Pensions & Pension Funds

Eva Schram
Kees Groffen
Esther Huijzer
+ 16 other experts

As the sector anticipates tomorrow

... our expertise enables our clients to act wisely, today.

We advise employers, pension funds, general pension funds (APFs), premium pension institutions (PPIs), insurance companies, and asset managers on the wide gambit of complex pension issues.

We also handle all disputes that may ensue in connection with pensions, such as investment disputes, disputes between pension funds and their service providers, disputes about duties of care, disputes in connection with the Industry Wide Pension Fund Obligatory Participation Act 2000 (Wet verplichte deelneming in een bedrijfstakpensioenfonds 2000), enforcement actions from DNB or the AFM, and disputes regarding changes in retirement benefits. Should matters necessitate, we also represent clients in the Netherlands Supreme Court.

Recent Matters

13 January 2021

PME sells interest in PVF Zakelijk Hypothekenfonds to RNHB B.V.

De Brauw has advised on the sale of the EUR 900 million mortgage loan portfolio of PVF Zakelijke Hypotheekfonds.
27 March 2018

AkzoNobel sale of Specialty Chemicals to The Carlyle Group and GIC for EUR 10.1 billion

AkzoNobel announced the sale of 100% of its Specialty Chemicals business to The Carlyle Group and GIC for an enterprise value of EUR 10.1 billion. This transaction creates two focused and high performing businesses – Paints and Coatings, and Specialty Chemicals – as part of its strategy announced in April 2017. The transaction is expected to be completed before the end of 2018. Team: Gaby Smeenk, Arne Grimme, Martin van Olffen, Henk van Ravenhorst, Reinier Kleipool, Janneke van der Kroon, Martijn Snoep, Heather Giannandrea and Thijs Elseman. For more information, read here.
8 January 2018

Altice N.V spin-off its 67.2% interest in Altice USA

Altice N.V. to spin-off its 67.2% interest in Altice USA, Inc. (5.3 million shares of Class A Common Stock and 490.1 million shares of Class B Common Stock) through a distribution in kind out of its share premium reserve. Each Altice N.V. shareholder will be entitled to receive 0.4163 Altice USA, Inc. share for each Altice N.V. share held. Each Altice N.V. shareholder will be given the right to elect its portion of Class A Common Stock and Class B Common stock its wishes to receive, with a cap on the maximum shares of Class B Common Stock of 247.7 million shares of Class B Common Stock or 50%. If the cap is exceeded the Class B Common Stock requested by a shareholder will be proportionally reduced and replaced by shares of Class A Common Stock. The Altice USA, Inc. shares of Class A Common Stock are listed and entitled to one vote per share. The Altice USA, Inc. shares of Class B Common Stock are non-listed and entitled to 25 votes per share. De Brauw acted as lead counsel to Altice N.V. Team: Martin can Olffen, Gaby Smeenk, Paul Sleurink and Angela van Breda. For more information, read here.

The team's pragmatism is underlined by clients, with one referencing its 'evidence- and experience-based input on deal tactics and strategies to achieve our tailored needs'. Another emphasises the practice's foresight, asserting that it has 'a good understanding of the risks involved'.

Chambers Europe, 2021
Chambers Europe, 2021
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Expertise across the whole pensions sector

We advise on:

• the pension deal (pensioenakkoord) that will be introduced in 2026;
• pension agreements including dealings with works councils;
• financing arrangements and administration agreements;
• mandatory participation in industry wide pension funds;
• governance of pension providers;
• information requirements and duties of care;
• licencing processes (PPIs and general pension funds);
• funding requirements;
• outsourcing including administration agreements and investment management (including sustainability and ESG) such as the agreements with asset managers, fiduciary managers, custodians and central clearing parties;
• cross border collective value transfers;
• lateral and unilateral changes in pension agreements; and
• all legal aspects of pensions in mergers, acquisitions and joint ventures.

Team

Eva schram

Eva Schram

Counsel

Esther huijzer

Esther Huijzer

Senior Associate