On behalf of the Commercial Contracts team of LXA The Law Firm, Herman Knotter and Kim van de Wiel assisted the online travel company Prijsvrij in an important civil action against tour operator Thomas Cook Nederland. The District Court of Amsterdam ruled in its judgment of 29 August 2018 that termination of the agency agreement by Thomas Cook Nederland was in violation of competition law. In these proceedings, LXA The Law Firm worked together with Bas Braeken and Marianne Meijssen of Maverick advocaten.
LXA advised Capital Mills B.V. on its acquisition of interest in Alpha.One B.V. (venture capital transaction).
LXA advised TREF (Triodos Renewables Europe Fund) on the restructuring of its fund.
On 4 July 2019 a suspension of payments was granted to Moonen Shipyards B.V. Willem Berendsen was hereby appointed as administrator. Moonen Shipyards is a well-known Dutch yacht builder of high quality luxury yachts. In the suspension of payment proceedings and the subsequent bankruptcy, the insolvency law team of LXA started a controlled auction process in which a number of international parties are involved including the Netherlands, Russia, Israel, Italy, Oman and Australia. The Australian party, led by Matthew Baxter, eventually won the controlled auction. Moonen Shipyards is now in calm waters and can look forward to a bright future.
During the spring and summer of 2019, LXA supervised the management buy-out and the subsequent restructuring of the Invito and Le Ballon retail chains. Several stores were closed and the groups were financially restructured.
For the shareholders of Bevers, LXA successfully handled a M&A transaction with Van Wanrooij as buyer.
For the shareholders of Declaree, LXA successfully handled a private equity transaction with Fortino as buyer.
For the shareholders of MTA, LXA successfully handled a private equity transaction with MBI Groeifonds
For Tabtrader, LXA successfully handled an equity financing transaction with BITMEX as investor
A company produces a coating consisting of two components. When manufacturing one of the components, unsuitable raw material is used. This raw material comes from a long time supplier who inadvertently delivered a different substance from the one ordered. The coating did not meet the requirements that users were allowed to set for it. LXA, on behalf of the manufacturer and in proceedings initiated by a number of users, impleaded the supplier. During the proceedings, a settlement was reached with the affected users.