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ESMA guidance on pre-close calls with analysts

ESMA issued a statement on the practice of organising pre-close calls, where issuers share information with analysts immediately before a closed period. ESMA reiterates the legislative framework and identifies best practices for these calls.

Stibbe advises ING Belgium on the placement of shares of Xior Student Housing to Katoen-Natie Group

Stibbe advised ING Belgium on the €80 million placement of 6.5% of all shares of Xior Student Housing.

Stibbe helps advise BlackRock on its appointment as OCIO of the EUR 27bn pension plan of Stichting Shell Pensioenfonds

A Stibbe team co-led by Roderik Vrolijk and Ingrid Viertelhauzen has provided Dutch law advice to BlackRock on its appointment as the fiduciary manager for Stichting Shell Pensioenfonds.

Max Joosten

Junior Associate Brussels

Dominique Overheul

Junior Associate Amsterdam

Sterre Thijssen

Junior Associate Amsterdam

Introduction of the banking oath in Belgium

On January 15, the law introducing the banking oath and ethical rules in the banking sector was published in the Belgian Official Gazette.

Instauration d’un serment bancaire en Belgique

Le 15 janvier dernier, la loi introduisant le serment bancaire et des règles déontologiques dans le secteur bancaire était publiée au Moniteur belge.

Invoering van de bankierseed in België

Op 15 januari werd de wet tot invoering van de bankierseed en tuchtrechtelijke regeling gepubliceerd in het Belgisch Staatsblad.

AFM review indicates lack of transparency in use of alternative performance measures by Dutch issuers

AFM sets out the findings of its review of the use of alternative performance measures in financial reporting and concludes that Dutch issuers often fall short of the required level of transparency when reporting their alternative performance measures.

Egbert Vroom

Partner Amsterdam

Stibbe Capital Markets Seminar

On Thursday 20 June 2024, Stibbe will host its annual Capital Markets Seminar. This year, the seminar will discuss “The case for Amsterdam listings – now and in the future”.

Listing Act: Expanded exemptions for managers to trade during closed periods

In October 2024, the European Council adopted the EU Listing Act, a legislative package that includes changes to the Market Abuse Regulation. We discuss the expanded exemptions to the prohibition of PDMRs carrying out transactions during a closed period.

EU Listing Act enters into force 4 December 2024

The EU Listing Act, which includes updates to the Prospectus Regulation, Market Abuse Regulation, Markets in Financial Instruments Regulation, and to the Markets in Financial Instruments Directive, has been published on 14 November 2024.

Stibbe advises Unifiedpost Group on its strategic divestment of its Wholesale Identity Access business

Stibbe advises Unifiedpost Group, a Belgian listed company, on the divestment of its Wholesale Identity Access business and the entry into of a partnership agreement following the signing of a term sheet with Your.World BV.

AFM's spotlight on substantial holding notifications

In its latest market watch, the AFM places a spotlight on notifications of substantial holdings and gross short positions in response to the ongoing public discourse on the issue.

The Insurance Recovery and Resolution Directive

The Insurance Recovery and Resolution Directive (IRRD) was published in the Official Journal of the EU on 8 January 2025. The IRRD introduces a new regulatory framework aimed at strengthening the stability and resilience of the EU insurance sector.

Stibbe strengthens Corporate, Employment and Tax practices with three Counsel appointments

We are proud to announce the promotions of Sophie Brenard (Corporate and M&A), Charlotte Mortiaux (Employment, Benefits and Pensions), and Christophe Martin-Raynaud (Tax) to Counsel, effective 1 January 2025.

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