About the authors

Author: | Published: 8 Apr 2002
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Capital adequacy

Bart P M Joosen

Steins Bisschop Meijburg & Co

Bart P M Joosen (partner) is admitted to the Amsterdam Bar and has previously worked with Tilburg University as assistant professor corporate law, Philips Electronics as in-house counsel corporate legal department and in the Banking & Securities Law Groups of Wouters Advocaten, an associated law firm of Arthur Andersen and of Coopers and Lybrand, Legal Services. Bart Joosen has specific experience and expertise in regulatory matters for participants in the financial industry, particularly banks and insurance companies with a focus on funding of financial industry institutions capital adequacy and solvency ratio and risk management issues from a legal perspective. Furthermore Bart Joosen has built up experience and expertise in structured finance, securitisation and securities law matters. Bart Joosen frequently publishes on matters of banking and securities law and on international insolvency law. He joined Steins Bisschop Meijburg Advocaten en Notarissen & Co in 1998.

Corporate finance

Tom de Waard

Clifford Chance

Mr de Waard is partner specializing in mergers and acquisitions, private equity, equity capital market transactions and arbitration. He also has experience in the field of privatization projects, in particular in the energy sector. He studied law at the University of Leiden, gaining admission to the bar in 1971. Mr de Waard was a partner of Stibbe from 1979 till 2000 and was resident partner of Stibbe in New York from 1985 to 1989. Mr de Waard was president of the Dutch Bar Association from 1993 to 1995. He has been a partner of Clifford Chance since 2000 and was appointed managing partner of Clifford Chance (The Netherlands) from May 1 2002.

He has experience in advising a number of listed companies in mergers and acquisitions including tender offers; assisting both issuers and financial institutions in international debt and equity offerings and IPO's; assisted Priority Telecom in its IPO on Euronext and related private placement on preferred convertible and ordinary shares to its institutional investors; advising Reliant Energy in connection with a €2.2 billion acquisition of UNA, one of the four Dutch electricity generators; assisted the Dutch Electricity Generation Sector with respect to the sale of the high voltage grid (TenneT) to the Dutch State; acting for the Electricity Production Sector in The Netherlands vis à vis the Dutch government in relation to the settlement of €3.6 billion stranded cost; advising SEP (now NEA) in respect of the installation and exploitation of the NorNed cable and the continuation of the NorNed electricity project; representing Van Ommeren in its merger with Pakhoed into a new Dutch-based sea transport and storage company named VOPAK; representing Daimler Chrysler Aerospace with respect to its Dm3 billion claim on the Fokker bankrupt estate.

Maurits Jurgen Tausk

Clifford Chance

Mr Tausk studied law at the University of Utrecht, and was admitted to the bar in 1994. He joined the corporate/ commercial group of NautaDutilh in Rotterdam in July 1994. He worked in New York from July 1997 until October 1998 in the corporate banking group, then in Singapore on corporate and banking transactions.

He joined the Amsterdam corporate group of Clifford Chance in the following year. As senior associate in the corporate finance department Clifford Chance London, he specialises in structured finance, mergers and acquisitions, venture capital investments and investment funds.

Experience: acts for parties in M&A transactions, takeovers, joint ventures, corporate restructuring, and equity venture capital transactions; acts for fund managers and fund investors, assists structuring of and investing in buyout funds, hedge funds, real estate funds, funds for derivatives trading, commodities trading; advising investment banks on structured finance products; regularly acts for Intel Capital in respect of their strategic/ financial equity participations; advising Pensioenfonds ABP on their sale of a 23.9% stake in Rodamco North America to Westfield Holding for €537 million; advising Innocap on the set up of the first Dutch private equity fund of funds for the retail investor market; advising major Dutch pension funds on legal matters concerning their asset management; advising LaSalle Investment Management on international fund structuring.

Employment

Wouter M Hes

Steins Bisschop Meijburg & Co

Wouter Hes (partner) is admitted to the Amsterdam Bar and has previously worked with the Employment Practice of Stibbe Advocaten in Amsterdam. Wouter Hes has specific experience and expertise in employment and industrial relations law, such as establishing and restructuring of domestic and internationally operating enterprises, as well as co-determination issues, termination of employment agreements and special contracts (management and agency agreements). Wouter Hes joined Steins Bisschop Meijburg & Co Advocaten en Notarissen in 1999.

