Join the Action
Claim against Airbus SE (Ticker: AIR)

About AIRS

Non-profit and independent

AIRS is an independent foundation established under Dutch law, with a Board of Directors and a Supervisory Board. The foundation operates on a non-profit basis and represents affected investors in Airbus who seek compensation. Board and Supervisory Board members are remunerated for their time but have no financial interest in the outcome of the action.

Management Board

Paul Rex

Chairperson

Paul is Managing Director of GBRW Expert Witness Limited and Chairman of GBRW Consulting. He is a banking and financial sector expert who spent the first part of his career at two banks: Chemical Bank, where he held various positions including Head of Multinational Group, London and Head of Commodities Finance/Shipping Finance, Europe; and Crédit Agricole, London Branch, where he was Assistant General Manager and Head of the…

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Paul Rex

Paul is Managing Director of GBRW Expert Witness Limited and Chairman of GBRW Consulting. He is a banking and financial sector expert who spent the first part of his career at two banks: Chemical Bank, where he held various positions including Head of Multinational Group, London and Head of Commodities Finance/Shipping Finance, Europe; and Crédit Agricole, London Branch, where he was Assistant General Manager and Head of the Corporate Banking and Finance Division.

Paul founded GBRW Limited in 1995 and has led consulting and expert assignments in more than 30 countries. He is a Fellow of the Academy of Experts and a member of the UK Expert Witness Institute. Other previous experience includes Vice-Chairman of the Investment Business Committee at the Institute of Chartered Accountants in England and Wales; Credit Committee Member of the UK Department of Health Foundation Trust Financing Facility; and voting representative for the British Government on the Approvals Committees of four Polish bank-owned investment funds. 

Paul has an MA degree from Oxford University and is a British national.

Elsbeth van Rhijn

Company Secretary

Elsbeth is an independent lawyer, admitted to the Bar in Amsterdam, specializing in the design and execution of mass compensation actions for banks and other financial institutions. She has been actively involved on behalf of DSB Bank in negotiating the mass settlement of claims by DSB customers for violations of the Bank’s duty of care under the Dutch Financial Supervision Act and has been part of the team representing the Bank in court in the subsequent...

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Elsbeth van Rhijn

Elsbeth is an independent lawyer, admitted to the Bar in Amsterdam, specializing in the design and execution of mass compensation actions for banks and other financial institutions. She has been actively involved on behalf of DSB Bank in negotiating the mass settlement of claims by DSB customers for violations of the Bank’s duty of care under the Dutch Financial Supervision Act and has been part of the team representing the Bank in court in the subsequent class action proceedings at the Court of Appeal in Amsterdam.

Before founding her own practice, Elsbeth was a lawyer at Houthoff Buruma in the corporate practice specialising in M&A, IPOs and private equity, where she was involved in major negotiations which included the Dutch DAF dealer organization following the bankruptcy of DAF and the privatisation of cable networks by Dutch municipalities.

Elsbeth is also a member of several boards in the non-profit sector. She holds a master degree in law from the University of Groningen and is a Dutch national.

Dominiek Vangaever

Treasurer

With a background based extensively in global finance with a strong focus on risk and compliance management, Dominiek brings a valuable perspective and skillset to the Board.

Following 15 years with ING Group, Dominiek has held senior management positions in global financial institutions such as the African Development Bank, European Bank for Reconstruction & Development…

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Dominiek Vangaever

 With a background based extensively in global finance with a strong focus on risk and compliance management, Dominiek brings a valuable perspective and skillset to the Board.  
Following 15 years with  ING Group, Dominiek  has held senior management positions in global financial institutions such as the African Development Bank, European Bank for Reconstruction & Development and InterAmerican Development Bank. 

Most recently Dominiek has been the Chief Risk Officer and Executive Director of a global non-governmental organization where he has been responsible for risk and compliance, fraud management and insurance. He has also been a non-executive director and executive advisor to boards and executive teams. 

Dominiek graduated from the Johns Hopkins University School of Advanced international Studies in Washington DC, USA and Bologna, Italy with a master’s degree in International Economics and European Studies after studying Law at the Universities of Antwerp and Leuven, Belgium. He holds Belgian, US and UK passports, is fluent in English, French, Dutch and Spanish and has lived and worked on four continents.

Supervisory Board

Sandra Frommelt

Chairperson

Sandra is a Dutch lawyer specialized in dispute resolution, business law and insolvency law. She has over 25 years of experience in these fields. As of January 1, 2023, she has joined law firm Wintertaling in Amsterdam as a partner.

