Hogan Lovells acts for Assosim in petition against Dutch government

Hogan Lovells has successfully assisted Assosim (the Italian Intermediaries Association), among others, in petitioning against the European Commission, on an alleged breach of EU law by the Dutch government, after SNS Bank’s nationalisation last month.

The firm’s competition team in Italy worked jointly with its financial institutions group to petition on behalf of Assosim, against an alleged breach of law regarding the expropriation of subordinated bonds following the Dutch government taking control of the country’s fourth-largest lender.

The Hogan Lovells team was led from Rome by partner Gianluca Belotti and corporate financial institutions group partner Jeffrey Greenbaum. They were assisted by Sacha D’Ecclesiis (senior associate, ACER), Eugenia Gambarara (associate, ACER), Simone Terenzi, (associate, financial institutions group corporate) and Claudia Colomba (associate, financial institutions group corporate).