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STEVEN DE SCHRIJVER AND THOMAS DAENENS CONTRIBUTED THE BELGIAN CHAPTER TO THE INTERNATIONAL COMPARATIVE LEGAL GUIDE TO CORPORATE GOVERNANCE 2017

17.7.2017

Steven De Schrijver and Thomas Daenens of Astrea have contributed the Belgian Chapter 3 of the International Comparative Legal Guide to Corporate Governance 2017 (10th edition).

This guide, which is divided into Country Question and Answer Chapters, covers common issues in corporate governance laws and regulations – including transparency and reporting and corporate social responsibility – in 32 jurisdictions. It provides the international practitioner and in-house counsel with a comprehensive worldwide legal analysis of the laws and regulations of corporate governance. All chapters are written by leading corporate governance lawyers and industry specialists.

Read here the Belgian Chapter to the International Comparative Legal Guide to Corporate Governance 2017, contributed by Steven De Schrijver and Thomas Daenens.

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1001PACT RECEIVES LICENCE AS CROWDFUNDING PLATFORM

30.6.2017

1001Pact (https://1001pact.com/be), a new Belgian crowdfunding platform, has received its FSMA licence on 21 June 2017. It provides alternative funding services to and commercializes direct investment instruments for impact enterprises and corporates, available also under the very favourable Belgian tax shelter regime for start-ups. Under the new scheme, private investors benefit from a tax reduction if they invest in the capital of start-ups via licensed crowdfunding platforms (such as 1001Pact).  Astrea assisted 1001Pact Impact Investments SA in the framework of its foundation as a Belgian crowdfunding platform.

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LOUIS VERSTRAETEN A PARLÉ À LA SÉANCE D’INFORMATION DE LA FEB CONCERNANT LA SOLUTION CONFIDENTIELLE DANS LE NOUVEAU LIVRE XX DU CODE DE DROIT ÉCONOMIQUE

26.6.2017

Le 26 juin 2017, la FEB (Fédération des Entreprises Belges) a organisé une séance d’information sur le nouveau livre XX « l’insolvabilité des entreprises » du Code de droit économique. Plusieurs orateurs, tels que le ministre de la justice Koen Geens, le Président honoraire de la Cour de Cassation Ivan Verougstraete et des praticiens dont notre associé Louis Verstraeten, ont expliqué les changements majeurs. Les nouveaux outils pour favoriser la sauvegarde des entreprises en difficulté étaient le fil rouge des exposés.

Louis Verstraeten expliquait l’accord amiable (extra)judiciaire dans le cadre du réorganisation judiciaire. Il a donné un aperçu des changements que la nouvelle loi entraîne et a illustré les possibilités de l’accord amiable avec quelques exemples de pratique.

Vous pouvez trouver plus d’information sur la séance d’information de la FEB ici.

Contacter?

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NEW EUROPEAN INSOLVENCY REGULATION WILL BE APPLICABLE SOON

23.6.2017

The recast European Insolvency Regulation replaces the current Regulation of 2000 and will be applicable on cross boarder insolvency procedures opened after June 26, 2017.

The new rules address the main shortcomings of the old Regulation and endeavor to contribute to a more efficient settlement of cross boarder insolvency procedures.

We highlight the main changes in this update.

  • The pre-insolvency procedure and hybrid procedure fall from now on (and more than before) within the material scope of the Regulation. These are the procedures aimed at safeguarding undertakings in financial difficulties through restructuring. For Belgium, this implies an expansion to all procedures of judicial reorganization including the amicable settlement.
  • The key concepts “centre of main interests” (COMI) and “establishment” that determine the competent court, are being clarified.
  • The Regulation entails an improved coordination between main and secondary insolvency proceedings. Secondary proceedings do not need to be a liquidation procedure anymore, which will facilitate the maintenance of the going-concern of a cross-border establishment.
  • Procedural simplification is introduced by the so-called “synthetic proceedings”, whereby the rights of foreign creditors will be protected in the main insolvency proceeding, as if a secondary proceeding were opened.
  • The member states are obliged to create an electronic register for insolvency proceedings in which the information concerning the insolvency procedure will be published. Afterwards, the different national registers will be linked via a central European e-justice portal, which gives the national judges and creditors from different member states the possibility to access all relevant information. In Belgium, the REGSOL is in the meantime up and running.
  • Lastly, this Regulation also lays down rules on the coordination of insolvency proceedings that are related to several members of the same group of companies. The aim of which is to make the efficient and combined settlement of insolvency procedures possible.

