Simont Braun assists Naxnova with the acquisition of a 74% majority stake in Quad Industries
Simont Braun successfully assisted Naxnova with its acquisition of a 74% majority stake in the Belgian-based Quad Industries, marking its first expansion to Europe and strengthening its product offering for the automotive industry. Naxnova (previously Classic Stripes) is part of Astarc Group and a leader in new generation solutions for global OEMs in the automotive, […]
L’introduction d’un pourvoi en cassation complémentaire pour violation d’une disposition légale rétroactive
La loi du 19 décembre 2023 portant dispositions diverses en matière civile et judiciaire a introduit un nouvel article 1094/2 dans le Code judiciaire (M.B., 27 décembre 2023). Cette disposition, entrée en vigueur le 6 janvier 2024, apporte une nouveauté intéressante à la procédure applicable devant la Cour de cassation. En effet, cette disposition permet […]
Central Register of Director Bans
With the law of 4 May 2023, which entered into force on 1 August 2023 (the “Law”), the Belgian legislator provided a legal framework for the creation of a central register of director bans (“Centraal Register van Bestuursverboden” / “Registre central des interdictions de gérer”). The Law transposes the European Directive 2019/1151 amending Directive (EU) […]
L’instauration des chambres de règlement amiable dans les juridictions civiles et commerciales
Le coût d’une procédure et l’arriéré judiciaire particulièrement important devant de nombreuses juridictions en Belgique, ont amené le législateur, depuis plusieurs années, à encourager et favoriser le recours aux modes alternatifs de règlement des litiges. Ainsi, la loi du 18 juin 2018 a notamment autorisé le juge à imposer une médiation aux parties (sauf si […]
Updated guidelines on Belgian FDI Screening
The Cooperation Agreement of 30 November 2022 establishing a foreign direct investment screening mechanism (‘FDI Regulation’) entered into force on 1 July 2023. Prior to its effective date, on 30 June 2023, the Interfederal Screening Commission (‘ISC’) published initial guidelines in the form of a Q&A on the application of the FDI Regulation. After gaining […]
Instant payments in euro soon to be free throughout Europe!
On 19 March 2024, the Regulation (EU) 2024/886 of 13 March 2024 as regards instant credit transfers in euro (the “Instant Payment Regulation”) was published in the Official Journal. This Regulation will allow anyone to make instant credit transfers in euros from one payment account to another payment account within the European Union (“EU”). Some […]
EU Trademarks “Oxygeneo” and “Tripollar” invalidated by Brussels Enterprise Court
Brussels Enterprise Court denies copyright protection for cosmetic device and graphical user interface, and invalidates EU trademarks “Oxygeneo” and “Tripollar”. | IN BRIEF By a judgment of 5 May 2023, the Brussels Enterprise Court dismissed a claim brought by Israeli company Pollogen Ltd. against Belgian companies LA Poppe BV and i-Learning VZW for alleged […]
