Recent Matters

    July 2017

    Park 20|20 is a Cradle to Cradle-inspired office park in Hoofddorp that is being developed for VolkerWessels and Reggeborgh by the Delta Development Group. 
     Houthoff Buruma advised Park 20|20 on the turnkey sale of the NOW office building in Hoofddorp to Standard Life Investments. On completion, the office building was leased to Swiss RE, Macaw and Sony. The purchase price for the NOW building was approximately EUR 22 million. SLI was advised by Loyens & Loeff.
     



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    July 2017

    Houthoff Buruma successfully represented Nationale Nederlanden (NN) in proceedings that were brought by the foundation Vereniging Woekerpolis.nl in relation to investment-linked insurance offered by NN. The court ruled that generally speaking NN had provided sufficient information on costs and premiums. It thus concurred with NN’s position that the provision of information to customers should be assessed against the regulations and system of standards that applied when the investment-linked insurance was offered. The court dismissed all of Vereniging Woekerpolis’s claims.



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    July 2017

    Houthoff Buruma advised Dümmen Orange on the acquisition of the Phalaenopsis young plant business of SOGO Team Co. Ltd. SOGO is a Phalaenopsis young plant supplier located in Taiwan delivering plants to Europe, the Americas, Asia, Oceania and Africa employing around 250 workers.



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    July 2017

    Houthoff Buruma advised BGI Genomics Co., Ltd. in all Dutch-law aspects in connection with its successful IPO at the Shenzhen Stock Exchange. BGI is a leading gene sequencing firm, offering a wide portfolio of genetic testing products across major diseases, enabling medical providers and patients worldwide to realize the promise of genomics-based diagnostics and personalized healthcare.



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    July 2017

    Houthoff Buruma advised DP Eurasia N.V. and its shareholders (Turkish Private Equity Fund II L.P. and CEO Aslan Saranga) on the IPO of Netherlands-based DP Eurasia N.V. as premium listed company on the London Stock Exchange. DP Eurasia is the exclusive master franchisee of the Domino's Pizza brand in Turkey, Russia, Azerbaijan and Georgia. The group offers pizza delivery, takeaway and eat-in facilities at its 571 stores. The IPO comprised both a primary and secondary offering of a total of 74.1 million shares, equating to an offer size of approximately £148 million. This represents 51% of DP Eurasia’s share capital on admission, excluding the over-allotment option (58.6% including full exercise of the over-allotment option). Securities issued by non-UK companies, such as DP Eurasia, cannot be held or transferred electronically (i.e. dematerialised) in the CREST system for a paperless settlement of trades in listed securities and are therefore settled in the form of depositary interests. The admission to the premium listing segment of the Official List of the Financial Conduct Authority and to trading on the main market for listed securities of the London Stock Exchange took place on 3 July 2017.



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    July 2017

    Houthoff Buruma advised a Netherlands based insurance company on the outsourcing of the administrative handling of car insurance claims to an India-based business process outsourcing service provider.

    Houthoff Buruma team included: Thomas de Weerd , Jan Brölmann


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    July 2017

    Houthoff Buruma advised a multinational financial services company on the outsourcing of the administrative servicing of a consumer mortgage portfolio to a Netherlands-based financial services provider.

    Houthoff Buruma team included: Thomas de Weerd , Jan Brölmann


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    July 2017

    Houthoff Buruma represented Bregal Freshstream LLP, a UK-based private equity fund of Bregal Investments LLP, on the acquisition of a minority stake in Euro-Caps Holding B.V., a Netherlands-based company engaged in the manufacturing of private label coffee capsules.



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    June 2017

    Representing the association of realtors VBO Makelaar in ongoing civil proceedings before the court of Amsterdam against Funda, the largest online real estate portal in the Netherlands and subsidiary of the largest association of realtors in the Netherlands, NVM. The case is one of the few Dutch cases based on abuse of dominance. The case revolves around discriminatory practices by Funda to the detriment of VBO Makelaar's members, including:

    - ranking listings of VBO Makelaar’s members systematically lower than listings of NVM’s members.

    - charging VBO Makelaar’s members significantly higher prices for advertisements than NVM’s members.



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    June 2017

    Houthoff Buruma advised Stichting Bedrijfstakpensioenfonds voor de Bouwnijverheid ("BpfBOUW"), the fourth largest pension fund in the Netherlands with assets under management of approximately € 55 billion, on several legal matters concerning its relationship with APG. The advice pertained to, among other things, the legal documentation of the asset management, fund management and fiduciary and other advisory services provided by APG to BpfBOUW on an ongoing basis. The advice also covered the negotiations on a new Dutch law fiduciary management agreement with APG.



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