Stek has successfully represented two shareholders in the German HKB Bank in summary proceedings before the Amsterdam District Court. Litigation was initiated by HKB Bank claiming payment in the amount of EUR 10 million based on an agreement entered into between the parties in 2014. In its judgment dated 20 July 2017 the District Court dismissed […]
E-Kite is a high-tech start-up company active in designing, manufacturing and marketing of kite power systems. For more information about E-Kite and its technology please refer to E-Kite’s website.
This short article discusses corporate power purchase agreements in the Dutch electricity market. It was published on 10 July 2017 in the ILO series on Energy & Natural Resources.
Click here for the article.
The 2017 edition of the directory Who’s Who Legal recognises Stek as the only law firm with three lawyers in the list of leading lawyers in the energy sector in the Netherlands. We are grateful to our peers for this accolade. Clients had already secured a top ranking for Stek’s energy practice in the 2017 edition […]
We are happy to announce that Sharon Kaufmann will become a partner at Stek (banking & finance) as of July 1, 2017. Sharon joined Stek at the end of 2012 and it was immediately clear that her level of service and focus on clients and detail perfectly matches the dedicated but foremost service-oriented and pragmatic culture […]
We are delighted to announce that Martha Brinkman will be appointed as counsel per 1 July 2017 within the Competition & Regulated Markets team. Martha started her career with Clifford Chance and joined Stek in 2007. From the start, she has specialized in energy law and regulated markets and she is an expert in those areas. […]
Stek advises DHG on the acquisition, through a holding entity, of 100% of the shares in the capital of M.P.S. Personnel Services B.V. from Peinemann Mobilift Group B.V. Simultaneously 100% of the shares in the capital of VPR Detachering B.V. and Uitzendbureau VPR B.V. were acquired by the holding entity. M.P.S offers operators, forklift drivers, logistical […]
For several years now, it has been an important and global trend: a rapidly increasing number of large industrial and corporate energy consumers and buyers wants to purchase renewable electricity directly from renewable electricity producers on the basis of long-term so-called corporate power purchase agreements (Corporate PPAs) entered into directly between the purchaser and the renewable […]
This brief article discusses the state of affairs of the ownership unbundling requirement for distribution system operators in The Netherlands. It was published on 29 May 2017 in the ILO series on Energy & Natural Resources.
Click here for the article.
Stek is proud to announce that Ruben Elkerbout has been included in Who’s Who Legal’s 2017 “Future Leaders in Competition Law”, a new peer review listing the best competition lawyers worldwide under the age of 45. Ruben is one of three competition law partners in the Netherlands who has been recognised as a future […]
Stek advises IlionX Investments in the sale of a majority interest in the IlionX Group to private equity fund Egeria. IlionX Investments is a vehicle through which management holds all shares in the IlionX Group. The IlionX Group is an independent IT-service provider with 350 employees and a turn-over of over EUR 50 million. Stek also […]
Stek has successfully assisted energy supplier Eneco in a complaints procedure before the Dutch Advertising Code Committee. The complaint was lodged against recent advertising by MKB Collectieven on behalf of energy supplier Total Gas & Power. In its decision of 16 May 2017 the Committee ruled that the advertising as meant in the complaint was unfair […]
Stek advised BNG Bank and Rabobank in the financing and the project due diligence of the Trias Westland project in the Netherlands. Trias will be the first to carry out drillings in the Triassic at a depth of 4 kilometres. For more information please refer to the press release.
In the 2017 edition of the authoritative directory Chambers Europe clients are full of praise for Stek. Stek is described as “the best law firm in the mid-market in terms of price/quality ratio” and praised for its “combination of speed of service, quality of advice and reasonable fees”, “realy good culture” and its collaborative approach with […]
During a festive ceremony in London on Friday 7 April 2017 Stek was awarded the Client Service Award for The Netherlands by Chambers and Partners. This is the second time that Stek has won this prestigious award (the first time was in 2011). The award is only given where there has been excellent feedback […]
Poeka Holding sold all its shares in Goed Gemerkt, a manufacturer of durable, personalized “kids’ labels” for the Benelux and German markets (goedgemerkt.nl) to Avery, a division of CCL Industries. Avery is a worldwide leading manufacturer of printable labels and cards. Click here for press coverage on this transaction.
