Hall Of Fame

Firms To Watch: Banking and finance: asset finance and structured finance

Banking and finance: asset finance and structured finance in Netherlands

BarentsKrans

BarentsKrans is well-positioned to advise banks, financial services groups and corporates on a wealth of securitisation transactions. The structured finance offering was bolstered by the addition of Martijn van der Vliet from Buren in November 2024 and the October 2024 arrival of Arno Voerman from Dentons.

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NautaDutilh

The structured finance and securitisation practice group at NautaDutilh is entrusted by banks, consumer finance entities and investment management corporations to advise across a diversity of transaction types. Arjan Scheltema possesses experience in multi-tranche securitisation transactions, mortgage receivables mandates and retained covered bond matters. Scheltema leads the team alongside longstanding specialist Michaëla Ulrici, who is noted for her expertise in senior secured infrastructure loans. The ‘very dedicated’ Liza Gerritsen supports the team's offering in the sector, while Reinier Dommerholt has a strong track record in soft bullet covered bond programmes.

Praxisleiter:

Arjan Scheltema; Michaëla Ulrici


Weitere Kernanwälte:

Liza Gerritsen; Reinier Dommerholt; Julie Wassenberg


Referenzen

‘Arjan Scheltema is a leading lawyer with a lot of experience and very strong technical skills.‘

‚Michaela Ulrici is exceptionally experienced and connected.‘

‚Pragmatic and solution oriented.‘

Kernmandanten

ABN AMRO Bank N.V.


Achmea Bank N.V. /Achmea Group


ARA Venn


Ares Management


Argenta Spaarbank N.V.


ASR


Athora Netherlands N.V.


BAWAG Group


Blauwtrust Groep N.V.


Build Investment Management B.V.


Chenavari


Coöperatieve Rabobank U.A.


Crédit Agricole Consumer Finance Nederland B.V.


DAR Hypotheken B.V.


de Volksbank N.V.


DMF Investment Management B.V. (Munt)


Dynamic Credit Group


Floryn Nederland B.V.


In3 NL B.V.


ING Bank N.V.


Intertrust Management B.V.


J.C. Flowers & Co


Knab N.V. (formerly Aegon Bank N.V.)


Lender & Spender B.V.


MeDirect Bank SA/NV


Nationale-Nederlanden Bank N.V.


NIBC Bank N.V.


Qander Consumer Finance B.V.


Rothesay


T-Mobile


Triodos Bank N.V.


Venn Partners LLP


Vistra (Netherlands) B.V.


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  • Assisted Athora Netherlands N.V. with the transfer of a more than €900m mortgage loan portfolio to Dynamic Credit for the benefit of an investor based in the UK whereby Athora has sold its entire own mortgage loan portfolio
  • Assisted NIBC as drafting counsel in a sale and portfolio transfer of Dutch residential mortgage loans that were originated by NIBC Direct Hypotheken B.V.

Simmons & Simmons

Sought-after for its ‘strong expertise and market insight’, Simmons & Simmons is renowned for its proficiency in mortgage receivables mandates, securitisation transactions and portfolio sales. The firm is entrusted by international banks, market-leading asset management companies and multinational financial services entities. Bringing a ‘sense of reliability’, Jeroen Bos spearheads the practice. Bos is adept at handling controlled auctions, private securitisation financing mandates and RMBS transactions. Marline Hillen is a further standout contact in the team, handling a range of retirement interest-only mortgage loan investments and soft bullet covered bond programmes.

Praxisleiter:

Jeroen Bos


Weitere Kernanwälte:

Marline Hillen


Referenzen

‘Team members are involved and available. They have remarkable knowledge in the Dutch ABS market but also abroad which makes it a great team to have on board in any transaction. ’

‘Jeroen Bos consistently demonstrates great command over the legal process, ensuring seamless management and clear direction. He is accessible to his clients, fostering a sense of reliability.‘

‚Jeroen Bos excels at breaking down the process into clear, manageable steps, making it easy for all parties to understand and stay aligned throughout.’

Kernmandanten

ABN Amro Bank


AEGON Asset Management


Citigroup


Donner & Reuschel


Rabobank


BNP Paribas


NN Bank


Argenta


MUFG


LeasePlan


Bunq


NIBC Bank


NatWest Markets


HSBC


Barclays


OLB Bank


Tulp Hypotheken


Axiom


Hiltermann Lease


Highlight-Mandate


  • Advised Citibank on the €1.5bn the sale of all existing mortgage receivables originated by RNHB, the public securitisation to fund the acquisition price and the forward flow financing of new receivables originated by RNHB.
  • Advised Argenta as seller on its €800m STS compliant public securitisation of residential mortgage receivables.
  • Advised Hiltermann Lease as seller on its €1bn private warehouse and various public securitisations of car and equipment lease receivables.

