Harm-Paul specialises in individual and collective asset management and financial regulatory law. His work involves the establishment and restructuring of investment institutions and he advises real estate managers, pension funds and other institutional investors on discretionary and fiduciary asset management and asset pooling. He also advises on capital market transactions involving domestic and foreign investment institutions. In addition, Harm-Paul assists foreign investment funds, asset managers and institutional investors with the laws and regulations governing and supervising financial institutions in the Netherlands.
Clients say that he is "commercially aware, effective and service-minded."Chambers Europe, Investment Management (2018 Edition)
Associate to watchChambers Europe, Investment Management (2018 Edition)
Harm-Paul Plas is "a pleasure to work with" according to clients.Chambers Europe, Investment Management (2017 Edition)
Qualifications & Experience
- LL.M. Civil Law (University of Groningen)
Houthoff advised Stichting Bedrijfstakpensioenfonds voor de Bouwnijverheid (BpfBOUW), the fourth largest pension fund in the Netherlands, managing assets of approximately EUR 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.
Houthoff advised Stichting Bedrijfstakpensioenfonds voor de Zuivel en aanverwante industrie ("Bpf Zuivel"), a Dutch industry wide pension fund, on inter alia the following legal matters:
(i) the delegation of certain of Bpf Zuivel's asset management tasks to BNP Paribas Investment Partners Netherlands N.V. by means of an investment management agreement entered into between Bpf Zuivel and BNP Paribas Investment Partners Netherlands N.V.;
(ii) the outsourcing of Bpf Zuivel's pensions management and related tasks to Syntrus Achmea Pensioenbeheer N.V. by means of a pensions management agreement entered into between Bpf Zuivel and Syntrus Achmea Pensioenbeheer N.V.; and
(iii) the appointment of Kas Bank N.V. as Bpf Zuivel's custodian by means of a custody agreement entered into between Bpf Zuivel and Kas Bank N.V.
Advising the Pension Fund for the Medical Specialists, with assets under management of more than € 8 billion on, inter alia:
(i) their custody contracts with JP Morgan;
(ii) their fiduciary asset management contract with BlackRock;
(iii) their ISDA contracts; and
(iv) their fund investments.
Continuing to advise the Transport Industry Pension Fund, with assets under management of approx. € 17 billion, on, inter alia:
(i) their asset pooling structure, including the implications of the AIFMD;
(ii) their fund investments (private equity and real estate funds);
(iii) their custody contracts with Northern Trust Global Advisors;
(iv) the continuing appointment of new asset managers (approx. 30); and
(v) their ISDA contracts.
Advised CBRE Global Investment Partners, part of one of the world’s premier, full-service commercial real estate services and investment companies, on setting up a Dutch fund targeting European co-investment and joint venture strategies, having raised a total of USD 840 million of equity sourced from six investors.
Houthoff advised Stichting Bedrijfspensioenfonds voor het Bakkersbedrijf (Bpf Bakkers), a Dutch pension fund managing assets of approximately EUR 3.5 billion, on the appointment of NN Investment Partners as their new integrated fiduciary asset manager. This transaction involved the preparation and negotiations of a fiduciary management agreement under Dutch law based on Bpf Bakker's own template.