Stek assists Stedin Holding N.V. in the auction sale by PZEM N.V. (PZEM, previously named DELTA) of all shares in Zeeuwse Netwerkholding N.V., including, inter alia, regional network operator Enduris B.V. and De Netwerkgroep Infra B.V. (together DELTA Netwerkgroep or DNWG) for an enterprise value of EUR 610 million. The sale of DNWG is part of […]
A banking consortium of ASN Bank, ING Bank, Rabobank and SMBC has agreed to provide financing to Windpark Krammer for the construction of 34 Enercon wind turbines on and around the “Krammersluizen” in the Province of Zeeland. With a total investment in excess of EUR 200 million and a total capacity of 102Mw Windpark Krammer is […]
Stek advises shareholders of energy company Nuts Group in the sale of 50% of Nuts Group to Waterland Private Equity. Nuts Group – through its Budget Energie and Elegant brands – provides green energy and gas to approximately 800,000 connections in Belgium and the Netherlands.
Stek has successfully represented the shippers DONG Energy (DK), RWE Trade & Supply (D) and Eneco in reclaiming many tens of millions of euros in paid tariffs. It concerns tariffs for the WQA (Wobbe Quality Adaptation) service of Gasunie Transport Services (GTS) at the Gate LNG terminal in Rotterdam. By dispute resolution decisions of 27 November […]
Stek has been shortlisted by the authoritative organisation Chambers for the Chambers Europe Award 2017 for the Netherlands. In their words: “These awards honour the work of national and international law firms across Europe on the basis of research for the upcoming edition of Chambers Europe. They recognise a law firm’s pre-eminence in key […]
Challenger Acquisitions has sold the engineering group Starneth to its chief executive officer Chiel Smits. Starneth is an engineer of giant observation wheels such as The London Eye and the New York Wheel. Challenger Acquisitions Limited is an investment fund in the entertainment and leisure sector that is listed on the London Stock Exchange (CHAL). Please […]
Stek has successfully represented three subsidiaries of the Dümmen Orange Group, a leading company in – amongst others – breeding and development of cut flowers and potted plants, in civil litigation before the Rotterdam District Court. Litigation was initiated by an agrarian employment agency challenging the rightful termination of several agreements and claiming damages in the […]
NIBC, NOM and management divested all shares in Noordlease Holding to Hitachi Capital Corporation on 31 January 2017. Noordlease Holding and its subsidiaries are active in the vehicle lease business. Stek advised the sellers on this transaction (and had previously advised them on their acquisition of Noordlease in 2014). Click here for the press […]
Paragon Partners has acquired the Novagraaf Group. Novagraaf Group is the world’s largest trademark filer and a major patent filer, managing more than one million intellectual property assets worldwide. Paragon Partners is investing in Novagraaf by acquiring a majority stake from, among others, its former shareholder Gilde Buy Out Partners. Paragon Partners is an independent German […]
Stek strengthens its litigation practice with Jan Bart van de Hel (34) as new partner. Jan Bart specializes in commercial and corporate dispute resolution and joins Stek from Allen & Overy. His practice covers the entire range of dispute resolution, including directors’ and professional liability, corporate governance, M&A related disputes and banking litigation. Jan Bart also […]
The transaction Parcom Capital/Simpel has been voted Best Deal Midmarket 2016 at the M&A Awards 2016, organised by Alex van Groningen B.V. We are proud that we have contributed to this transaction as M&A advisor of Simpel and its shareholders.
Ennatuurlijk and BeGreen have jointly entered into an agreement with Nuon for the purchase of five heat grids located in Culemborg, Wageningen, Hilversum, Zandvoort and Velp Schoonoord. As from 1 January 2017 Ennatuurlijk and BeGreen will jointly operate the five heat grid installations. Stek advised Ennatuurlijk in relation to the joint venture and further structure of […]
Stek has been shortlisted in the category ‘Best Dutch M&A Law Boutique’ for the M&A Awards 2016 organised by Alex van Groningen. In addition, Stek acted as M&A advisor of Simpel and its shareholders in the Parcom Capital-Simpel transaction which has been nominated as ‘Best Deal Midmarket’. Click here for the respective […]
YARD ENERGY, a Dutch based developer of wind energy projects, sold nine wind farms in The Netherlands to Eurus Energy Holdings Corporation, a leading Japanese renewable energy company. The wind farms have a combined capacity of 72.5 MW. YARD ENERGY and Eurus Energy have also agreed to expand their collaboration for the development and realization of […]
On 13 October 2016, in his annual speech, ACM Chairman Chris Fonteijn provided clarification on ACM’s competition policy during the annual Dutch competition law developments annual conference. In his subsequent speech, Ruben Elkerbout provided comments. For more information regarding the ACM’s policy or in case of other competition law […]
Imagine: you have a claim against someone, but not the evidence to prove it. Perhaps you cannot get hold of the documents as they are in the possession of your counter party or even a third party and they are unwilling to voluntarily provide you with them. If you were then to initiate court proceedings in […]
Maas Capital Renewables (100% owned by ABN AMRO Bank N.V.), a dedicated investor in renewable energy, and YARD ENERGY, a Dutch based developer of wind energy projects, sold two wind farms in Finland to Eurus Energy Holdings Corporation, a leading Japanese renewable energy company. The wind farms have a total capacity of 27.5 MW and consist […]
Parcom Capital has acquired a substantial minority interest in Simpel. On the Netherlands market of mobile communication services, Simpel has a leading position in the budget, sim-only segment. The transaction was announced on 30 August 2016 and was successfully completed on 6 October 2016, after the approval of the Netherlands competition authorities had been obtained. Please […]
Fintage House has sold its music publishing and neighbouring rights business to Kobalt Music Group. The business collects music royalties worldwide for many of the greatest names in the music industry, including Bruce Springsteen, Justin Bieber, Katy Perry and Britney Spears. Please click here for the press release.
