19 April 2024Digital Realty sells 24.9% interest in Frankfurt data centers to Digital Core REIT for EUR 118 million
Digital Realty Trust, LP (NYSE listed) has completed the sale and transfer of a 24.9% interest in data centers located in Frankfurt, Germany, to Digital Core REIT (Singapore listed) for EUR 118 million.
16 April 2024De Brauw advises Rabobank on EUR 1 billion tender offer for Rabobank Certificates
De Brauw advises Rabobank on EUR 1 billion tender offer for Rabobank Certificates
14 April 2024ENNIA gets big bail out - governments Curacao, St Maarten and Central Bank set up a new bailout fund
ENNIA, the largest insurance group in the Dutch Caribbean with insurance companies located in Curaçao, Sint Maarten, Aruba and Bonaire, and business in the other islands as well as Suriname, received a large bailout from the governments of Curacao, Sint Maarten and the Central Bank. ENNIA has been in severe financial difficulties due to mismanagement and fraudulent behaviour of its owner Parman International B.V., led by Iranian-American Hushang Ansary. De Brauw has successfully assisted the Central Bank of Curaçao and Sint Maarten (CBCS) in litigation proceedings against Ansary and former directors of ENNIA, which resulted in a number of positive judgements ordering Ansary and the former directors to repay ENNIA hundreds of millions of Netherlands Antillean guilders in damages. The group requires alternative funding solutions at least until those funds come in.