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Portrait of Benoît Vandervelde

Benoît Vandervelde

Partner
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 regulatory insurance law. He mainly advises lenders and borrowers on financial transactions, including acquisition finance, syndicated loans, real estate finance, debt restructuring, etc.
Benoît also 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 (securitization, capital market transactions, investment products, liability of financial institutions) and in their relationships with the regulatory authorities (licensing, prudential requirements, merger and acquisition).

He is regularly consulted by regulated entities on regulatory compliance matters. Benoît also developed an in-depth knowledge in advising insurance undertakings with their operations in Belgium in the context of Brexit.

He was seconded to the banking and finance team of CMS London.

Benoît is praised for being "really pragmatic," adding that "he understands immediately what clients need and helps out straight away." He has been mentioned as “up and coming” in Chambers [2019].

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“One client admires the 'very proactive and to the point' lawyer for his brevity and timeliness, adding: "He gives concise but no-nonsense advice and keeps well to agreed timeframes.“

Feedback from a client about Benoît Vandervelde – Chambers Global, 2019 (Banking & Finance)

"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

  • Regularly acting for lenders or borrowers on cross-border LMA transactions, i.e. drafting and negotiating LMA credit facility, intercreditor agreement and security documentation (upstream guarantee with limitation wording, business pledge, receivables pledge, bank account pledge, shares pledge, etc.), including the issuance of legal opinions
  • Advising several UK insurance intermediaries in the development of their Brexit plan and the implementation thereof, i.e. assisting with the application for license with the FSMA
  • Advising Aedifica with a debt capital market transaction (€150 Mio treasury note program) arranged by Belfius Bank and BNP Paribas Fortis. The program was structured as a mix of short term and medium-term treasury notes
  • Advising a Belgian Fintech acting as liquidity provider for cryptocurrencies market. We assisted the Fintech in the drafting and negotiation of several cryptocurrencies loan agreement, taking into account the specificities and features of this new category of currency (escrow wallet, smart contract, etc)
  • Assisting one of the largest private banking institution of Switzerland in the setting up and marketing of a platform centralizing offering to 100,000 different investment funds, to be used by professional investors and local distributors around the world, for their own purpose or for the purpose of repackaging in fund of funds or unit linked policies. Our assistance related to complex investment services (MIFID) advice interrelated to alternative investment funds regulations
  • 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)
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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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Education

  • 2004 - University of Louvain-La-Neuve, UCL (Law Degree)
  • 2004 - Bar admission (Brussels, Belgium)
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18/12/2017
10 ques­tions about the new Bel­gian se­cur­ity in­terests re­gime
The re­form of the leg­al frame­work of se­cur­ity in­terests over mov­able as­sets was seen as long over­due. The trans­ition from the pre­vi­ous sys­tem, based on the dis­pos­ses­sion of the pledged as­sets, to a new...
June 2018
CMS in­tro­duces Private Place­ments on­line Ques­tion­naire
Private place­ments are in­creas­ingly be­ing used for debt fund­ing as an al­tern­at­ive to bank fin­an­cing Find the right one for you! The mar­ket of­fers a large num­ber of Private Place­ment (PP) products...

