Banking & Finance

Banking & Finance

New requirements for capital, stricter rules of conduct and more complex European legislation have all had an effect on the financial markets. Financial institutions must always respond swiftly to developments in the financial sector and comply with constantly changing laws and regulations. Houthoff’s Banking & Finance Team has a comprehensive knowledge of the financial sector, and the laws and regulations that govern it. The experienced Banking & Finance Team provides services to domestic and foreign banks, investors, other financial institutions, large companies and supervisory authorities. Our specialists give advice on a large variety of banking and financial transactions. This can involve high-end acquisition, real estate, asset or project financing, syndicated or bilateral loans, or restructuring, all of this in the context of complex financial regulations and legislation.

  • “Sources appreciate that the lawyers ‘have a good understanding of what we like and do not like,’ adding: ‘They assist us in making decisions due to their pragmatic approach.’”
    Chambers Europe, Banking & Finance (2019 Edition)
  • “A client highlights the firm’s ‘insight and knowledge of the market,’ adding: ‘The firm has a vast set of capabilities and provides resources for a one-stop shop. Response times are very reasonable and always adhered to.’”
    Chambers Europe, Banking & Finance (2019 Edition)
  • Recommended
    Chambers Global, Banking & Finance (2019 Edition)
  • “Houthoff fields ‘a hands-on, practical and knowledgeable’ team, which acts for domestic and international banks.’”
    Legal 500, Banking & Finance: Lender or arranger side (2019 Edition)
  • Recommended
    Legal 500, Project finance and PFI (2019 Edition)
  • Recommended
    Legal 500, Banking & Finance: Asset finance and structured finance (2019 Edition)
  • Recommended
    Legal 500, Banking & Finance: Financial services regulatory (2019 Edition)
  • Recommended
    Legal 500, Banking & Finance: Borrower side (2019 Edition)
  • "According to clients, the team consists of 'very qualified professionals who provide legal advice and service of an exceptional level'."
    Chambers Europe, Banking & Finance (2018 Edition)
  • "One commentator praises the firm for demonstrating 'a good understanding of the European leveraged finance market,' adding that the lawyers are 'responsive and offer pragmatic advice'."
    Chambers Europe, Banking & Finance (2018 Edition)
  • "Houthoff’s ‘responsive’, ‘high-quality team’ is often instructed by major Dutch and international banks on high-value financings."
    Legal 500, Banking & Finance: Lender or arranger side (2018 Edition)
  • "Houthoff’s practice has considerable experience in handling financing transactions for clients in a wide range of sectors, including real estate and infrastructure."
    Legal 500, Banking & Finance: Borrower side (2018 Edition)
  • "Houthoff’s practice covers a wide range of asset and structured financing matters, including real estate and acquisition financing."
    Legal 500, Banking & Finance: Asset Finance and structured finance (2018 Edition)
  • Recommended
    Legal 500, Project finance and PFI (2018 Edition)
  • "The firm maintains a pragmatic, personal element to its work and gives us all the attention that is required."
    Chambers Europe, Banking & Finance (2017 Edition)
  • Recommended
    Chambers Global, Banking & Finance (2017 Edition)
  • "Houthoff Buruma is a truly reliable business partner with a great understanding of our company."
    Chambers Europe, Banking & Finance (2017 Edition)
  • "The ‘lean and very dedicated’ banking team at Houthoff Buruma has resources in Amsterdam, Rotterdam, London and New York, making it well placed to assist in multi-jurisdictional matters. Project finance is 'a particular area of expertise'."
    Legal 500, Banking and Finance: borrower side (2017 Edition)
  • "Houthoff Buruma has a broad finance practice, which in recent months has seen an uptick in asset finance deals."
    Legal 500, Banking and Finance: asset finance and structured finance (2017 Edition)
  • "The financial markets practice group at Houthoff Buruma is one of the firm’s cornerstone departments; project finance, real estate finance and real estate loan transfer transactions are among its areas of expertise."
    Legal 500, Banking and Finance: lender or arranger side (2017 Edition)

Our expertise in Banking & Finance

Parties in cross-border - and mostly complex - financial transactions can become caught up in the web of international legislation. Supervisory authorities closely monitor these transactions. Our experienced Banking & Finance Team is engaged by financial institutions, foreign law firms, investors and other market parties for effective advice and support.

Our specialists integrate their tax, legal and notarial expertise with their sector knowledge to provide well-considered advice and practical solutions. Thanks to our  offices in London and New York, Houthoff has an extensive international network that affords us access to the right expertise on foreign laws and regulations.

  • Houthoff advised Petrobras Global Trading B.V. on a USD 2,500,000,000 revolving loan and letter of credit facility agreement between Petrobras Global Trading B.V. as borrower, Petróleo Brasileiro S.A. – Petrobras as guarantor, Credit Agricole Corporate and Investment Bank as the administrative agent and The Bank of Nova Scotia, Citigroup Global Markets Inc., Credit Agricole Corporate and Investment Bank, JPMorgan Chase Bank, N.A. and Mizuho Bank, Ltd as joint bookrunners and joint lead arrangers.

