Karen Harmsen

Partner

Amsterdam

T + 31 20 546 01 59
F + 31 20 546 08 07

Send karen.harmsen@stibbe.com an e-mail.
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Karen specialises in civil law and civil procedural law. She advises and litigates in particular in relation to contracts, insolvency, restructurings, financing and directors' liability. She acts as receiver and administrator in Dutch Insolvency proceedings. Karen also provides advice on financial reporting, auditors' liability and IFRS. She is an active member of Insolad, the Dutch Association of Insolvency Lawyers. Karen qualified as an auditor (register-accountant) in 1995.

Credentials

  • Managing directors of Lehman Brothers Treasury Co B.V. in the insolvency procedure of Lehman Brothers Treasury Co B.V., as it issued various note programs and lend the proceeds within the Lehman group 
  • Van der Hoop Bankiers N.V. a Dutch listed bank that was declared bankrupt in December 2005. This was the first bankruptcy of a Dutch bank in approximately 20 years time 
  • UK Administrators of Nortel on all Dutch law aspects of the world wide restructuring
  • Kroymans Corporation B.V., an international group of various automotive companies (both importers and dealers) and its group companies in its financial restructuring
  • Administrators of TXU EET Ltd. And TXU Group on the restructuring of Europe TXU Energy Trading concern
  • Versatel on its debt for equity swap using both a Chapter XI and the Dutch suspension of payments procedure
  • UnitedGlobalCom Inc. (UGC) on the debt restructuring of its subsidiary United Pan-European Communications N.V. (UPC)
  • Completel Europe on its balance sheet restructuring through insolvency proceedings in 2003
  • LG.Philips Displays Group on its worldwide restructuring through insolvency proceedings
  • Various parties in relation to the Dutch bankruptcy and Dutch procedural law issues in relation to the bankruptcy of Yukos
  • Deloitte Netherlands in liability disputes relating to the US class action "In re Royal Ahold NV Securities & ERISA Litigation"
  • Societe Generale (GB) and a syndicate of lenders on the restructuring of VNU Media's debts under its EUR 200 million senior secured facility agreement