenzen

‘Davids Advocaten has an excellent team with proactive lawyers.‘

‘Mark-Hendrik de Vries is very approachable and knowledgeable.‘

‘Because of its boutique character, the firm has dedicated teams to give its clients its full attention. Response is quick and advice is thorough and complete.’

Kernmandanten

IBFM Management B.V.


AGU


Riverside ACF I B.V.


Pharmafilter Nederland B.V.


Pharmafilter B.V.


BALR.


Urban Mobility


Authentic Models BV


Mirage Retail Group


Mirage Holdings


Highlight-Mandate


  • Advising BALR in its expansion with subsidiaries in Belgium and Germany and reached peak sales of €20 million in 2019.

Dentons

Dentons’ restructuring, insolvency and bankruptcy practice advises clients facing financial distress in both domestic and cross-border situations. The team demonstrates a core focus on debt restructuring mandates for debtors and creditors alike, though offers additional expertise regarding restructuring projects and insolvency-related disputes. The group is led by Duco Postma, whose practice covers in- and out-of-court restructurings, cross-border financings with a distressed element, and bankruptcy proceedings.

Praxisleiter:

Duco Postma


Referenzen

‘Dentons has been very engaging on a cross-jurisdiction complicated restructuring. The team has been very pro-active.’

‘Duco Postma has been great and very available.’

Kernmandanten

Deutsche Bank


European Circular Bioeconomy Fund


Gilde Equity Management


HCI Europe


PnC Bank


ING Bank


Highlight-Mandate


  • Advising PnC Bank on Dutch law insolvency aspects including claw-back risks of its lender financing to the Dutch chemical company, Sachem.
  • Advising HCI Europe on a real estate portfolio in the Netherlands, i.e. insolvency aspects as well as banking advice such as taking additional security.
  • Advising ARA Partners on the corporate and financial restructuring of the Repeats Group.

DVDW Advocaten

DVDW Advocaten‘s restructuring and insolvency team advises a broad range of clients on high-stakes bankruptcies, complex restructurings and the integration of distressed businesses. The practice benefits from the firm’s deep experience acting in major bankruptcies, pre-packs, suspension of payments proceedings and WHOA-related roles. The team is jointly led by Theo Hanssen and Rens van den Heuvel, both of whom bring deep experience in complex restructurings and insolvency situations.

Praxisleiter:

Theo Hanssen; Rens van den Heuvel


Weitere Kernanwälte:

Christiaan Groenewoud; Erwin Bos; Juliette van der Wiel


Referenzen

‘The team is very skilled and has broad experience.’

‘Christiaan Groenewoud is a true expert in his field. He has outstanding legal knowledge and offers sharp insights.’

‘Their ability to navigate multi-party dynamics and align interests has proven essential.‘

Kernmandanten

Bankruptcy trustee to Rosun B.V.


Bankruptcy trustee to Telerscoöperatie FresQ U.A. in liquidation


Bankruptcy trustee to Anode Energie


Bankruptcy trustee to Innogenerics B.V.


Bankruptcy trustee to Direct Pay


BNG Bank N.V


Bankruptcy trustee to Royal Imtech N.V.


Standard Investment


Bankruptcy trustee to GeoJunxion B.V.


Dutch E-Mobility Group and NewPort Capital


Highlight-Mandate


  • Acted as the court appointed bankruptcy trustee to Royal Imtech N.V.
  • Advised BNG Bank N.V. in the restructuring and later bankruptcy of Blue Sphere Brabant B.V.
  • Acted as the court appointed bankruptcy trustee to Telerscoöperatie FresQ U.A. in liquidation.

Florent

‘Responsive, pragmatic, and able to manage complex situations with precision and efficiency’, Florent’s restructuring and insolvency team is regularly called upon to advise companies on situations involving acute financial pressure. The group is frequently instructed to guide businesses through WHOA proceedings, distressed reorganisations and complex bankruptcy work, including matters that involve sizeable creditor groups and issues concerning cross-border assets. The practice is jointly led by Hanneke De Coninck and Kees van de Meent.