Sandra advises and litigates on commercial law partnerships and commercial contracts, corporate law issues, mass claims, directors' liability and insolvency issues. She began her career at the age of 23 and has been involved in legal advice on dispute avoidance and acting in settlement disputes and bankruptcies, court proceedings...

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Sandra Frommelt

Sandra is a Dutch lawyer specialized in dispute resolution, business law and insolvency law. She has over 25 years of experience in these fields. As of January 1, 2023, she has joined law firm Wintertaling in Amsterdam as a partner.

Sandra advises and litigates on commercial law partnerships and commercial contracts, corporate law issues, mass claims, directors' liability and insolvency issues. She began her career at the age of 23 and has been involved in legal advice on dispute avoidance and acting in settlement disputes and bankruptcies, court proceedings, arbitration or other forms of alternative dispute resolution since that time. She has been involved as a lawyer in numerous mass torts, including those resulting from various bankruptcies.

Godert Vinkesteijn

Supervisory Board Member

Godert is a Dutch independent advisor and board member. Before Godert established his own firm, he was a Senior Executive of KPN with Finance, M&A and Technology background. In that period, he worked among others as CFO of KPN International, and CFO of KPN The Netherlands.

Godert is a member of several supervisory boards. He graduated in Actuarial Science at...

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Godert Vinkesteijn

Godert is a Dutch independent advisor and board member. Before Godert established his own firm, he was a Senior Executive of KPN with Finance, M&A and Technology background. In that period, he worked among others as CFO of KPN International, and CFO of KPN The Netherlands. 

Godert is a member of several supervisory boards. He graduated in Actuarial Science at the University of Amsterdam. He completed the post graduate Controllersprogram from The Free University of Amsterdam, and the Supervisory Board Program of Nyenrode Business University, as well as Business Valuation Program of RSM.

Lynda Aziz

Supervisory Board Member

 Lynda is an English-qualified and experienced solicitor (currently non-practising) and is a Supervisory Board Member appointed by the Funder, Woodsford Litigation Funding Limited. She is a Director of Frome Wye Limited, a UK company specialising in third party funding of US litigation.

Lynda has previously worked at Woodsford Litigation Funding and at law firms...

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Lynda Aziz

Lynda is an English-qualified and experienced solicitor (currently non-practising) and is a Supervisory Board Member appointed by the Funder, Woodsford Group Limited. She is a Director of Frome Wye Limited, a UK company specialising in third party funding of US litigation.

Lynda has previously worked at Woodsford Group Limited and at law firms in London and in Australia. She has particular experience of high value litigation and arbitration.
Lynda holds a law degree from Middlesex University and a post-graduate LPC from The University of Law. She is an Australian national.

Cooperation with Airbus Investors Recovery Limited

AIRS is coordinating its strategy with Airbus Investors Recovery Limited ("AIRL"), a special purpose company established by Woodsford, which represents approximately 200 affected institutional investors in their claims against Airbus.

AIRS and AIRL are both funded by Woodsford and advised by Scott+Scott, a leading international law firm. AIRS’s Board considers that AIRS will benefit from its cooperation with AIRL given the common legal issues in both actions. Having the same lawyers and the same experts will therefore be efficient and cost-effective.

See for the progress of the claim made by AIRL https://www.airbusinvestorsrecoverystichting.com/progress-of-the-claim.

Funder: Woodsford

Woodsford Group Limited is a specialist in ESG-related engagement and a highly experienced, reputable and well-known global litigation funder headquartered in London. Woodsford has helped many thousands of institutional and retail investors and other stakeholders engage with major corporations across numerous jurisdictions in relation to serious breakdowns in ESG standards. It holds these companies to account, and helps those affected by ESG breakdowns to secure compensation.

For more information on Woodsford, please visit: https://woodsford.com/us/esg-case-studies/.

Law firm: Scott + Scott

Scott+Scott is an international law firm specialising in complex class actions. Scott+Scott has extensive experience litigating securities, corporate governance, competition and consumer law cases on behalf of institutional entities and individuals.

For more information on Scott + Scott, click www.scott-scott.com

Contact

If you have further questions or want to contact AIRS for any other reason, please email us at: investors@airbusinvestorsrecoverystichting.com

Our mailing address is:
Airbus Investors Recovery Stichting
Joh. Verhulststraat 80-2
1071 NJ Amsterdam
The Netherlands