A&O Shearman

Jonathan Heeringa and Niels de Ru lead the capital markets practice group at A&O Shearman, handling a mix of senior secured infrastructure loans, RBS securitisations and trade receivables transactions. Heeringa regularly acts within the Dutch real estate, financial services and banking sectors. Tom Reutelingsperger is praised by clients for his ‘strong technical knowledge’, possessing expertise in cross-border asset-backed financing matters. Natusia Tensen-Szeliga has recently assisted clients with novel swap structures and revolving leasing transactions. Gerard Kastelein retired from the partnership.

Praxisleiter:

Jonathan Heeringa; Niels de Ru


Weitere Kernanwälte:

Tom Reutelingsperger; Natusia Tensen-Szeliga


Referenzen

‘Great cooperation with the team and they communicate well. A&O tends to have a more pragmatic approach to all structural matters.’

‘Very good team, with a large number of very capable seniors.’

‘Tom Reutelingsperger is one of the best to work with. Quick responses, an easy communicator and strong technical knowledge.‘

Kernmandanten

ABN AMRO


BNPP


Goldman Sachs Asset Management


Goldman Sachs International


Lloyds Bank GmbH, Amsterdam Branch


Domivest B.V.


Aegon Hypotheken B.V.


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  • Advised ABN Amro Bank N.V. on the establishment of a strategic partnership with leading global alternative investment manager Ares Management Corporation.
  • Advise the arrangers on securitisation structure as drafting counsel for the EDML Blue 2024 transaction.
  • Advised Vandaag Hypotheken B.V. on its inaugural €450m warehouse financing platform for a Retirement Interest-Only (RIO) mortgage product, an entirely new asset class in the Dutch market with a foreign financial services and asset management company.

Baker McKenzie

The asset finance and structured finance practice group at Baker McKenzie provides clients with ‘excellent advice on Dutch and EU securitisation’ transactions. Furthermore. the team is equipped to assist with asset-backed financing mandates, lease receivables matters and mortgage loan portfolio sales. Team lead Philippe Steffens combines ‘in depth legal knowledge with market views’ and boasts a strong track record in the hospitality, real estate and financial services sectors. Stephan Huis in het Veld joined the firm in November 2024 from Sullivan & Cromwell LLP.

Praxisleiter:

Philippe Steffens


Weitere Kernanwälte:

Stephan Huis in het Veld; Jot van Suijlen


Referenzen

‘The team is very knowledgeable. The projects that we do are intensive, time sensitive and require full focus. The team has proven many times that they are available and truly committed.‘

‚I personally value the personal touch in communications, also after projects were completed.’

‘The partner is hands on and has detailed knowledge of the ongoing project. They act not just as legal counsel but also as business partners, sharing industry knowledge and opening their network for new contacts.’

Kernmandanten

Astra Asset Management


BNP Paribas


Community Hypotheken


Commerzbank


Creafin N.V.


Subway


ING Bank


Lease & Finance Huis


Lloyds Banking group


Natixis


Varengold Bank AG


Rabobank


MUFG


ABN AMRO Bank N.V.


Banco Santander S.A.


Venn Hypotheken


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  • Advised Natixis as senior noteholder and acted as drafting counsel in respect of a warehouse securitisation transaction of small ticket commercial real estate loans originated by Mogelijk Hypotheken B.V.
  • Advised Varengold Bank AG as Lender to Ned-Fund Finance B.V. in respect of an asset backed financing of ICT lease contracts involving Dutch corporate lessees.
  • Advised ING Bank N.V. as arranger and investor and the other investors on the 2024 renewal of the VCL Master Netherlands asset-backed securities transaction in the Netherlands.

Clifford Chance

Clifford Chance‘s ‘highly skilled and experienced’ team possesses deep expertise in a variety of asset finance mandates. The team is jointly led by Nienke van Stekelenburgh, who is often called upon to assist clients with residential mortgage loans, and Hein Tonnaer. Marijke van der Weide is reputed for her ability to ‘navigate complex transaction structures’ and brings expertise across cross border securitisations, receivables financing deals and invoice discounting facilities. Vincent Engel joined from Simmons & Simmons in January 2025.

