Restructuring & Insolvency

Restructuring & Insolvency

Clients involved in a company experiencing financial difficulties need thorough advice and a 360° view of the problems confronting them. In situations of cross-border restructuring or imminent insolvency, it is essential to have an understanding of and experience in complex financing structures, as well as the EU Insolvency Regulation and foreign insolvency proceedings such as the US Chapter 11 and the English 'scheme of arrangement'.

It is sometimes also necessary to conduct legal proceedings swiftly and effectively. Insolvency disputes require strategic insight and a thorough approach. Houthoff has built up an unrivalled insolvency practice. Our litigators have the expertise and authority to litigate at the Dutch Supreme Court, and our lawyers regularly act as bankruptcy trustees or administrators in insolvency proceedings.

Houthoff’s Restructuring & Insolvency Team is a market leader. They are internationally recognised and have been ranked highly in legal guides such as Chambers and the Legal 500 for many years. The team has in-depth expertise and experience, and has played a leading role in almost all of the cases in the Dutch market in recent years. 

  • “Sources report that the lawyers ‘are pragmatic and they get to the point quickly.’”
    Chambers Europe, Restructuring & Insolvency: Administration (2020 Edition)
  • "They are first class,’ lauds one client, adding that ‘they’re innovative, smart and a cut above the rest.’”
    Chambers Europe, Restructuring & Insolvency (2020 Edition)
  • “Sources report that the lawyers ‘are pragmatic and they get to the point quickly.’”
    Chambers Europe, Restructuring & Insolvency (2020 Edition)
  • "They are first class,’ lauds one client, adding that ‘they’re innovative, smart and a cut above the rest.’”
    Chambers Europe, Restructuring & Insolvency: Administration (2020 Edition)
  • First Tier firm
    Chambers Europe, Restructuring & Insolvency (2020 Edition)
  • “The team has earned a distinguished international reputation. They are a committed and dedicated team with likeable lawyers who have specialist expertise in complex cross-border restructurings and insolvency proceedings. My experience is that their lawyers are hard-working, commercial and solution-oriented.”
    Legal 500, Restructuring & Insolvency (2020 Edition)
  • “Houthoff is one of our favourite law firms to work with on complex cross-border insolvency matters, and we have built a long-standing relationship and trust with them. Compared to larger firms, Houthoff has a boutique approach with partners that are very committed and are available and responsive during a deal.”
    Legal 500, Restructuring & Insolvency (2020 Edition)
  • “They quickly and effectively find answers and solutions to complex legal and substantive questions.”
    Chambers Europe, Restructuring & Insolvency (2019 Edition)
  • “Interviewees highlight the lawyers’ ‘strong analytical and communication skills.’”
    Chambers Europe, Restructuring & Insolvency (2019 Edition)
  • First Tier firm
    Chambers Europe, Restructuring & Insolvency: Administration (2019 Edition)
  • First Tier firm
    Chambers Europe, Restructuring & Insolvency (2019 Edition)
  • “Houthoff is credited with being ‘a well-coordinated, clearly led team that quickly understands the business, the issues, and drives for results.’”
    Legal 500, Restructuring & Insolvency (2019 Edition)
  • First Tier firm
    Legal 500, Restructuring & Insolvency (2019 Edition)
  • First Tier firm
    Chambers Europe, Restructuring & Insolvency (2018 Edition)
  • First Tier firm
    Chambers Europe, Restructuring & Insolvency: Administration (2018 Edition)
  • First Tier firm
    Chambers Europe, Restructuring & Insolvency: Administration (2018 Edition)
  • "They have shown good skills and ability to cross the bridge between the legal and the financial world."
    Chambers Europe, Restructuring & Insolvency: Administration (2018 Edition)
  • "Houthoff’s ‘extremely commercial and practical’ department has excellent cross-border capabilities, and is ‘very knowledgeable about complex legal matters’."
    Legal 500, Restructuring & Insolvency (2018 Edition)
  • First Tier firm
    Legal 500, Restructuring & Insolvency (2018 Edition)
  • First Tier firm
    Chambers Europe, Restructuring/Insolvency (2017 Edition)
  • Advised OSX Brasil S.A. and its Dutch subsidiaries. on the restructuring of their consolidated debt of over US$ 2.5 billion, including representing the OSX companies in various litigation matters in the Netherlands as well as coordinating litigation abroad. The team worked also on the debt restructuring of OSX 3, the USD 450 million bond structure and the syndicated debt of USD 850 million.
  • Houthoff acted as Dutch counsel in connection with the preparation and implementation of the settlement plan relating to the  Agrokor group. Agrokor entered into an insolvency process in 2017 under  'Lex Agrokor', a law passed in Croatia aimed at the restructuring of Agrokor in view of its systemic importance for the Croatian economy. The business has been transferred to the Fortenova Group. 
  • Houthoff, together with Stikeman Elliott LLP, advised Essar Steel Algoma, Inc. and its (Dutch) group companies in respect of a USD 200 million DIP-financing, which was provided by Deutsche Bank AG for the purpose of the voluntary proceedings under (i) the Companies’ Creditors Arrangement Act in the Ontario Superior Court of Justice, and (ii) chapter 15 of title 11 of the United States Code.
  • Houthoff advised Bank of America Merrill Lynch and Neuberger Berman on a large Sharia based financial restructuring.
  • Houthoff acted on behalf of De Viersprong, a highly specialised mental healthcare institute (GGZ) employing over 300 people, in its successful standstill and turnaround negotiations with its financiers, institutional creditors, the WFZ (healthcare guarantee sector fund) and the relevant health care insurers.
  • V&D was a landmark brand of high street located department stores (63 stores) in the Netherlands and was founded in 1887. Houthoff advised the company in a wide array of matters, including the restructuring of its debt, and representing the company in several high profile litigation matters related to real estate and labour law.
  • 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.
  • Acting as court appointed bankruptcy trustee of DSB Bank, Houthoff continued through 2014 to unwind the legacy of the failed bank following the settlement agreement made with claimants regarding overcharged premiums and interest obligations. To date, 40 employees of the bank are employed.
  • Advised Aurelius, through its investment vehicle Capricorn, in lodging several claims in the Netherlands, relating to, among others, (a) the voidance of several intercompany transactions of the Oi Group which have been to the detriment of the group's creditors and (b) to prevent the ailing Brazilian parent company from borrowing any more money from one its Dutch subsidiaries.

主要联系人

阿姆斯特丹
Advocaat | Partner
+31 20 605 65 36
+31 6 4316 3064
Christiaan Zijderveld

主要联系人

阿姆斯特丹
Advocaat | Partner
+31 20 605 61 50
+31 6 2290 6791