Europe - Netherlands

Houthoff

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Houthoff‘s restructuring and insolvency team has strong capabilities handling the broad range of matters for its clients, including advising on the complex restructuring schemes of multi-million euro companies; on suspension of payments matters; and on the distribution of high-value interest claims to high numbers of creditors in multi-party cases. At the team’s helm is ’trusted partner and impressive negotiator’ Christiaan Zijderveld, who is well equipped to advise clients on the array of distressed situations. Frédéric Verhoeven is another noteworthy practitioner in the team with a banking and finance specialism and particular experience in cross-border matters. David Heems is focused on the full-range of contentious work in relation to insolvencies, while senior associate Karien van Boekel is noted as being ‘a reliable expert in her field’.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

  • ‘A dedicated and diverse team with key expertise, that go the extra mile and seamlessly work together. They are pragmatic and business-oriented.’

  • ‘Christiaan Zijderveld is an expert - collaborative and solutions-oriented with very good business sense. He is a pragmatic team player who goes above and beyond - a trusted partner and impressive negotiator.'

  • 'Philip van der Eijk is a trusted advisor and good communicator with an ability to manage complex cases. Karien van Boekel is professional, dedicated and gets things done - a reliable expert in her field.'

  • ‘Houthoff's practice is one of the best regarded in the Netherlands - they are creative and understand the business.’

  • ‘Christiaan Zijderveld is creative and great to work with. Frédéric Verhoeven is able to align parties with opposing interests.’

  • ‘A truly joined up team which through its composition and leadership performs highly, which results in comprehensive, powerful and robust solutions to our sometimes complex restructurings.’

  • ‘David Heems stands out in his approach combining a holistic, architectural method, which ensures that all angles are covered.'

  • ‘Frédéric Verhoeven and Christiaan Ziderveld are intelligent, resourceful and a pleasure to work with.’

Key clients

  • teinhoff 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
  • Time Bio Ventures
  • ABNAMRO
  • Bomo (Hotels van Oranje)
  • Directors of Fortress Group
  • Lumileds Group

Work highlights

  • Advising HPS ($95bn under management) in multiple proceedings against Sportcity, a major Dutch gym chain to which HPS financed €130m, following Sportcity's court approval restructuring scheme, for not properly reporting or accounting their figures.
  • Advised joint administrators in the suspension of payments (SoP) of Steinhoff International Holdings N.V. (SIHNV) – the total estimated debt (consolidated) was greater than €15bn.
  • Advising DSB Bank in a successful offering of a composition plan to a committee of representatives, involving the €650m distribution of post-bankruptcy interest claims to more than 280,000 creditors.

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.

Frédéric Verhoeven

Frédéric Verhoeven

Hall of fameHouthoff

Frédéric specialises in cross-border insolvency law and restructuring. He advises clients involved in an array of insolvency situations (companies, creditors, investments institutions and directors). Frédéric is also regularly appointed as a bankruptcy trustee and administrator by the district courts. In recent years, he has been engaged as a lawyer or bankruptcy trustee in international restructurings and bankruptcies in the Netherlands, including Lehman Brothers, Oi, OSX / OGX, SwissAir, Van der Hoop Bankiers, Joh, Enschedé and DSB Bank. Frédéric is the head of Houthoff’s Restructuring & Insolvency practice group. Frédéric teaches and publishes on insolvency law, and is a board member of the Dutch Association of Insolvency Practitioners (INSOLAD). He is also a member of the specialists’ association INSOL Europe and the International Insolvency Institute.

Leading individuals

Christiaan Zijderveld

Christiaan Zijderveld

Houthoff

He assists clients that face financial difficulties. He also assists creditors (e.g. financial institutions and hedge funds) with distressed investments. Christiaan has been involved in the insolvency matters of Lehman Brothers Treasury Co B.V., Lehman Brothers Securities N.V. (Curaçao) and DSB Bank. In recent years, much of Christiaan's work has focused on cases relating to the real estate sector, the retail sector, and the oil & gas/offshore sector. Recently Christiaan led the Houthoff team that advises on the cross border restructuring of Agrokor, an Eastern European agri/food group. Christiaan leads the team that advises the committee responsible for drafting the Uniform Recovery Framework, a compensation scheme that allows Dutch SME's to be compensated for Interest Rate Derivatives they bought from the six largest banks in the Netherlands.

Next Generation Partners

David Heems

David Heems

Houthoff

David has a broad dispute resolution practice with a focus on commercial, finance and insolvency litigation, including proceedings in relation to directors' liability and annual accounts proceedings. He is regularly involved in cross-border restructurings, such as the litigation concerning Dümmen Orange, Steinhoff, Royal IHC, Oi and OSX. David is the co-chair of the Reorganisation and Workouts Committee of the International Bar Association. He is the co-author of a leading commentary on articles concerning the actio pauliana. David has been a lecturer on insolvency law at the University of Amsterdam for over ten years. He is also a senior lecturer at the Law Firm School.

Practice head

The lawyer(s) leading their teams.

Christiaan Zijderveld

Other key lawyers

Frédéric Verhoeven, Joost den Hollander, David Heems, Philip van der Eijk, Karien van Boekel