The new Insolvency Regulation works out and builds upon the experience Europe gained the past 15 years, especially with regard to the insolvency of subsidiaries of a group of companies. By creating a framework for coordination, the chances of a smooth settlement of a complex international insolvency proceeding are being increased. Contact?

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CORPORATE AND TECHNOLOGY PARTNER STEVEN DE SCHRIJVER MODERATES STARTUP LAW CLINIC WORKSHOP AT THE 2017 ITECHLAW WORLD TECHNOLOGY LAW CONFERENCE IN CHICAGO

20.6.2017

Partner Steven De Schrijver of Astrea, along with Principal Attorney Charles Lee Mudd Jr. of Chicago law firm Mudd Law, has moderated the interactive workshop “Startup Law Clinic” during the 2017 ITechLaw World Technology Law Conference which took place in Chicago from 3 to 5 May 2017. Panelists included the founders of 2 Chicago startups: Jimi Allen of Bureau Gravity (www.bureaugravity.com) (and Dr. Steven Lee of Opternative (www.opternative.com).

The workshop proactively discussed the specific needs of startup companies by combining both legal and entrepreneurial points of view on dealing with legal issues related to startups and structuring law firm engagements in a way that is mutually beneficially to lawyers and their entrepreneur clients. The attorneys on the panel described their experience of working with startups and provided an overview of a wide range of issues that tend to come up for startups, whereas the entrepreneurs on the panel described their respective startups and explained how they each dealt with law firms and legal issues as their respective businesses evolved.

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STEVEN DE SCHRIJVER RECEIVES WHO'S WHO LEGAL GLOBAL IT LAWYER OF THE YEAR AWARD AT AWARD CEREMONY IN LONDON

20.6.2017

Astrea Partner Steven De Schrijver was recognised by Who's Who Legal as the Global IT Lawyer of the Year at the 4th Annual Who’s Who Legal Awards ceremony.

Since 1996 Who's Who Legal has identified the foremost legal practitioners in multiple areas of business law. In total, this site features over 17,000 of the world's leading private practice lawyers from over 100 national jurisdictions. Who's Who Legal is published by Law Business Research Limited.

Every year Who’s Who Legal issues awards to the individuals and firms that have performed exceptionally well in their research. During this year’s ceremony, which took place at Plaisterers' Hall in London on Monday 15 May, the individual and firm winners from 34 practice areas were celebrated.

This is the third time Steven De Schrijver has received the Global IT Lawyer of the Year award, having also received the award in 2012 and 2014.

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STEVEN DE SCHRIJVER CONTRIBUTES ARTICLE ON "THE RIGHT TO BE FORGOTTEN: THE CURRENT AND FUTURE LEGAL FRAMEWORK” TO THE EXPERT GUIDES WEBSITE

26.4.2017

Astrea corporate and technology partner Steven De Schrijver has contributed an article entitled “The right to be forgotten: the current and future legal framework” to the Information Technology section of the Expert Guides website (www.expertguides.com).

Expert Guides has been researching the world's legal market for over 20 years and has become one of the most trusted resources for international buyers of legal services.

Its guides cover a broad — and growing — range of legal practice areas.

