New rules on unfair contract terms in B2B relations
As of 1 December 2020, the new rules on unfair terms in B2B contracts enter into force. This memorandum briefly outlines the main takeaways and concerns of these new rules. In the coming weeks, we will post various updates on our website to inform you of the impact of the New Rules of the B2B-Act, in particular concerning specific topics regarding our main practices (M&A, commercial contracts, real estate and dispute resolution).
Laurius assisted the shareholders of Mediagenix in the context of the entrance of private equity fund Sofindev. Mediagenix is a global player in the field of broadcast management software, which manages the business of multi-platform TV for over 100 of the world’s top TV and media companies With the entry of Sofindev, Mediagenix takes the next step in further expanding and staying at the forefront of innovation while accelerating change in the global media landscape.
Click here to view the press release.
Ownership in 3D – The new building right
The new building right (“opstalrecht”/“droit de superficie”), incorporated in Book 3 “Goods” of the new Belgian Civil Code, will as of 1 September 2021 create additional legal perspectives for the real estate sector, particularly for complex real estate projects. The division into volumes will be more clearly regulated and, under certain conditions, the building right can even be established in perpetuity.
This short read highlights the main changes.
André Duval leaves the world of advertising
Laurius assisted André Duval with his exit as founding partner of Duval Union. Duval Union is a renowned business strategy, marketing and communications agency in Belgium, founded by André Duval in 2012. The agency is well known for its innovative consulting strategies with a heavy focus on technology in our digital age. André Duval had previously lent his name to his first successful advertising agency, Duval Guillaume, which he co-founded in 1996 and subsequently sold in 2006.
Click here to view a press release.
Post-COVID-19 – The pitfalls of venture capital funding
In these turbulent times, many start-up/scale-up companies will be forced to reinject new funds to compensate for the dried up cash, as the crisis is characterized by a drop in financial revenues.
The purpose of this article is to give a brief overview of the preferential liquidation mechanism and to address some of the pitfalls that this mechanism could represent for shareholders in the context of a future exit.
Click here to read the article. Please contact our Corporate/M&A team for more information.
Unexpected impact on corporate matters of new Belgian rules regarding unfair contract terms
This week, Sandro Christiaens (Junior Associate Corporate/ M&A) made his first contribution to the legal doctrine. In his article published by Rechtskundig Weekblad, Sandro provides an analysis on the scope of application of the new Belgian law concerning unfair contract terms in B2B relations from a corporate law perspective. As the new rules are applicable to all business contracts (with few exceptions), it can also have an impact on shareholders’ agreements. Furthermore, the question arises to what extent articles of association (and in general, corporate law) are impacted by these new rules. It is up for debate whether such an extensive application is desirable.
Reference: S. CHRISTIAENS, “Vennootschapsrechtelijke bedenkingen bij de B2B-Wet van 4 april 2019”, RW 2020, nr. 39, 1554-1557.
Laurius ranked in Legal 500 EMEA 2020
Legal 500 has released its 2020 ranking of Europe’s most prominent law firms. We are proud to announce that Laurius has been ranked as one of Belgium’s leading law firms. A warm thank you to our clients for their wonderful comments and to our team for all the hard work!
Some client testimonials
‘Professionals with the quality of the global firms, but with more feeling for the individual client and the local practices.’
‘What makes Laurius stand out is the rare combination of being a highly professional, yet very approachable law firm. The team is always accessible and ready to assist, even on short notice.’
‘Key strengths of the team are client focus, solution focus with the basis of knowledge and technical creativity.’
All partners are recommended within Legal 500 in their respective practice areas.
Governance & liability in times of Covid-19
What is the impact of Covid-19 on corporate governance? What are the responsibilities of governance bodies? Laurius will be happy to help you with your Covid-19 related questions.
Read the full memorandum here (Dutch, English version coming soon).
Contact one of our lawyers for more information.
Laurius ranked in Chambers Europe 2020
We are proud to announce that Laurius has been ranked in the Chambers Europe 2020 guide for its Corporate M&A practice and that Bert Luyten (Dispute Resolution) and Dirk Wellens (Corporate/M&A) are both individually ranked.
Bert Luyten (individually ranked) is described by Chambers as best known for assisting shareholders and corporations with commercial litigation and handling disputes concerning defamation and abuse of state aid. Clients describe Bert as “not only a top lawyer but also very committed and pleasant to work with.”
Our Corporate M&A practice has been ranked in the Corporate M&A overview and is described by Chambers as best known for its advice to clients on domestic and cross-border acquisitions and sales, in addition to corporate restructurings. Clients applaud the practice’s “excellent value for money and clear and straightforward advice”.
Dirk Wellens (individually ranked) focuses on sales and acquisitions, particularly within the real estate and construction sectors. He also handles pan-European restructurings. He is valued by clients for his “in-depth technical knowledge, creativity and personality.”
Click here to see our Chambers profile and rankings.