Praxisleiter:

Hanneke De Coninck; Kees van de Meent


Weitere Kernanwälte:

Merijn Moeliker


Referenzen

‘Deep restructuring and insolvency expertise paired with M&A and Finance/Banking capabilities. Highly pragmatic.’

‘Joris Opstroom is very qualified and stands out.‘

‘Very strong, commercial and solution oriented. Always a pleasure to work with.’

Kernmandanten

BIYU B.V.


Lifestyle Group


Highlight-Mandate


HVG Law B.V.

HVG Law B.V.’s restructuring and insolvency team is led by Robin de Wit, who brings extensive experience across both turnaround and insolvency administration work. The group advises corporates, shareholders, lenders and investors on operational and financial restructurings, including refinancing exercises and distressed M&A, and is regularly appointed in significant bankruptcy and suspension-of-payments matters. The practice also handles schemes of arrangement, security enforcement issues and directors’ liability proceedings.

Praxisleiter:

Robin de Wit


Referenzen

‘I’ve had the pleasure of working closely with HVG Law on restructuring and insolvency matters, and I can highly recommend the firm. HVG Law is, in my view, an excellent choice for mid-market restructurings and insolvency.’

‘Robin de Wit has been an exceptional partner throughout our collaboration.‘

‚Robin de Wit represents an excellent choice for mid-market restructuring matters where you want partner level attention and practical solutions without sacrificing quality.’

Kernmandanten

Blokker B.V.


VanMoof B.V. / VanMoof Global Holding B.V.


Exem Energy B.V. (administration)


Hyet Energy Systems / Hyet Solar Netherlands


Urban Mining Corp B.V.


Renewd/ Dignitas Distribution B.V.


TravelBird B.V.


NV Rendo


TCN Urop B.V.


Ioniqa Technologies


Highlight-Mandate


  • Acted as bankruptcy trustee of Blokker B.V.
  • Acted as bankruptcy trustee of VanMoof B.V. and VanMoof Global Holding B.V.
  • Advised Hyet Energy Systems client in its restructuring and refinancing and in the end assisted with the application for suspension of payments as part of the restructuring process.

Jones Day

Jones Day advises on the full spectrum of domestic and cross-border restructuring issues, from formal insolvencies to corporate and financial restructurings. The team is led by Jasper Berkenbosch, who advises distressed companies, funds, banks and creditor groups on restructurings and insolvency-driven issues. Berkenbosch is supported by Sid Pepels, whose practice includes contentious restructuring and insolvency litigation, and Erik Schuurs, whose focuses include insolvency law and debt restructuring.

Praxisleiter:

Jasper Berkenbosch


Weitere Kernanwälte:

Erik Schuurs; Sid Pepels; Flip van der Drift; Gerjanne te Winkel


Referenzen

‚Multidisciplinary teams with specialties in relevant items. Strong client mentality.’

‘Knowledge, clarity, listening and team building capabilities. Especially Sid Pepels and Erik Schuurs stand out in this respect.‘

‘Solid team on restructuring and insolvency matters, with the advantage of having a trustee practice. Strong presence in retail.’

Kernmandanten

Blokker


Deltroit Asset Management


Riviera Maison


Mercon B.V.


Esprit Europe


Scotch & Soda


ICTS International N.V.


Axiom Partners GmbH


Esperaza Holding


Highlight-Mandate


  • Representing Deltroit Directional Opportunities Master Fund Limited in its challenge of Selecta’s liability management exercise in June 2025, through which Selecta and an ad hoc group of noteholders sought to restructure Selecta’s EUR 1,2 billion New York law governed notes.
  • Appointed as bankruptcy trustee of Blokker B.V., the Dutch leading household retail chain with approx. 3400 employees and 350 freestanding stores in the Netherlands.
  • Successfully defended the trustees of Scotch & Soda against a liability action for approx. €20m initiated by various suppliers before the Amsterdam District Court, resulting in a double cost compensation award.