Stek has successfully represented energy distribution company Liander in a dispute before the Authority for Consumers and Markets. The dispute resolution procedure was initiated by a complaint of paper producer Parenco. Parenco argued that electricity TSO erronously operates on the assumption that Parenco has a connection on its grid instead of that of Liander. By decision […]
The product of warranty and indemnity insurance (hereafter ’W&I insurance’) is an increasingly popular tool to bridge the gap between the needs of purchasers and sellers in private M&A transactions.
W&I insurance is a method for either the seller or the purchaser in an asset or share sale agreement to allocate the risk of monetary losses […]
On 15 September 2016 the European Commission (the Commission) published its Preliminary Report on the e-commerce sector inquiry (the Preliminary Report). In the Preliminary Report, the Commission provides an overview of the main competition-relevant market trends in the e-commerce sector and identifies possible competition concerns in this sector. Please click here for […]
Stek has successfully represented media company Initiative Media, part of IPG Mediabrands (Nasdaq: IPG), in a large public procurement dispute. It concerns the tender for the strategy, planning and procurement of all media spending by the Dutch State, including its agencies and companies such as the Dutch Tax Authority and National Railways. After Initiative Media had […]
Stek has successfully represented distribution company Stedin Netbeheer in an appeal procedure before the Court of Appeal in The Hague in a complex dispute with energy supplier Greenchoice. After prevailing in first instance before the District Court in Rotterdam (click here for the judgement (in Dutch)) the Court of Appeal by appeal judgment of […]
The 2016 edition of the Who is Who Legal list three lawyers of Stek in the list of eighteen most prominent lawyers in the energy sector in The Netherlands. We are grateful to our peers for these accolades. Clients had already secured the highest ranking (band 1) for Stek’s energy regulatory practice in the 2016 edition […]
Stek, in cooperation with Brussels firm Oswell & Vahida, acted for Lone Star Funds in filing a merger notification with the Dutch Authority for Consumers and Markets (ACM) for the acquisition of Propertize. On 2 August 2016 ACM approved this much discussed transaction. Please click here for more information and here for […]
Stek advised PitPoint, a portfolio company of Bencis Capital Partners, on setting-up a joint venture with Primagaz. The newly formed joint venture will focus entirely on the exploitation of LNG for the automotive and marine market. As part of the transaction, Stek also assisted PitPoint and Primagaz in obtaining first phase merger clearance from the European […]
Stek advised NIBC Mezzanine & Equity Partners on the management buy-out of Fletcher Hotels. Founder Chris Luken sold Fletcher Hotels to the existing management team and investors Xead Group and NIBC. Fletcher Hotels operates 73 hotels and is the largest hotel chain in the Netherlands. Please click here for more information.
Swedish company Thule Group (Nasdaq Stockholm: THULE) has acquired the Dutch company GMG B.V., the leading company in child bike seats in the Benelux market under the brand YEPP. Please click here for the press release.
Stek advised Oaktree Capital, a leading US investment management firm that is listed on the New York stock exchange, on its acquisition of a majority stake in Tribes. Tribes is an office concept which offers flexible office space. Press here for the press release (in Dutch).
After an extensive investigation the Authority for Consumers and Markets (ACM) has denied the request of RWE Benelux Holding to take legal action against Alliander. According to RWE Alliander violated the so-called group prohibition and/or the prohibition on ancillary activities. More specifically the complaint focused on the activities of Alliander subsidiaries Allego, HOOM, MPARE and EXE. […]
The attachment of assets prior to the commencement of legal proceedings (conservatoir beslag) is a well used method in the Netherlands for securing the creditor’s claim. Attaching the debtors assets (e.g. moveable assets, real estate, shares, bank accounts or claims on third parties) will deprive the debtor of his right to dispose of or encumber the […]