You can read the full article through the following link: The right to be forgotten - the current and future legal framework

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ASTREA ERNEUT IN CHAMBERS GLOBAL (2017) GELISTET

23.3.2017

Chambers Global, ein führendes internationales Handbuch für Wirtschaftskanzleien, publiziert jedes Jahr einen Überblick der führenden Anwaltskanzleien aus der ganzen Welt.

Aufgrund der Eingaben der teilnehmenden Anwaltskanzleien, Feedback von Kunden und Peer-Reviews wählt Chambers die wichtigsten Anwälte und die führenden Anwaltskanzleien pro Spezialisierung und pro Region aus.

Astrea ist sehr erfreut um erneut in Chambers Global (Auflage 2017) mit einigen lobenden, aber auch zusätzlichen Erwähnungen aufgenommen zu sein.

Frédéric Verspreeuwen wird genannt im Bereich Corporate/M&A im Band 4. Chambers Global schreibt: Frederic Verspreeuwen has "impeccable legal knowledge and a no-nonsense approach," according to clients, who describe him as a "dedicated lawyer who is always in the loop on ongoing matters and can act and react very fast in critical situations."

Dieter Veestraeten wird in seinem Bereich Banking & Finance erwähnt als “recognised practitioner”. Er wird ebenfalls genannt als “foreign expert” für Deutschland und deutsche Unternehmen die in Belgien aktiv sind. Chambers Global schreibt: Dieter Veestraeten of Astrea speaks fluent German and continues to advise many German clients on cross-border financing matters involving Germany and Belgium.

Wir sind dankbar für die Anerkennung der von uns angestrebten Qualität und hoffen diese, in Zusammenarbeit mit unseren Kunden, weiter zu erhalten und zu entwickeln.

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STEVEN DE SCHRIJVER CONTRIBUTES BELGIAN CHAPTER TO THE INTERNATIONAL COMPARATIVE LEGAL GUIDE TO MERGERS & ACQUISITIONS 2017

7.3.2017

Steven De Schrijver of Astrea has contributed in writing the Belgian Chapter 9 of the International Comparative Legal Guide to Mergers & Acquisitions 2017 (11th edition). This guide provides corporate counsel and international practitioners with a comprehensive worldwide legal analysis of the laws and regulations of mergers and acquisitions. The country question and answer chapters provide a broad overview of common issues in mergers and acquisitions in 41 jurisdictions. All chapters are written by leading mergers and acquisitions lawyers and industry specialists.

Read the complete article written by Steven De Schrijver

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WHO'S WHO LEGAL: TMT 2017 : ASTREA PARTNER STEVEN DE SCHRIJVER LISTED AGAIN AS ONE OF THE MOST HIGHLY REGARDED INFORMATION TECHNOLOGY LAWYERS IN EUROPE

9.1.2017

Every year Who’s Who Legal undertakes an in-depth research to identify the firms and practitioners who stand out worldwide in the field of technology, media and telecommunications (TMT).

In its latest edition Who’s Who Legal recognises over 800 IT specialists and over 400 telecoms and media experts across 71 jurisdictions, covering a broad range of commercial and regulatory matters in these sectors.  All are considered leaders in these fields of law, following votes from clients, in-house counsel and peers.

In the Who's Who Legal: TMT 2017 edition, Astrea corporate and technology partner Steven De Schrijver is listed once again as one of the 6 most highly regarded IT lawyers in Europe.

In 2012 and 2014, Steven already received the award by Who’s Who Legal as the Information Technology Lawyer of the Year and he was also listed in the Who’s Who Legal: TMT 2016 last year.

In its TMT 2017 Analysis, Who’s Who Legal states that  “At independent Brussels outfit Astrea, Steven De Schrijver ranks as the top IT lawyer in our research drawing praise from a huge number of respondents internationally. He is very active advising large domestic and foreign tech companies on complex technology transactions and privacy law. A client reports, “He is utterly brilliant and will always find the best possible commercial outcome.””.

The full Who's Who Legal: TMT 2017 Analysis can be found here.

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