Praxisleiter:

Nienke van Stekelenburgh; Hein Tonnaer


Weitere Kernanwälte:

Marijke van der Weide; Vincent Engel; Nolan Groenland


Referenzen

‚Marijke van der Weide is a skilled, pragmatic lawyer.‘

‚Within the field of structured finance, and more specifically securitisation, they are one of the most highly skilled and experienced firms in the Netherlands.‘

‚It is a well-rounded and versatile team, capable of handling complex matters with precision and efficiency.‘

Kernmandanten

Obvion


Barentz International


Citigroup Global Markets Ltd


Elan


Floryn


Rabobank


Cerberus


ING Bank


ABN AMRO


Oldenburgische Landesbank AG


Highlight-Mandate


  • Advised Oldenburgische Landesbank AG on its inaugural residential mortgage-backed securitisation comprising of Dutch mortgage loan receivables.
  • Advised Citibank on the seventh Jubilee Place transaction, securitising a pool of mortgage receivables with buy-to-let and small commercial real estate properties in the Netherlands as underlying collateral.
  • Advised Vantage Data Centers on the industry’s first Euro-based data centre asset-backed securitisation.

Dentons

Dentons brings a ‘commercially strong and practical approach’ across the asset, structured, and lease finance spaces. Jacqueline Bell regularly acts for international banks, asset management companies and public sector entities, advising across a full spectrum of transport and infrastructure finance mandates. Marcel Janssen handles a mix of secured borrowing base facilities, real estate securitisations and syndicated trade receivables transactions. Gerard Koster is well-equipped to advise on cross-border asset finance matters. In July 2025, Joost Elsenburg arrived from HVG Law B.V..

Praxisleiter:

Jacqueline Bell; Marcel Janssen


Weitere Kernanwälte:

Gerard Koster; Joost Elsenburg; Kristin Annexstad


Referenzen

‚A commercially strong and practical approach. They have sufficient expertise and stature to be an acceptable counsel to large institutional counterparties.‘

‘Marcel Janssen has a strong commercial and practical approach.’

Kernmandanten

Rabobank


ING Bank


Berlin Hyp AG


Macquarie Capital


Triodos Investment Management (and related funds)


ABN Amro


UniCredit


Societe Generale


PROW Capital / Green Shipping Fund


HSBC Bank plc (the innovation bank)


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  • Assisted ING Bank N.V., Amsterdam, Lancy / Geneva Branch in the drafting and negotiating of a syndicated secured borrowing base facility for metals assets located across the US, guaranteed by a Turkish parent company.
  • Handling a large number of transactions for TUI, the British/German travel and tourism company.
  • Advised Green Shipping Fund on a €45m loan provided to Damen Green Towage Fund Holding BV for the financing of fully electronic tugboats.

Freshfields LLP

The structured finance group at Freshfields LLP is adept at handling RMBS transactions, trade receivable securitisations and loan portfolio sales. Acting for multinational investors and banks, practice head Mandeep Lotay combines significant expertise in loan acquisition mandates and lease transactions to advise clients across the full breadth of the sector. Lotay is supported by Dámaris Engelschman, who brings particular expertise in public securitisations; Priyanka Mokashi, who focuses on securitisation and warehouse financing transactions; and asset-backed financing specialist Louise Bell.

Praxisleiter:

Mandeep Lotay


Weitere Kernanwälte:

Priyanka Mokashi; Dámaris Engelschman; Louise Bell


Referenzen

‘Excellence at getting the deal across the line.‘

‘Very nice to work with. They are down to earth and get things done.‘

Kernmandanten

ING Bank N.V.


RNHB B.V.


GoldenTree Asset Management UK LLP


M&G Investment Limited


CPP Investments


AB CarVal Investors


CSC Netherlands


Haleon UK Finance Limited


Goldman Sachs Asset Management


Highlight-Mandate


  • Advised ING, Santander, Bank of America and Crédit Agricole as joint lead managers on the award-winning ESG-compliant Dutch residential mortgage-backed securitization with ING as seller and Green Lion 2024-1 B.V. as issuer.
  • Advised RNHB, a leading Dutch buy-to-let mortgage originator, as master servicer on a publicly rated and Irish stock exchange listed RMBS transaction to finance the acquisition of two Dutch mortgage loan receivables portfolios originated by RNHB, which was arranged by Citi and the notes were issued by Dutch Mortgage Finance 2024-1 B.V. to US investors under the US Rule 144a exemption process.
  • Advised GoldenTree on the successful acquisition from Bank of Ireland (UK) plc and securitisation financing of a portfolio of unsecured consumer loans originated in the United Kingdom, following a highly competitive auction process where financing was provided by a syndicate of senior lenders (Morgan Stanley lending out of their US offices, together with Bank of America and Lloyds lending out of their UK offices) and Citi as risk retainer.

