Financial Institutions

+ 13 other experts

Unique expertise positioned for a unique type of client

Subject to a myriad of ever-evolving regulations affecting their products, services, governance and processes, financial institutions need lawyers with a deep understanding of the specific challenges, opportunities, and the continual developments faced by the financial sector.

As leading experts in their respective fields of legal practice, our integrated, multidisciplinary practice has advised on the most important deals in the market and has an established track record working both alongside, and within, major financial institutions.

In addition to market leading regulatory expertise, dispute resolution also constitutes a core component of the practice as we successfully represent major financial institutions in litigation, arbitration and mediation around the globe.

Our Financial Institutions practice is also part of the European Financial Institutions Group of our Best Friends Network.

Recent Matters

6 January 2022

De Brauw advises LeasePlan on its combination with ALD

De Brauw is advising LeasePlan on the acquisition by ALD S.A. of 100% of the shares in LeasePlan from a consortium led by TDR Capital for a cash and shares consideration of EUR 4.9 billion. After closing, which is expected by March 2023, the consortium will hold 30.75% of the ALD shares and Société Générale will hold 53% of the ALD shares. The contemplated combination of ALD and LeasePlan is expected to be highly synergetic and create an opportunity to cross-leverage the two companies’ complementary capabilities. As a leading global player in mobility worldwide, the combined business would be able to benefit from a fast-growing market driven by strong underlying megatrends, including the shift from ownership to usership, the data-driven digital transformation of the mobility industry, and the transition towards zero-emission and sustainable mobility. The De Brauw team is led by Corporate M&A partner Pete Lawley and Financial Markets Regulation partner Mariken van Loopik.
31 December 2021

De Brauw acts as lead counsel on sale of Hunter Douglas to 3G Capital

De Brauw acted as lead counsel to Ralph Sonnenberg, the controlling shareholder of Hunter Douglas, the global market leader in window coverings such as Luxaflex, and a major manufacturer of architectural products, in relation to the sale of a controlling interest in Hunter Douglas to 3G Capital, a global investment firm. The transaction is based on a value of €175 per ordinary share, implying an enterprise value of $7.1 billion. The Sonnenberg Family will continue to hold a 25% interest in Hunter Douglas, which is listed in Amsterdam and incorporated in Curacao. The independent directors of Hunter Douglas unanimously support the transaction, which includes amongst others a block trade, an asset sale, and statutory squeeze-out proceedings in order to allow minority shareholders to receive the same price as the controlling shareholder for their ordinary shares. The transaction is subject only to limited conditions not including any financing or material adverse change conditions.
19 November 2021

Exor and Covéa sign Memorandum of Understanding for the sale of PartnerRe for $9 Billion (€7.7 Billion)

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Banking, Finance & Debt Capital Markets

Few firms in the Netherlands can match the quality of our people and our leading position across the full range of corporate, asset and project financing, debt restructuring, and debt capital markets. Our integrated Banking, Finance & Debt Capital Markets practice has a multidisciplinary team dedicated to the design, negotiation and documentation of both general corporate finance transactions and complex high-impact finance transactions.

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Investment Management

Against a continually changing legal, economic and regulatory backdrop, our Investment Management experts are at the forefront of all new developments across the full fund lifecycle.

Our Investment Management Experts
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Insurance

We advise many of the largest internationally operating insurance groups and financial institutions based in the Netherlands (to include the largest healthcare insurer in the Netherlands) on the application of the rules and regulations on the supervision of financial markets. Our clients trust us with significant mergers and acquisitions, regulatory capital-raising transactions, large outsourcing arrangements, global custody and securities lending, and investment management mandates. Clients also recognise our expertise when seeking advice on which complex supervisory rules they are subject to.

Our Insurance Experts

Insights

23 November 2021

Dutch senate approves introduction of UBO register for trusts and funds for joint account

A bill introducing a UBO register for trusts and funds for joint account (fondsen voor gemene rekening) was adopted by the Dutch senate on 23 November 2021. The register will be kept by the Chamber of Commerce in the Netherlands.
22 July 2021

EBA and ESMA publish new fit and proper AML knowledge guidance for the management level

Credit institutions and investments firms will need to meet new fit and proper AML knowledge requirements as of 31 December 2021. The European Banking Authority (EBA) and the European Securities and Markets Authority (ESMA) recently published joint guidelines on how these entities should assess the suitability of management board members and key function holders in accordance with the Capital Requirements Directive (CRD IV) and the Markets in Financial Instruments Directive (MiFID II). The revised guidelines provide that the suitability assessment should at least address whether the person in the management board who is responsible for AML implementation, has the required knowledge, experience and skills. The joint guidelines also contain a suitability requirement for the collective management body.
20 July 2021

ESG financing opens door to lower financing costs and broader sustainability strategy

For businesses, "sustainability" and "corporate citizenship" have been key buzzwords for the last couple of years. Environmental, social and governance aspects of business have gained attention not only from regulators and the general public, but also from shareholders and other stakeholders. This requires action. Sustainable debt instruments are among the tools that companies can use in their transition to a climate-neutral and fair business, while at the same time benefitting from lower financing costs. In addition, many investors (including private equity and debt funds) and other stakeholders factor ESG into their investment decisions.