Picture of Benoît Vandervelde

Benoît Vandervelde

Counsel
Lawyer

CMS DeBacker
Chaussée de La Hulpe 178
1170 Brussels
Belgium
Languages French, Dutch, English

Benoît specializes in banking and finance law as well as in insurance law and has published several articles in these areas. Benoît advises financial institutions (banks, investment funds, investment firms, insurance undertakings, pension funds, payment institutions) and public authorities, both in the performance of their day-to-day activities (lending/LMA and security documentation, securitization, capital market transactions, investment products, liability of financial institutions) and in their relationships with the regulatory authorities (licencing, prudential requirements, merger and acquisition).

He was also seconded for three months in 2010 to the banking and finance team of CMS London, where he gained additional experience in the above-mentioned areas.

Benoît has excellent advisory skills: his advice is in-depth, ’to-the-point’ and oriented towards practical solutions.

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"The firm is 'Very proactive, able to move the files on and work at a fast pace to produce clear and helpful advice.'"

Feedback from a client about the department - Chambers Europe, 2018 (Banking & Finance)

Relevant experience

  • Advising Delhaize Group in a series of bond issues with recourse to the capital market: a tender offer in cash on senior bonds (approximately EUR 200,000,000) listed on the Luxemburg stock exchange and the issue of EUR 300,000,000 senior bonds and a tender offer on senior bonds (approximately EUR 95,000,000) and the issue of EUR 400,000,000 senior bonds listed on Euronext Brussels
  • Acting for a Belgian bank in the acquisition of private banking and retail activities from the branch of a foreign bank in difficulties and in the acquisition of a Belgian bank competitor
  • Advising a Swiss insurance company with respect to professional liability claims against a Belgian bank regarding the sale of toxic financial products to its retail clients
  • Advising a Belgian Bank during four separate securitization programmes arranged for two of the largest steel groups worldwide (EUR 150,000,000 and EUR 140,000,000), a worldwide cement group (EUR 250,000,000) and a worldwide group of maritime container transporters (EUR 51,000,000)
  • Acting for an English bank with respect to LMA credit facility and security documentation (upstream guarantee with limitation wording, inventory pledge, receivables pledge, bank account pledge and shares pledge), including the issuance of a legal opinion
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Education

  • 2004 - University of Louvain-La-Neuve, UCL (Law Degree)
  • 2004 - Bar admission (Brussels, Belgium)
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Publications

  • « Equity line transactions : une nouvelle technique de financement pour les sociétés cotées ? », with V. Dirckx, Droit Bancaire et Financier, 2015/III, p.187
  • « Fusions de banques et cessions d’activités bancaires », in 20 ans de Loi bancaire, Anthémis, 2013
  • Pensions complémentaires, B. Vandervelde (aspects réglementaires et assurance-vie) with G. Chuffart, Salaires, Kluwer, 2011, 106 pages
  • « L’offre conjointe et les services financiers », in La nouvelle loi relative aux pratiques du marché et à la protection du consommateur : tout sur l’ancien et le nouveau régime, Larcier, 2010
  • « La conversion de dette en capital : un remède dans le cadre des restructurations de crédit », with Arnaud Van Oekel, Forum Financier/Droit bancaire et financier, 2009/VI
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18/12/2017
10 ques­tions about the new Bel­gian se­cur­ity in­terests...
June 2018
CMS in­tro­duces Private Place­ments on­line Ques­tion­naire

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30/11/2018
Novem­ber 2018 News­let­ter
24 Jan 19
Struc­tured Fin­ance and Cap­it­al Mar­kets we­bin­ar series
21/11/2018
Bel­gi­um to cre­ate new reg­u­lat­ory frame­work for MGAs
The Bel­gian reg­u­lat­or has pub­lished a draft law amend­ing the law of 4 April 2014 on in­sur­ances, which will cre­ate a new reg­u­lat­ory frame­work for man­aging gen­er­al agents (“MGAs”) in Bel­gi­um (“Pro­pos­al”).
26/10/2018
Oc­to­ber 2018 News­let­ter
21/11/2018
Last call: cred­it­ors hold­ing a pledge over busi­ness as­sets ves­ted...
It’s been al­most a year since the Law of 11 Ju­ly 2013 on se­cur­ity in­terests on mov­able as­sets (“Act”) entered in­to force. One of the ma­jor in­nov­a­tions of the Act was the in­tro­duc­tion in­to the Bel­gian leg­al land­scape of a so-called ‘non-dis­pos­sess­ory’ pledge.
28/09/2018
Septem­ber 2018 News­let­ter
20/11/2018
Bel­gian im­ple­ment­a­tion of IDD com­ing soon
On 4 Oc­to­ber 2018, the Bel­gian gov­ern­ment fi­nally sub­mit­ted its draft law (“Draft Law”) im­ple­ment­ing Dir­ect­ive 2016/97/EU on in­sur­ance dis­tri­bu­tion (“IDD”) in Bel­gi­um. IDD re­peals and re­places Dir­ect­ive 2002/92/EC on in­sur­ance me­di­ation (“IMD”) and entered.
22/06/2018
June 2018 News­let­ter
24/10/2018
EU pro­pos­al to define "pre-mar­ket­ing" un­der AIFMD
Pre-mar­ket­ing (of an al­tern­at­ive in­vest­ment fund (“AIF”)) is not defined un­der the cur­rent Al­tern­at­ive In­vest­ment Fund Man­agers Dir­ect­ive 2011/61 (“AIFMD”). This has led to di­ver­ging ap­proaches taken in EU mem­ber states by loc­al reg­u­lat­ors or some­times there.
June 2018
CMS in­tro­duces Private Place­ments on­line Ques­tion­naire
10/09/2018
Brexit and the in­sur­ance sec­tor – in­form cus­tom­ers about Brexit’s...
The European In­sur­ance and Oc­cu­pa­tion­al Pen­sions Au­thor­ity (“EIOPA”) provided an opin­ion on in­form­ing cus­tom­ers about the im­pact of the with­draw­al of the United King­dom from the European Uni­on (“Opin­ion”).
24/05/2018
May 2018 News­let­ter