De Brauw has acted as lead counsel to Rabobank on the termination of the administration of the Rabobank Certificates, aimed at simplifying the legal structure of its CET1-capital instrument: the Rabobank Certificates. Previously, Stichting AK Rabobank Certificaten held the Rabobank Certificates (formerly known as: participations) issued by Rabobank, and issued corresponding certificates to investors. On 26 June 2025, the participations were renamed to "Rabobank Certificates" and the corresponding certificates were exchanged for the Rabobank Certificates on a one-for-one basis. As a result, former holders of the certificates now directly hold the Rabobank Certificates and the corresponding certificates have been cancelled.

As trusted lead legal adviser to Rabobank, De Brauw was involved in the strategic and legal aspects of the termination of the administration, including advising on the listing and admission to trading of the Rabobank Certificates, the retention of the International Securities Identification Number and aspects related to the CET1-capital qualification of the Rabobank Certificates.