Rutgers & Posch

The restructuring and insolvency team at Rutgers & Posch advises business owners, investors, and management and boards on both domestic and cross-border mandates, including complex reorganisations and bankruptcy-related issues. The practice is led by Loek Kerstens, whose work spans high-profile insolvencies, WHOA proceedings and restructuring litigation, including disputes around director liability, fraudulent transfers and the enforcement of security rights. Bas Kramer is a further key contact in distressed situations and international restructuring matters.

Praxisleiter:

Loek Kerstens


Weitere Kernanwälte:

Bas Kramer


Referenzen

‚Worked extensively with Bas Kramer in the restructuring practice. Well connected, commercial and reliable.‘

‘Pragmatic and practical advice but based on sound legal knowledge. Excellent rapport with international clients.‘

‘Well- versed in all aspects of insolvency law, complemented with high level of integrity and very personable style.’

Kernmandanten

Antarctica New Zealand


Arts en Zorg


DSW Zorgverzekeraar


Renovaro Group


Dedert IJs


DCTR Ventures


bunq


Intesa Sanpaolo


Trust Company Amsterdam


Highlight-Mandate


  • Advised ice cream manufacturer Dedert IJsin relation to its restructuring attempts and ultimate bankruptcy.
  • Acting for Dutch fintech bunq in legal proceedings against bankruptcy trustee revolving around electronic payments after the date of bankruptcy.
  • Representing Trust Company Amsterdam in multiple proceedings relating to bankruptcy of Exem Energy and €60m liability claim.

Stek

Stek‘s growing restructuring and insolvency practice advises financial institutions, investors and corporates on the full spectrum of restructuring, refinancing and wind-down matters. The team is led by Kelly Visser-van der Vooren.

Praxisleiter:

Kelly Visser-van der Vooren


Kernmandanten

ABN AMRO Bank N.V.


ING Bank N.V.


Coöperatieve Rabobank U.A.


Belfius


Aegon/ASR


Raiffeisen Bank International AG


OMV Downstream GmbH


Avedon


Kroll Agency & Trustee Business


Invest International


Highlight-Mandate


  • Representing a Dutch government-related lending institution, in a complex debt and equity financing of a publicly listed biotech company in distress.
  • Representing a pan-European hotel platform, and its managing directors, in navigating financial distress involving two international private equity shareholders.
  • Representing a Dutch bank on the urgent restructuring of its financing to a maritime company facing immediate liquidity pressure.

Windt Le Grand Leeuwenburgh

Windt Le Grand Leeuwenburgh‘s restructuring practice is jointly led by Richard Le Grand, who is frequently appointed by the Dutch courts in high-stakes matters, and Michiel Bindels, who brings a particular focus on distressed and special-assets situations within restructuring matters. The practice’s caseload complex insolvency appointments and investigations into financial mismanagement, drawing on a wealth of restructuring expertise. Marcel Windt, Ruben Leeuwenburgh, and Mark Mouthaan are further key contacts.

Praxisleiter:

Richard Le Grand; Michiel Bindels


Weitere Kernanwälte:

Marcel Windt; Ruben Leeuwenburgh; Mark Mouthaan


Referenzen

‘The team is proactive, practical and gets the job done. We found it very enjoyable to work with the team.‘

‘Michiel Bindels is able to distill what is important and what not and takes a practical approach to getting the job done. He is very pleasant to work with.’

‚They provide commercial advice and ask appropriate questions to understand client needs.‘

Kernmandanten

Steinhoff Recovery Foundation


Lumira DX


International Metal Trading B.V. (“IMT”)


Energieplaza


Allegion


European Recoveries Group B.V.


Highlight-Mandate


  • Appointed as Chairman of the Steinhoff Recovery Foundation in relation to the global settlement for the €7bn insolvency of Steinhoff International.
  • Appointed as trustee in the highly challenging insolvency of IMT which was one of the largest commodities traders in the Netherlands.
  • Acting for the agent of a group of 33 creditors in filing their late claims in the bankruptcy of Royal Imtech N.V.