  • Houthoff represented The Datacenter Group in the acquisition of two data centers from Rabo Bouwfonds Communication Infrastructure Fund and the refinancing of The Datacenter Group.

  • Houthoff is advising a Japanese bank on its defence against announced class actions for damages as a follow-on to several alleged cartels regarding InterBank Offering Rates.

  • Houthoff advised TH Real Estate on the acquisition and financing of a modern logistics complex in Rotterdam (Maasvlakte II). This is the second acquisition for TH Real Estate's European Logistics Fund. The vendor, which is also the occupier of the property, is selling the property in a sale and long-term leaseback transaction. The property comprises two buildings, dating from 2008 and 2016. It has a total lettable area of 39,500 square metres, most of which is laid out for the storage of hazardous goods. 
  • Houthoff advised Attestor Capital LLP in the purchase of approximately 75 real estate loans from ABN AMRO with a combined nominal value of over EUR 200 million.
  • Advised Orbimed Advisors, one of the leading debt investors in the life science sector, in a USD 100 Million debt financing of Pharming Group N.V. a Dutch listed company. The proceeds were used to redeem outstanding convertible bonds and an existing senior debt facility with Sillicon Valley Bank. As part of the transaction Pharming issued 9.2 million warrants to Orbimed.
  • Houthoff 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.
  • Houthoff advised ABN AMRO Bank, ING Bank and ABN AMRO Lease on a complex asset based financial restructuring and LTV pool based financing of an international group of companies.
  • Advising Van Oord on its new € 400 million revolving facility agreement.
  • Houthoff, together with White & Case, advised the sponsors in a project finance of a test well. Value in excess of USD 1 billion.
  • Houthoff, together with Shearman & Sterling, advised JP Morgan and a syndicate of banks on a US$ 1,5 billion refinancing of the acquisition finance relating to the acquisition of AMC Entertainment by Affiliates of J.P. Morgan Partners and Apollo Management.
  • Houthoff advised the seller in a private equity transaction regarding a multi-national industrial ink manufacturer with substantial activities in the Netherlands.
  • Advised, jointly with Skadden, Arps, Slate, Meagher & Flom, Deutsche Bank AG as administrative and collateral agent on a major syndicate refinancing for Owens-Illinois, one of the world’s leading glass-packaging manufacturer. The deal consisted of a USD 300 million revolver, a USD 600 million multicurrency revolver, a USD 600 million term loan facility, a EUR 278 million term loan facility and a USD 300 million delayed draw term loan facility.
  • Houthoff advised Attestor in relation to the acquisition of a substantial (distressed) loan portfolio of one of the Dutch larger banks.
  • Advising BayernLB on its mortgage-backed financing of three offices in Amsterdam (Herengracht & SouthAxus). Deal value +/- € 60 million.
  • Advising BerlinHyp on its mortgage-backed financing of the Q-Park Garage at the SouthAxus in Amsterdam. Deal value +/- € 50 million.
  • Houthoff advised ING Bank and ABN AMRO Bank in relation to a loan facility for DRES Master Fund C.V. for the purpose of financing a large residential portfolio.
  • Advising TPG Specialty Lending Europe on its financing to Marlin Equity Partners for the acquisition of IBS AB, a Swedish entity, which has several subsidiaries around the world, including entities in the Netherlands which include Iptor Nederland B.V. and IBS Enterprises Netherlands B.V.
  • Advising European Merchant Finance, a Dutch trade finance company, on payment services and credit compliance aspects as well as its contract with CCV Holland, a Dutch regulated payment institution.
  • Advised the OpenIJ consortium, consisting of BAM, Volker Wessels, DIF and PGGM, on the EUR480 million+ financing of its successful bid for the new sealocks at IJmuiden.

    This matter is particularly significant because when completed, these will be the largest sealocks in the world. Also, the IJmond project is the first large ‘wet’ infrastructure PPP project in the Netherlands to reach financial close. The IJmond project won Project Finance International (PFI)’s Europe PPP Deal of the Year 2015.

Publications

Key Contact

Amsterdam
Advocaat | Partner
+31 20 605 61 07
+31 6 5365 8037
Jessica Terpstra

Key Contact

London
Advocaat | Partner
+44 207 422 50 42
+44 793 250 73 92
Andé de Neve

Key Contact

Rotterdam
Advocaat | Partner
+31 10 217 24 23
+31 6 5184 5369
Helena Sprenger

Key Contact

New York
Advocaat | Partner
+1 212 403 67 05
+1 646 552 13 20
Bastiaan Siemers

Key Contact

Amsterdam
Of Counsel
+31 20 605 69 76
+31 6 5106 0978