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06 April 2021
How to com­ply with the Bel­gian reg­u­lat­or’s re­quire­ments in the con­text...
In con­nec­tion with the entry in­to force on 10 March 2021 of the European reg­u­la­tion on sus­tain­ab­il­ity-re­lated dis­clos­ures in the fin­an­cial ser­vices sec­tor, the Sus­tain­able Fin­ance Dis­clos­ure Reg­u­la­tion...
21 April 2021
We­bin­ar Be­ne­lux In­sur­ance Bites
We are de­lighted  to in­vite you to our up­com­ing Be­ne­lux In­sur­ance Bites we­bin­ar tak­ing place vir­tu­ally on Wed­nes­day, April 21st from 12.00 – 12.45 CET. In this we­bin­ar, our ex­pert European in­sur­ance...
11 February 2021
Min­im­um con­tent of suit­ab­il­ity state­ments for re­tail cli­ents
On 26 Janu­ary this year, the FSMA pub­lished a com­mu­nic­a­tion on the "suit­ab­il­ity state­ment". This com­mu­nic­a­tion is of rel­ev­ance for reg­u­lated firms provid­ing in­vest­ment ad­vice to re­tail cli­ents as well...
13 January 2021
Bel­gian trans­ition­al re­gime for the UK in­sur­ance in­dustry
On 1 Janu­ary 2021, the Brexit trans­ition peri­od came to an end and the United King­dom (“UK”) of­fi­cially left the European Uni­on. The UK can now no longer en­joy the be­ne­fits of the in­tern­al mar­ket...
12/01/2021
CMS Bel­gi­um ad­vised Ec­cle­sia Group on the ac­quis­i­tion of Kegels & Van An­t­wer­pen
CMS Bel­gi­um ad­vised Ec­cle­sia Group, the Ger­man par­ent com­pany of Con­cor­dia, on the ac­quis­i­tion of An­t­werp based in­sur­ance broker Kegels & Van An­t­wer­pen. Through this ac­quis­i­tion Ec­cle­sia be­comes the fifth...
23/12/2020
CMS Bel­gi­um as­sisted Qover in the leg­al re­view and co­ordin­a­tion of its...
CMS Bel­gi­um’s Fin­an­cial Ser­vices team, headed by Ben­oît Vandervelde and in­clud­ing Florence Ber­chem and Anaïs Casteur, has as­sisted Qover in the leg­al re­view and co­ordin­a­tion of its part­ner­ship with...
03 December 2020
Dead­line ap­proach­ing for im­ple­ment­ing re­com­mend­a­tions on out­sourcing to...
In re­cent years, in­sur­ance and re­in­sur­ance com­pan­ies have taken an in­creas­ing in­terest in us­ing the ser­vices of cloud ser­vice pro­viders. This has led the Bel­gian Na­tion­al Bank to is­sue 15 re­com­mend­a­tions...
01 December 2020
CMS Ex­pert Guide to UCITS pass­port­ing
In­form­a­tion provided as of Decem­ber 2020.The UCITS Dir­ect­ive was es­tab­lished to har­mon­ise re­tail col­lect­ive in­vest­ment schemes in the EU through the in­tro­duc­tion of a com­mon in­vest­ment vehicle known as...
30/11/2020
CMS Bel­gi­um ad­vised BeAn­gels on its part­ner­ship with the Swiss In­vest­iere.ch.
CMS Bel­gi­um ad­vised BeAn­gels, a Bel­gian or­gan­iz­a­tion provid­ing sup­port and in­vest­ment for start-ups, in con­nec­tion with its part­ner­ship with the Swiss In­vest­iere.ch, which brings to­geth­er private in­vestors...
25 November 2020
Pop­u­lar in­vest­ment vehicles in Bel­gi­um
In­vest­ment vehicle FIIS (Fonds d’in­ves­t­isse­ment im­mob­iliers spé­cial­isés) 1. Form In­vest­ment un­der­tak­ing with fixed cap­it­al (SI­CAF) 2. Tax Treat­ment Derog­at­ory tax re­gime (as re­gards the tax base...
Comparable
May 2021
CMS Funds Glob­al Bro­chure
The world in which the in­ter­na­tion­al funds in­dustry op­er­ates is chan­ging at un­pre­ced­en­ted speed. The eco­nom­ic con­sequences of Cov­id-19 present a massive chal­lenge to some funds and an op­por­tun­ity to oth­ers...
20/07/2020
CMS Ad­vises EBRD on Re­new­able En­ergy In­vest­ment in Ukraine
CMS is proud to have ad­vised the European Bank for Re­con­struc­tion and De­vel­op­ment on an ap­prox­im­ately USD 13.9 mil­lion loan to Ukraine's Ir­shanska SES LLC, to sup­port the con­struc­tion and op­er­a­tion of...