De Brauw advises Rabobank on EUR 1 billion tender offer for Rabobank Certificates

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.

Today, our firm filed an appeal with the Dutch Supreme Court on behalf of a former senior lecturer at the University of Groningen (RUG), requesting that a 8 January 2024 decision of the Arnhem-Leeuwarden Court of Appeal be set aside. The case revolves around the question of how closely courts should see to it that scientists' academic freedom and freedom of expression are safeguarded in employment termination proceedings.

De Brauw advises on McDermott Group's global restructuring

De Brauw assisted TenneT on the issuance of EUR 1.1 billion hybrid bonds in a dual tranche issuance that was more than six times oversubscribed at the peak. It concerns Green Hybrid Bonds of EUR 550 million with a coupon of 4.625% and a non-call period of 5.25 years and EUR 550 million with a coupon of 4.875% and a non-call period of 8 years, respectively.

De Brauw supported TenneT in attracting a EUR 25 billion bridge loan facility from its shareholder, the Dutch State. While TenneT and the Dutch State are exploring a potential sale of TenneT's German operations to KfW, acting on behalf of the German State, the Dutch state has provided a bridge loan facility of EUR 25 billion to TenneT, safeguarding TenneT’s planned investments in the Netherlands and Germany for 2024 and 2025.

De Brauw advised Parcom on its acquisition of Just Brands, a men's fashion and retail company, owning brands such as PME Legend, Vanguard and Cast Iron.

First Quantum Minerals refinances USD 2.7Bn senior secured notes through debt and equity

De Brauw assists Pluxee N.V. with the issuance of its inaugural bonds

De Brauw advised the underwriters on the USD 200 million public offering of shares and pre-funded warrants by NASDAQ listed NewAmsterdam Pharma Company N.V.

In the legal battle that has drawn attention worldwide for over a decade, the Amsterdam Court of Appeal today upheld the $50 billion arbitration awards in favour of the former majority shareholders of Yukos Oil Company, effectively dismissing the Russian Federation's last-standing challenge against the decision. This ruling is a decisive step in one of the most significant legal disputes in the realm of international arbitration. It also underscores the inviolability of international law and treaties.

De Brauw advises Ansos on the sale of a majority stake to TMC.