Profile details
About Michael Broeders
Michael’s practice focuses on restructuring, insolvency and related litigation.
With a background in corporate M&A and corporate litigation, he works on (distressed) transactions, represents clients in restructuring related litigation cases and advises on crisis situations. His work also includes advising clients on managing/supervisory director and shareholder liability issues and disputes; fraudulent conveyance; set-off and security rights.
In 2005, Michael was seconded to the US law firm Paul, Weiss Rifkind Wharton and Garrison where he worked on bankruptcy-related litigation and Chapter 11 matters. Michael is a member of Insolad, the Dutch association of insolvency practitioners and was a member of the INSOLAD board.
He is a member of the global transactions group and the financial institutions group.
He speaks English and German, along with his native Dutch.
Publications
- Publishes regularly on corporate and insolvency law subjects for publications such as Ondernemingsrecht (the Dutch Journal of Company Law), FIP, and JOR
Recent work
- Advising certain lenders in relation to the restructuring of an internationally operating bicycle production company.
- Advising Gordon Brothers in relation to Blokker.
- Acting as court appointed restructuring expert in respect of McDermott.
- Advising HAL Investments B.V. in relation to its participation in the restructuring and acquisition of Royal IHC B.V.
- Advising Getronics in relation to its global restructuring and transfer to new ownership.
- Advising Hexion Nederland B.V. in relation to the Chapter 11 of Hexion Inc.
- Advising the security holder in relation to the restructuring and insolvency of Intertoys B.V. and the enforcement sale of the business.
- Advising the security agent in relation to the enforcement of its security rights in respect of a €600m commercial real estate portfolio and acting in litigation commenced by the debtor(s) seeking to prevent enforcement.
- Defending the former CEOs (of two Dutch financing companies) of a South America based telecoms operator in litigation before the Dutch courts against liability in tort commenced by certain holders of notes and bonds.
- Advising Dutch Van Gansewinkel Groep, a waste and energy business, on its €800m restructuring implemented by way of an English law scheme of arrangement.
- Advising certain lenders, the security agent and the common agent for the entire financing transaction in respect of Dutch company Royal Imtech, including the enforcement actions following its insolvency.
- Advising Estro, active in the childcare business, on its restructuring and negotiation with its creditors, and on its negotiation with its silent administrator.
- Advising the former directors of DSB Bank on its bankruptcy, including on the settlement with the bankruptcy trustees.
- Advising several financial institutions on the restructuring of their interest rate derivative exposure on Vestia.
Qualifications
Education
- Rijksuniversiteit Leiden, law
Professional memberships
- Board member of the board of Insolad (Dutch association of Insolvency Lawyers)