SNS REAAL and SNS Bank subordinated bondholders affected by the 2013 Dutch nationalization may be eligible to seek compensation following the expropriation of their securities. Martingale Risk is supporting eligible investors in assessing and pursuing potential recovery claims in the Netherlands.
ITALY - 23 May, 2026 - Martingale Risk has secured multiple private settlements through direct negotiations for investors holding SNS REAAL and SNS Bank subordinated bonds seized by the Dutch state in 2013.
The Dutch Ministry of Finance compensation application deadline expired in 2023, closing official channels. Investors and funds with unresolved SNS REAAL and SNS Bank subordinated bond holdings now require specialist assistance to pursue compensation.
Recovery Process
The approach emphasizes efficiency for clients:
The SNS procedure is entirely negotiation-based and does not involve any litigation;
Based on our experience, outcomes are expected to be seen within 3–4 months;
Minimal documentation: custodian statements, powers of attorney, signatory lists;
Purely contingent structure: no upfront fees, compensation only on successHolders of these subordinated bonds qualify for compensation, as affirmed by the Amsterdam
Holders of these subordinated bonds qualify for compensation, as affirmed by the Amsterdam Enterprise Chamber ruling of February 11, 2021:
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If you purchased subordinated bonds issued by SNS Bank or SNS REAAL, please contact Martingale Risk for a free non-binding preliminary analysis.
