INSOLVENCY Series | Episode 3: Public and private reorganisation procedures
An undertaking in financial distress can consider judicial reorganisation as a means of restoring its financial stability. The judicial reorganisation procedure (“JRP”) is the Belgian pre-insolvency procedure, whose purpose is indeed to safeguard the continuity of the undertaking facing financial difficulties. Belgian law provides for two JRPs: JRP by mutual agreement, which aims to reach […]
Protect your Trade Secrets – Employer-employee relationship
In the first three episodes of our Trade Secrets Series we gave an introduction to the legal framework governing trade secrets in Belgium and explained in more detail the acts against which a trade secret holder can take action and what measures and remedies he can obtain. In this fourth episode we will focus on […]
Accords de spécialisation | Quelques assouplissements et période transitoire
Depuis le 1er juillet 2023, un nouveau règlement est en vigueur au sujet de l’exemption par catégorie des accords de spécialisation (règlement 2023/1067 de la Commission du 1er juin 2023 relatif à l’application de l’article 101, paragraphe 3, du Traité sur le fonctionnement de l’Union européenne [TFUE] à certaines catégories d’accords de spécialisation, JOUE, 2 […]
A Tribute to Lucien Simont
In memoriam of Lucien Simont, a founding partner of our firm, we reflect on the profound impact he had on the legal community, his pioneering spirit, and the indelible mark he left on the practice of law. Mr. Simont, who played a pivotal role in the establishment of Simont Braun and passed away on October […]
INSOLVENCY Series | Episode 2: Identifying risks and preventive tools
IDENTIFYING RISKS OF INSOLVENCY AND PREVENTIVE TOOLS TO AVOID INSOLVENCY Insolvency proceedings, and in particular liquidation proceedings, should remain a last resort. Accordingly, the Belgian Code of Economic Law (“CEL”) contains several preventive mechanisms designed (1) to detect the risk of insolvency in due course, and (2) to take preventive measures to redress undertakings’ financial […]
Protect your Trade Secrets – Procedures, Measures and Remedies
In the first two episodes of our Trade Secrets Series we gave an introduction to the legal framework governing trade secrets in Belgium and explained in more detail the acts against which a trade secret holder can and cannot take action. In this third episode we will analyse the procedures, measures and remedies that can […]
INSURANCE LAW – IMPORTANT CHANGES AHEAD
INSURANCE LAW – UPDATED RULES ON CONTRACT RENEWAL AND TERMINATION AHEAD On 5 October 2023, the Belgian Federal Parliament passed a draft law adapting the rules on (almost all) non-life insurance policies’ renewal and termination (the “Law”). This Law will come into force on the first day of the 12th month following its publication in […]
Simont Braun assists ROCKWOOL Group with divestment of ETABLISSEMENTS CHARLES WILLE et CIE
Simont Braun assists ROCKWOOL Group with divestment of Belgium-based distribution company ETABLISSEMENTS CHARLES WILLE et CIE Simont Braun successfully assisted ROCKWOOL, a world leader in isolation materials, with the divestment of its Belgium-based distribution company ETABLISSEMENTS CHARLES WILLE et CIE (Charles Wille). ROCKWOOL, a multinational world-leading producer of isolation materials, decided to divest Charles Wille […]
INSOLVENCY Series | Episode 1: Introduction
WHAT’S INSOLVENCY? The term « insolvency » is widely used, especially in these troubled economic times, but what does it mean exactly? Insolvency is a state of financial distress where an entity’s liabilities exceed its assets, making it difficult or impossible to meet its financial commitments. In the last few months, Belgian insolvency law has come to […]
Protect your Trade Secrets – Infringing acts, exempt acts, and exceptions
In the first episode of our Trade Secrets Series we gave an introduction to the legal framework governing trade secrets in Belgium. In this second episode we will explain in more detail the acts against which a trade secret holder can and cannot take action. The acts against which no action can be taken: the […]
Simont Braun assisted the shareholders of The Concept Group (TCOG) with the consolidation of its Belgian and Dutch activities
Simont Braun assisted the shareholders of The Concept Group (TCOG) with the consolidation of its Belgian and Dutch activities in TCOG Holding and the investment by ING Private Equity Simont Braun successfully assisted the shareholders and the management of TCOG, an IT service provider, with the consolidation of its Belgian and Dutch activities in TCOG […]
Empowering the European retail investor: unveiling the EU Commission’s new proposal for financial trust and transparency
The EU Commission recently published a draft proposal for a new omnibus directive, aiming at reinforcing and harmonising retail investor protection across the entire spectrum of financial services. Scope of application – Who’s affected? As an “omnibus directive”, the proposal is intended to affect several key pieces of EU legislation such as MiFID II, IDD, […]