Hogan Lovells International LLP

Robert Masman and Wouter Jongen jointly lead the corporate & finance team at Hogan Lovells International LLP, which is regularly entrusted to act for major international financial institutions and corporates in their roles as issuers and managers. The 'highly experienced' Masman is proficient in residential mortgage-backed security transactions, asset-based financing mandates and real estate securitisations. Jongen is a syndicated financing specialist. Dylan Goedegebuure supports the team with his expertise in trade receivables securitisations and buy-to-let mortgage loans.

Praxisleiter:

Robert Masman; Wouter Jongen


Weitere Kernanwälte:

Dylan Goedegebuure


Referenzen

‘The team has a well established reputation in the market as one of the go-to firms.’

‘Robert Masman is a highly experienced partner, and one of the best in the market. Easy to work with.’

‘Highly knowledgeable and skilled team with great execution power.’

Kernmandanten

ING


Lloyds Bank Corporate Markets


Ayyens


ABN AMRO


Bank of America


Citibank


BNP Paribas


Coöperatieve Rabobank U.A.


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Norton Rose Fulbright

The ‘pragmatic and committed’ team at Norton Rose Fulbright, led by Wouter Hertzberger, is highly sought-after on transportation finance mandates, counting international banks, multinational investment entities and shipping corporations among its clients. Hertzberger is particularly adept at handling refinancing matters, the drafting of receivables purchase agreements and covered working capital facilities. The team can also draw upon the expertise of Omar Salah, who handles cross border securitisations, and the ‘on the ball’ Tamara Ubink.

Praxisleiter:

Wouter Hertzberger


Weitere Kernanwälte:

Omar Salah; Joep Duinker; Tamara Ubink


Referenzen

‘Wouter Hertzberger and his team are nice to work with. They are pragmatic and committed.’

‘Wouter Hertzberger is a seasoned lawyer and nice to work with.‘

‚Joep Duinker is a skilful lawyer who can stand his ground. ’

Kernmandanten

ABN AMRO Bank


ANZ


Atal Consulting


Atradius Dutch State Business


Banco Santander S.A


BNP Paribas


Bristow


Citibank


DNB Bank


HSBC


ING Bank


International Finance Corporation


Invest International


Macquarie Rotorcraft


MUFG Bank


NIBC


Rabobank


Prow Capital B.V.


Société Générale


Standard Chartered Bank


Highlight-Mandate


  • Advised Yinson Production in connection with its issue of $1.035bn Rule 144A / Reg S non-recourse senior secured bonds.
  • Advising Atal Projects B.V. in relation to the financing of the purchase by Blue Astra Maritime and retrofitting of four vessels.
  • Advising Dutch bank NIBC on an agreement to sell its US $992m portfolio of shipping loans and related derivatives to Hamburg Commercial Bank.

Stibbe B.V. and Business Development

Stibbe B.V. and Business Development is recognised for its expertise in a wide array of structured finance mandates, regularly acting for financial services corporations, international corporations and banks. The practice draws upon three co-heads: Maarten de Bruin, who is noted for his capabilities concerning callable floating rate bonds issuances; Marieke Driessen, who handles a mix of mortgages receivables mandates, RMBS transactions and private securitisations; and Rein van Helden, who is reputed for his depth of expertise in the syndicated lending space and is proficient in real estate and leasing matters.

Praxisleiter:

Maarten de Bruin; Marieke Driessen; Rein van Helden


Weitere Kernanwälte:

Niek Groenendijk


Kernmandanten

ABN AMRO


Apax Partners


APG


Bain Capital


BNP Paribas


British American Tobacco


Citibank


Crédit Agricole


Goldman Sachs


ING


J.P. Morgan


MODEC


Morgan Stanley


NIBC


Nordea


Opel Financial Services


PSA Finance


Q-Park


Société Générale


Smurfit Kappa


UniCredit


Highlight-Mandate


  • Advised Azerion N.V., the Dutch international gaming company listed on Euronext Amsterdam, on the successful €50m tap issue under its €300m secured bonds framework.
  • Advised WAI Global on the acquisition of Pos Service Holland from Nordian Capital Partners.
  • Acted on the annual update of NIBC’s Dutch law governed $21bn debt issuance programme, which also includes regulatory capital notes, structured notes, and issuance’s and liability management thereunder.

