Dutch Restructuring company HEMA
Background, complications and tips for the future
Spring meeting NVRII/NACIIL 2021
25 May 2021
When: Tuesday 25 May 2021, 16:00-18:00
How: via Zoom (link is being forwarded)
Language: Dutch throughout
Register: email to lok@dvdw.nl.
Of all the restructurings in recent years, HEMA has received the most media attention. The outlines of the restructuring are clear. However, the exact process, the international dimension of the restructuring and the method of implementation have not yet been addressed. The NACIIL is therefore pleased to organize its Spring meeting 2021 around the restructuring of the HEMA as implemented in the second half of 2020. The meeting will outline the background to the financial problems, offer insight into the developments during the restructuring and provide tips for the future.
Program and Speakers:
16:00-16:05: Introduction program
16:05-16:20: Marcel Brouwer (Managing Director at Moelis & Company)
Setting the scene. Different stakeholders and corporate finance background of HEMA.
16:20-16:35: Ferdinand Hengst (partner De Brauw Blackstone Westbroek)
The HEMA perspective: Governance, strategy and dealing with uncertainty; about the complex dynamics between the different stakeholders and the strategic choices that had to be made in order not to get lost on the path up from distress to a strong equity position.
16:35-16:55: Break out session with assignment
16:55-17:05: Feed back break out session and discussion
17:05-17:15 Break
17:15-17:35: Vincent Vroom (partner Loyens & Loeff)
Bondholders, Relationship of Dutch company with English procedure and US procedure, Whether or not to expect complications of multiple jurisdictions under WHOA?
17:35-17:50: Karen Harmsen (partner Toon Advocaten)
Execution of pledge on shares.
17:50-18:00: Discussion
Costs participation:
NACIIL members: EUR 30,00.
Non-members: EUR 50,00.
Sience/Justice: EUR 0,00.
Background:
The Spring meeting will be online via Zoom. The positive experiences of the digital NACIIL Annual meeting 2020 make us look forward to an interactive and lively meeting on 25 May 2021.