Finance

Frank Graaf

Clifford Chance

Mr Graaf is partner in the finance department of the Amsterdam office, heading the securities & derivatives group. He focuses on securities work including in particular international capital markets offerings, repackaging and CDO transactions, financial services regulation, securities lending, repos and OTC derivatives.

Mr Graaf has wide-ranging experience in banking and securities-related work including in particular Euromarket offerings and programmes, syndicated loans, securitization transactions and OTC derivatives products; he is deeply involved in the regulatory aspects of the banking and securities industry; ISDA counsel on netting enforceability in The Netherlands Antilles; author of the book Euromarket Finance: Issues of Euromarket securities and Eurocurrency syndicated loans (1990) and numerous articles and chapters for books in his area of specialisation.

He was educated in Law at the University of Leiden, and gained admission to the bar on December 6 1983. In 1990 he became a partner.

Investment institutions

Peter R Leenders

Steins Bisschop Meijburg & Co

Peter Leenders (partner) is admitted to the Amsterdam Bar and has previously worked with the Banking & Securities Law Groups of Wouters Advocaten, an associated law firm of Arthur Andersen and of PricewaterhouseCoopers, Legal Services. Peter Leenders has specific experience and expertise in structuring and licensing of various types of domestic and internationally operating (collective) investment institutions and registration of foreign UCITS's with the Dutch Central Bank, the competent supervisory authority in respect of (collective) investment institutions in The Netherlands, as well as in assisting such institutions in their contacts with the Dutch Central Bank in the conduct of this supervisory authorities' supervision. A number of these funds have been listed on the AEX Stock Exchange in Amsterdam. Peter Leenders has furthermore been involved in advising several pension funds and insurance companies in the (re)structuring of their asset management activities. Peter Leenders was seconded with the Dutch Central Bank for a period of three months in 1997, and joined Steins Bisschop Meijburg & Co Advocaten en Notarissen in 2000.

Mergers and acquisitions

Bas Vletter

Loyens & Loeff

Bas Vletter (1960) is a partner in the corporate law department of Loyens & Loeff. He specializes in company law, mergers and acquisitions, controlled auctions, public offers, public take overs, IPOs, structured finance and securities law, venture capital, (inter)national ventures and restructuring. He has lectured on a wide range of company law topics such as shareholders' liability, legal aspects of MBOs and LBOs and corporate governance. He is a member of the practice group in corporate law and the Loyens & Loeff TMT (technology media telecom) team, the venture capital team and the banking and securities team. He is a member of the International Bar Association, the Association for Commercial Law and the Association for Securities Law. Since January 1 2002 he has been head of the London offices of Loyens and Loeff as senior corporate partner. Bas Vletter acted as counsel to Dresdner Kleinwort and the bidder, Groothoofdspoort, on the public take over of the Koninklijke Dordtsche Petroleum and for Stonehaven Holding and in shareholders HAL and Egeria in the public bid on Koninklijke Ahrend. Furthermore, he acted as counsel for Keppel Fels on the take over of Verolme Botlek and as counsel to the German Metro Group in the sale of Gastronoom to Ahold, Office Centres and Vobis.

Ewout Jan Stumphius

Loyens & Loeff

Ewout Jan Stumphius (1961), is a partner in the corporate law department of Loyens & Loeff. He specializes in international and national mergers and acquisitions, divestitures, controlled auctions, joint ventures and (venture capital) investments. He advises on corporate and securities law, both for listed and for privately held corporations. He is a member of Loyens & Loeff's M&A, telecoms and media, and banking and securities law teams. He is a member of the International Bar Association, the Dutch Commercial Law Association, and the Dutch Securities Law Association. Further, he is active in the Loyens & Loeff Asia team, having worked for the firm in Jakarta, Indonesia, for a number of years. Together with the managing partner he is responsible for press relations of Loyens & Loeff. Recent transactions in which he acted as lead counsel include the reverse take over of Icon Medialab (Sweden), the sale of the European brick manufacturing assets of Hanson, the acquisition of Dutch leisure groups Gran Dorado and Center Parcs by Pierre & Vacances, and a series of transactions where he advises Koninklijke KPN, including outsourcing deals with Atos Origin.

