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Will the COVID-19 pandemic have an impact on financial covenants?

As it is expected that the coronavirus outbreak will negatively affect the operations of companies in a wide variety of sectors, any consequent breaches of financial covenants are likely inevitable.

Stibbe advises Qrf

Stibbe assisted listed regulated real estate company Qrf with the acquisition of the State Archives Bruges through the acquisition of 100% of the shares in RAB Invest NV from Leasinvest Real Estate Comm. VA., for the amount of EUR 20,6 million. 

Chambers and Partners Banking & Finance 2020 Global Practice Guide

The Chambers Banking & Finance 2020 Global Practice Guide covers 34 jurisdictions and discusses the impact of various topics including; COVID-19, the high-yield market, foreign currency exchange, and debt buy-back.

Stibbe advises Union Investment

Stibbe advised Union Investment on its acquisition of the Diamond office building in the Belgian city of Ghent.

Stibbe advises Andera Partners

Stibbe advised Andera Partners in acquiring Infra Group NV from Waterland and the Verbraeken family and the subsequent MBO.

Stibbe advises the Walloon Transport Operator

Stibbe assisted the Walloon Transport Operator (OTW) with the creation of a brand new tramway network (11.7 km) including the construction of 21 stations and a new depot and the acquisition of trams in Liège, Wallonia.

Stibbe advises APG and a joint venture partner

Stibbe advises APG and a joint venture partner on the acquisition of an approximate 33% interest in HHR Euro C.V. from their joint venture partner Host Hotels & Resorts Inc.

Stibbe advises SOFICO

Stibbe advised SOFICO, the Walloon Region’s financing company, on one of Wallonia’s most innovative and ambitious PPP projects.

Most commonly used unregulated real estate investment vehicles in Belgium

On 1 January 2020, the mandatory provisions of the Code for Companies and Associations or "BCAC" entered into force. This article provides an overview of the main characteristics of the most commonly used unregulated real estate vehicles in Belgium.

Stibbe advises Limburgse Reconversiemaatschappij

Stibbe successfully assisted Limburgse Reconversiemaatschappij on the development of the new greenfield “Kristal Solar Park”.

Stibbe advised Iret Development

Stibbe acted as counsel to Iret Develoment in its tendering procedure, development, and negotiations of the more than EUR 100 million public–private partnership (PPP) project, which is the new police headquarters building in Antwerp.

International webinar on cloud computing in the financial sector

Stibbe is organising an international webinar on cloud computing in the financial sector - What financial institutions need to know when considering a move to the Cloud. The webinar takes place on 30 June 2020 at 4:00 pm.​​

Stibbe advises worldwide industrial player

Stibbe advises a major worldwide industrial player on the implementation of an intra-group financing structure involving a hybrid-profit participating loan that a Luxembourg holding company granted to a Belgian group company.

Stibbe advises Brazilian shareholders of InBev

Stibbe assisted the Brazilian shareholders of InBev with the financing of their participation in the capital increase to fund its EUR 32.7 billion acquisition of Anheuser-Busch to create Anheuser-Busch InBev, the world's largest brewery.

Stibbe advises consortium

Stibbe assisted a consortium in its successful bid for the Belgian PPP road project for the new A11-highway between Knokke and Zeebrugge. 

Stibbe advises Flemish government

Stibbe assisted the Flemish government in developing a legal framework for granting guarantees to funds, as a result of which financial institutions can free up capital to continue lending to the market.

Stibbe advises clients on delisting from Iran Sanction list

Stibbe assisted a number of clients in obtaining a delisting from the Iran Sanction list and in obtaining clearance for financial flows from Iran to our clients' subsidiaries.

Stibbe advises Belgian Buildings Agency

Stibbe advised the Belgian Buildings Agency, a federal government agency, on the construction, public law, and project financing aspects of the EUR 800 million PFI for prisons programme, for the construction of 54 new prison compounds on the basis of a DB

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