NautaDutilh continues to prove itself as a market-leading firm for structured finance. The team possesses an in-depth knowledge on covered bonds and securitisations, placing it at the forefront of many high-value and complex cross-border transactions. Prominent members of the practice include Michaëla Ulrici, who co-chairs the Dutch structured finance team, and Arjan Scheltema, who leads the financial law, capital markets and structured finance department. Reinier Dommerholt heads the structured finance sustainability team and regularly advises on securitisations, covered bonds, capital markets transactions, and loan portfolio transfers. Liza Gerritsen is also noted for her capabilities with asset-based financing, including financing structures backed by mortgages, consumer loans, and SME loans.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

  • 'The Asset & structured finance team of NautaDutil is THE leading firm in the Netherlands in the field of structured and asset-backed finance. The experience of the senior partners remains unparalleled and combined with the strong team, NautaDutilh very firmly remains at the top of my list of firms to work with in the Dutch market. NautaDutilh have drafted numerous ground-breaking transactions in securitisation, covered bonds and direct lending platforms, not only in the past but they keep doing so every year. Also the breadth of the type of transactions they work on is impressive, from regular RMBS, to BtL, to consumer, to more esoteric asset-classes. In securitisation, in covered bonds and in setting up lending platform, they continue to lead the market by bringing innovative solutions to the market.'
  • 'Michaela Ulrici and Arjan Scheltema not only have decades of experience, but they also know how to make it work for their clients: being effective where it can be done but highly creative where it is required! The breadth of the team is impressive with some very strong and reliable senior counsels that I always enjoy working with. I am always looking forward to starting a new transaction so I get to work with this great team again!'
  • 'Both Arjan Scheltema and Reinier Dommerholt are very communicative and collaborative. Their knowledge of covered bonds in the Dutch market is very high.'
  • 'The team has a great knowledge of the overall market and is the go to firm for banking and finance topics in the dutch market. They are very hands on and are keen to come to practical solutions.'
  • 'Liza Gerritsen and Michaela Ulrichi. Perfect to have one point of contact, all knowledge within the company. If other departments need to be involved to coordination remains with the contact person. Very customer driven and thinking in solutions and not why things can't be achieved. Very good knowledge on everytying on Financial Institutions and deal structuring.'
  • 'NautaDutilh's Structured Finance team is our go to counsel for any structured finance transaction, specifically related to mortgage receivables. The team's knowledge and experience in this industry is unparalleled. They are dependable, deliver in time and are transparent when it comes to billing by sending us clear descriptions of hours spent. Extra plus is the team's close cooperation with other teams within the firm - such as the financial law team - that truly makes them a full-service firm.'
  • 'Arjan Scheltema: Best covered bonds lawyer in the Netherlands. Knows all rules and legislation by heart and is commercially savvy. Reinier Dommerholt: Great to work with and very intelligent. Committed, responsive and thinks along with us a great deal. Sascha van Gerrevink: Pragmatic, to the point and very approachable. You just know things will get done the right way.'
  • 'Besides knowledge of the broader Dutch market, individuals also have a good understanding of our business and our requirements. The team keeps an eye out for our best interests in structuring and negotiations.'

Key clients

  • ABN AMRO Bank N.V.
  • ASR Levensverzekering N.V.
  • de Volksbank N.V.
  • NIBC Bank N.V.
  • Nationale-Nederlanden Bank N.V.
  • Triodos Bank N.V.
  • Venn Partners LLP
  • MeDirect Bank SA/NV
  • Coöperatieve Rabobank U.A.
  • Aegon Bank N.V.
  • Dynamic Credit Group
  • Achmea Bank N.V. /Achmea Group
  • ING Bank N.V.
  • Blauwtrust Groep N.V.
  • Crédit Agricole Consumer Finance Nederland B.V.
  • Qander Consumer Finance B.V.
  • DMF Investment Management B.V.
  • Intertrust Management B.V.
  • Argenta Spaarbank N.V.
  • Build Investment Management B.V.
  • Vistra (Netherlands) B.V.
  • J.C. Flowers & Co.
  • DAR Hypotheken
  • IN3 NL B.V.
  • T-Mobile Netherlands B.V.

Work highlights

  • Acted for Achmea Bank N.V. in structuring the transfer of CPT Covered Bonds.
  • Assisted ASR Levensverzekering N.V. as drafting counsel with the set-up of its securitisation transaction (ASR / Delphinus 2023-I).
  • Assisted DMFCO and DMF Investment Management (“DMF IM”) with their collaboration on residential mortgages with Achmea Bank.

Lawyers

Hall of Fame
The lawyers at the very top of the profession, widely known and respected by peers and clients for their longstanding involvement in market-leading work.
Leading partners
The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.
Next Generation Partners
Junior partners with significant recognition from clients and peers in the market and key roles on multiple matters.

Practice head

The lawyer(s) leading their teams.

Arjan Scheltema, Michaëla Ulrici

Other key lawyers

Liza Gerritsen, Reiner Dommerholt