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.

  • recommendation people shaking hands
    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)
  • recommendation people shaking hands
    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)
  • recommendation people shaking hands
    Recommended
    Legal 500, Project finance and PFI (2018 Edition)
  • recommendation people shaking hands
    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)
  • recommendation people shaking hands
    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)
  • recommendation people shaking hands
    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)
  • recommendation people shaking hands
    "Houthoff Buruma is a truly reliable business partner with a great understanding of our company." 
     
    Chambers Europe, Banking & Finance (2017 Edition)
  • recommendation people shaking hands
    Recommended
    Chambers Global, Banking & Finance (2017 Edition)
  • recommendation people shaking hands
    "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)
  • recommendation people shaking hands
    "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)
  • recommendation people shaking hands
    "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)
  • recommendation people shaking hands
    "Houthoff Buruma employs knowledgeable and skilful lawyers, the quality of the work is good and questions are answered swiftly. It gives us the absolute conviction that it will negotiate strongly to safeguard our company's best interests."
     
    Chambers Europe, Banking & Finance (2016 Edition)
  • recommendation people shaking hands
    "Houthoff Buruma is our preferred counsel for financial deals. It understands what has to be done, and has great communication skills too."
     
    Chambers Europe, Banking & Finance (2016 Edition)
  • recommendation people shaking hands
    "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)
  • recommendation people shaking hands
    "The team at Houthoff Buruma ‘translates complex legal issues into clear and comprehensible language’ and provides a ‘swift solution’."
     
    Legal 500, Banking and Finance (2016 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 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. 
  • Advising BerlinHyp on its mortgage-backed financing of the Q-Park Garage at the SouthAxus in Amsterdam. Deal value +/- € 50 million.
  • Advising BayernLB on its mortgage-backed financing of three offices in Amsterdam (Herengracht & SouthAxus). Deal value +/- € 60 million.
  • In deviation of its judgment Vis q.q. / NMB from 1989, in JPR / Gunning q.q. the Supreme Court found that a bankruptcy trustee can revoke an electronic payment transaction if the payment order has not led to a credit entry in the bank account of the receiving party on the moment of the bankruptcy. The Supreme Court overruled its own old judgment prospectively: the new rule is only applicable to bankruptcies declared after the new judgment.

    Click here for the judgment of the Supreme Court.
  • 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 European Merchant Finance, a new Dutch alternative finance provider, on the structuring of its new and bespoke SME finance concept and the finance documentation tailored for that purpose.
  • 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 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 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.
  • 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 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.
  • Houthoff advised the Fulmer group in an M&A transaction involving the acquisition of BMB Electronics Group.

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
Advocaat | Counsel
+31 20 605 69 76
+31 6 5106 0978