Restructuring & Insolvency

Periods of financial distress demand fast, informed decisions. Whether facing operational setbacks, liquidity issues or broader market pressures, companies need clear legal guidance to protect value and manage risk.
Restructuring & Insolvency

Top-ranked in Restructuring & Insolvency

Our top ranking in legal directories such as Chambers Europe and Legal 500 reflects the trust that clients – debtors and creditors – have in our in-depth expertise and our approach to complex legal issues. We are involved in market-defining restructuring and insolvency processes – such as Steinhoff, Fortenova, Lehman Brothers and DSB Bank – demonstrating our continued leadership in both the Dutch and international markets.

Comprehensive expertise in restructuring, administration and litigation

Our practice offers a full spectrum of services:

  • Encompassing complex and novel restructuring advice
  • High-end administration work
  • Specialised insolvency litigation

We are regularly instructed on the largest and most complex restructurings in the Netherlands, acting for both debtors (such as Fortenova (formerly Agrokor) and Lumileds) and creditors (including Sportcity, SNS).
Our team’s expertise extends to complex cross-border matters, with deep experience in international insolvency regimes such as:

  • The EU Insolvency Regulation
  • US Chapter 11
  • The English scheme of arrangement

We are at the forefront of innovative restructuring solutions. Our experts are involved in the Dutch pre-insolvency scheme proceedings (WHOA), both as advisers and as court-appointed observers in landmark cases such as Intercement, Vroon and Steinhoff.

The team is also regularly appointed in high-profile administration proceedings, including Lehman Brothers, Steinhoff, DSB, Agrenco and SwissAir. Our sophisticated, deal-oriented approach and ability to create novel solutions have firmly secured our top-tier status.

In addition, our practice has established a formidable reputation for insolvency litigation. We have strong experience in Supreme Court litigation, including matters related to insolvency. Our team has contributed to developments in insolvency and financial law – an expertise matched by very few firms in the Netherlands.

Houthoff insolvency website

This website contains information about bankruptcies and suspension of payments procedures in which a lawyer of Houthoff has been appointed as bankruptcy trustee or administrator respectively.

Trusted partner for complex cross-border matters

Our team works closely with experts in M&A and banking & finance. Through our membership in Lex Mundi, the most exclusive global network of law firms, we provide clients with top-tier counsel on cross-border matters. Our close ties with trusted firms in all major jurisdictions ensure consistent quality and coordination. We excel in handling sensitive, high-profile cases where the stakes are high and the margin for error is small.

Recent
work

Represented Fortenova Group, the largest food producer and retailer in South-Eastern Europe with an annual turnover of EUR 5 billion and 47.500 employees, in the implementation of a comprehensive restructuring resulting from the presence of sanctioned debt and equity holders in its capital structure and cross-border litigation in connection therewith.

Representing investment firm Indofin, in relation to the IHC Group's restructuring in 2020.

Advised the ad hoc group of creditors to the Consolis group in the successful implementation of its comprehensive recapitalization.

Advised and represented Finqus B.V. and DSB Bank N.V. (in bankruptcy) on the sale of Finqus' loan portfolio with a purchase price of approx. EUR 1.5 billion to NIBC Bank N.V.

Advising the Derivatives Committee on the creation of the Uniform Recovery Framework for Interest Rate Derivatives, a compensation mechanism that compensates Dutch SMEs for interest rate derivatives they purchased from the six largest banks in the Netherlands.

Acted as one of two court-appointed observers in the Dutch restructuring scheme ("WHOA") of Steinhoff International Holdings N.V.

Advising DSB on the distribution (and its preparation of that) of approximately EUR 650 million estate surplus to more than 280,000 interest claimants, consisting of former DSB account holders and the Dutch Central Bank (DNB) as administrator of the deposit guarantee scheme.

Advised the Municipality of Amsterdam in relation to the financial restructuring of its 100% subsidiary AEB (Amsterdamse Afval Energie Bedrijf).

Represented one of the major airlines involved in the air cargo cartel Dutch civil damage proceedings.

Advised Lumileds, a global leader in innovative lighting solutions, in its comprehensive financial restructuring. Lumileds emerged from a Chapter 11, resulting in a leadership transition and a funded debt reduction of approximately USD 1.4 billion.

Acting as court appointed bankruptcy trustee of DSB Bank, Houthoff continued to unwind the legacy of the failed bank following the settlement agreement made with claimants regarding overcharged premiums and interest obligations.

Represented Fortenova Group, the largest food producer and retailer in South-Eastern Europe with an annual turnover of EUR 5 billion and 47.500 employees, in the implementation of a comprehensive restructuring resulting from the presence of sanctioned debt and equity holders in its capital structure and cross-border litigation in connection therewith.

Representing investment firm Indofin, in relation to the IHC Group's restructuring in 2020.

Advised the ad hoc group of creditors to the Consolis group in the successful implementation of its comprehensive recapitalization.

Advised and represented Finqus B.V. and DSB Bank N.V. (in bankruptcy) on the sale of Finqus' loan portfolio with a purchase price of approx. EUR 1.5 billion to NIBC Bank N.V.

Advising the Derivatives Committee on the creation of the Uniform Recovery Framework for Interest Rate Derivatives, a compensation mechanism that compensates Dutch SMEs for interest rate derivatives they purchased from the six largest banks in the Netherlands.

Acted as one of two court-appointed observers in the Dutch restructuring scheme ("WHOA") of Steinhoff International Holdings N.V.

Advising DSB on the distribution (and its preparation of that) of approximately EUR 650 million estate surplus to more than 280,000 interest claimants, consisting of former DSB account holders and the Dutch Central Bank (DNB) as administrator of the deposit guarantee scheme.

Advised the Municipality of Amsterdam in relation to the financial restructuring of its 100% subsidiary AEB (Amsterdamse Afval Energie Bedrijf).

Represented one of the major airlines involved in the air cargo cartel Dutch civil damage proceedings.

Advised Lumileds, a global leader in innovative lighting solutions, in its comprehensive financial restructuring. Lumileds emerged from a Chapter 11, resulting in a leadership transition and a funded debt reduction of approximately USD 1.4 billion.

Acting as court appointed bankruptcy trustee of DSB Bank, Houthoff continued to unwind the legacy of the failed bank following the settlement agreement made with claimants regarding overcharged premiums and interest obligations.

Ranked in Band 1

Chambers Europe

Restructuring/Insolvency (2025 Edition)

"Houthoff has very strong litigation and insolvency teams of very high quality. The quality of its work is of the highest level."

Chambers Europe

Restructuring/Insolvency (2025 Edition)

"Houthoff stands out for its creativity. The team has always been open to, and very effective at, thinking outside the box and coming up with creative solutions to complicated problems."

Chambers Europe

Restructuring/Insolvency (2025 Edition)

Ranked in Tier 1

Legal 500

Restructuring & Insolvency (2025 Edition)

"One of the best teams in the Netherlands with an in-depth knowledge of insolvency law, WHOA and restructuring techniques. They are leading with an excellent team. My go-to firm for restructuring. An excellent reputation with the courts too."

Legal 500

Restructuring & Insolvency (2025 Edition)
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Publications

15 November 2023
15 November 2023
Kroniek WHOA 2,5 jaar WHOA-uitspraken. Tijdschrift voor Insolventierecht.
30 November 2022
30 November 2022
De omgangswijze van curatoren met boedelschuldeisers bezien vanuit het verbintenissen- en faillissementsrecht. Maandblad voor Vermogensrecht.
15 March 2022
15 March 2022
Reactie op het consultatiedocument betreffende het insolventierecht. Houthoff.
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