Eversheds Sutherland

Eversheds Sutherland bolstered its finance practice with the October 2024 arrival of Kees Westermann and Vasco Hoving as co-chairs from Rutgers & Posch. The team is noted for its capabilities across a variety of securitisation transactions, focusing on mortgages, consumer credit matters and trade receivables mandates. Hoving focuses his advice on public securitisations, while Westermann brings particular expertise regarding structured finance in the automotive and property spaces.

Praxisleiter:

Kees Westermann; Vasco Hoving


Weitere Kernanwälte:

Maarten Ahsmann


Referenzen

‘Kees Westerman has the knowledge and experience to help in all finance related areas’

‘Kees Westerman gives us the feeling that we are in safe hands.’

‘The team has deep knowledge in the field of structured finance.‘

Kernmandanten

Dutch Mortgage Portfolio Management B.V.


International Car Lease Holding B.V


Lender & Spender B.V.


Quion Groep B.V.


Sprinque B.V.


BRAC International Finance B.V.


Banco Santander S.A.


Deutsche Bank AG, London Branch


bunq B.V.


Cooperatieve Rabobank U.A.


Highlight-Mandate


  • Advised International Car Lease Holding B.V. on several amendments to its ongoing operational car lease securitisation.
  • Advised BRAC International Finance B.V. on its International Secured Impact Note Programme.
  • Advised Banco Santander S.A. as arranger and cash facility provider on a residential mortgage-backed securitisation.

FIZ advocaten B.V.

Under the joint leadership of Jurian Snijders and Youri Tonino , FIZ advocaten B.V. is regularly called-upon for its expertise in real estate securitisations, multi-jurisdictional regulatory compliance mandates, and structural finance overhauls. Snijders is particularly recognised for his 'excellent leadership and deep expertise in financial law’. Tonino is considered a go-to contact for insurance companies, residential property investment companies and offshore marine operators. Michiel Claasen is a further key team member.

Praxisleiter:

Jurian Snijders; Youri Tonino


Weitere Kernanwälte:

Michiel Claasen


Referenzen

‘Sharp expertise in structured finance, financial regulation, and restructuring and a strong track record in the Dutch mortgage market.‘

‚Pragmatic approach, deep sector knowledge, and ability to deliver clear, effective solutions in high-stakes matters. The firm continues to earn recognition for its excellence and reliability in financial legal services. ’

‘Jurian Snijders has exceptional leadership and deep expertise in financial law. Under his guidance, FIZ has grown into one of the Netherlands‘ most respected boutique firms, known for its excellence in structured finance, regulatory matters, and complex transactions.‘

Kernmandanten

Credit Management & Investor Solutions B.V.


On The Move Finance B.V.


BCMGlobal Netherlands B.V.


Quion Group


N26 Hypotheken B.V.


Vesting Finance Servicing B.V. (part of Arrow Group)


Webfin Holding B.V.


Webfin Financieringen


Behouden Huis


Lender & Spender


Arrow Global


N-Sea Holding B.V.


Highlight-Mandate


  • Providing strategic and legal guidance to an innovative equity release platform in setting up its investment platform to prepare for future capital market funding rounds.
  • Provided extensive legal support to innovative automotive professional lease provider, as it establishes its business-to-business automotive lease products and dedicated structured funding platform.
  • Advised on the impact of an ‚amortisation event‘ in a €500m+ mortgage loan warehouse transaction, including the sale of the warehouse portfolio to another investor’s funding structure.

Linklaters

Linklaters‘ ‘very responsive and professional’ banking team covers the full scope of asset and structured finance mandates. Under the supervision of Paul Kuipers, who is a go to contact among international lenders, the practice group is active in securitisation transactions, asset based financing matters and borrowing-base facilities. Mees Roelofs boasts a strong track record in real estate, energy and financial services mandates.

Praxisleiter:

Paul Kuipers


Weitere Kernanwälte:

Mees Roelofs; Bram Bulter


Referenzen

‘Very responsive and professional.’

Kernmandanten

GLAS


BEEQUIP B.V.


HSBC


Cerberus


ING Bank N.V.


CBRE Europe Logistics Partners


Longview Aviation Germany GmbH


Banco Santander S.A.


AUTO1 Finance B.V.


Daimler Truck Financial Services


BNZ


European Investment Bank


Ardian


ABN AMRO Bank N.V.


European Investment Bank


Highlight-Mandate


  • Advised Beequip on a €1.5bn warehouse financing, a debut syndicated financing sourced in connection with the company’s acquisition by Apollo.
  • Advised ING Bank and a wider syndicate on a £3.2bn borrowing base financing for VARO Energies, to support its acquisition of Preem AB.
  • Advised GLAS as agent and a wider syndicate of lenders on the €110m borrowing base facilities for Accell.