Tax

Frank de Vos

Clifford Chance

Mr de Vos is a partner and global head of tax at Clifford Chance. He specialises in international tax, securitization and repackaging (CDOs, synthetic CLOs, etc), international corporate (re)structurings, asset financing transactions, cross-border leasing, structured finance, private equity and fund structures. He studied law at the University of Leiden, finishing in 1982, and gained admission to the bar in 1991, when he also became a partner. He speaks four languages.

His experience includes advising ABN Amro on the first securitization in The Netherlands of residential mortgage loans; advising Warburg Dillon Read, together with the firm's offices in Rome, Milan and London, on the first securitization of Paris Club Debt; advising Warburg Dillon Read, together with the Hong Kong office, on the first securitization of Korean loans with the Export- Import Bank of Korea; advising Morgan Stanley on the securitization of the present and future cash flows derived from the exploitation of broadcasting and merchandising rights in relation to Formula 1 motor racing; advising Dresdner Kleinwort Wasserstein and Merrill Lynch on the securitization of Eurotunnel Junior Debt; advising Morgan Stanley on two property securitizations for J Sainsbury's, backed by a number of its supermarkets; advising Goldman Sachs International on a collateralised high-yield debt offering arranged for ING Capital Advisors; advising Goldman Sachs International on a collateralised high-yield debt offering for AXA Investment Managers Paris; advising CSFB (Europe) Ltd on a collateralised high-yield debt offering for LCF Rothschild Asset Management Limited; advising JP Morgan on a collateralised high-yield debt offering for Intermediate Capital Managers Limited; advising CSFB (Europe) on a collateralized high-yield debt offering for Muzinich & Co Limited; advising ABN Amro on the first synthetic collateralised loan obligation (CLO) in The Netherlands; advising ABN Amro on the first securitization of mortgage-secured consumer loans in The Netherlands; advising Morgan Stanley on a collateralized high-yield debt offering for BNP Paribas; advising JP Morgan on a collateralized high-yield debt offering for Barclays Capital; advising CSFB (Europe) on a collateralized high-yield debt offering for Prudential M&G; advising Fortis Bank NL on a synthetic collateralised loan obligation.

Ate van IJlzinga Veenstra

Clifford Chance

Ate van IJlzinga Veenstra is a partner, heading the institutional investor group and specializing in the legal, tax and regulatory aspects of portfolio investment in securities, custody, asset management, derivatives, securities lending and repo, investment funds and investment pooling structures; the structuring of pension administration and asset management organisations; and private equity investments.

He studied at the University of Leiden in 1987, and gained admission to the bar in 1994, becoming partner in 1998.

Experience: advising ABN Amro Rothschild, Goldman Sachs International and Schroder Salomon Smith Barney as the joint global co-ordinators of the €4.6 billion shares and convertible bond issue for KPN; advising NTT DoCoMo on the acquisition of their 15% stake in KPN Mobile for €5 billion; advising Stichting Pensioenfonds on its sale of a 23.9% stake in Rodamco North America to Westfield Holding Ltd for €537 million; advising EADS on the merger structure and their international IPO of €15.34 billion; advising JP Morgan Chase on numerous structured finance and tax driven products; advising Innocap NV on the set up of the first Dutch private equity fund of funds for the retail investor market; advising a large number of the major Dutch pension funds on all legal, tax and regulatory matters concerning their asset management, including ABP, PVF, Man Services and the pension funds of KPN, TPG and KLM; setting up investment pooling structures, funds and hedge fund structures for major Dutch and foreign asset management houses, including State Street Global Advisors and Morgan Stanley; setting up private equity investment structures for Dutch institutional investors and Dutch and foreign arrangers and managers, and advising private equity houses, including Lasalle, Permira (Schroder Ventures), Charterhouse and Candover; advising on all tax aspects of numerous debt and equity capital markets issues in The Netherlands, including all exchangeable issues by ABN Amro; advising ASML on their $450 million convertible notes issue; advising the TPG and KPN pension funds on the structuring of their Fls10 billion plus portfolio investment funds; advising Rabobank International on two synthetic CLO transactions involving the issue of $150 million plus floating rate notes, credit swap and repo transactions; advising World View Investment Management in setting up World View Investment Management Global Investment Fund 1 – one of the first on-shore hedge funds in The Netherlands.