We are happy to share that partner Philippe Campolini (Intellectual Property) and counsels Philippe De Prez (Banking & Digital Finance) and Martin Bassem (Real Estate & Construction) are considered as Next Generation Lawyers in the latest edition of the Legal 500.
L'avant-projet de Livre VI du nouveau Code civil, rédigé par la Commission de réforme du droit des obligations dont Rafaël Jafferali fait partie en qualité d'expert, a été rendu public par le Ministre de la Justice le 7 décembre dernier, de même que les avant-projets de réforme du droit des biens et du droit de la preuve.
Ces textes sont soumis à consultation publique jusqu'au 1er février 2018. Ils sont disponibles sur le site Internet du Service public fédéral Jusitce: https://justice.belgium.be/fr/bwcc
Pour toute information complémentaire, nous vous invitons à contacter Rafaël Jafferali
Simont Braun, which is the exclusive Belgian member of The Interlex Group, is proud to see this worldwide association of leading law firms ranked as “Elite” network by Chambers & Partners for the third year in a row.
The 2017 summary highlights Interlex’s “highly respected members” and praises that the association abides “by a strict acceptance and quality review policy, placing a strong focus on the personal relationships between member firms”.
Interlex has been ranked in the Elite category since Chambers & Partners began ranking networks.
Simont Braun is the exclusive member of The Interlex Group in Belgium. This association gathers leading law firms from all over the world that cooperate on a non-exclusive basis to provide a complete range of international legal services to their clients.
To rediscover Simont Braun’s rankings in Chambers 2017, click here.
Simont Braun has again achieved great results in the last edition of Legal 500, which recognizes and ranks the best law firms in more than 100 jurisdictions. We are also delighted to see more than 10 partners recommended:
- Intellectual Property: Tier 2 - Fernand de Visscher
- Dispute Resolution: Tier 2 - Sandrine Hirsch, Paul Alain Foriers, Caroline De Baets, Béatrice Thieffry, Jean-François Terlinden, Steven Callens
- Commercial, Corporate and M&A: Tier 3 - Sandrine Hirsch, Steven Callens, Axel Maeterlinck
- Banking, Finance and Capital Markets: Tier 3 - Vanessa Marquette, Sandrine Hirsch, Paul Alain Foriers
- Real estate and Construction: Tier 3 - Manuela von Kuegelgen
- Tax: Jacques Malherbe as Leading Individual
Discover all our rankings: Legal 500 rankings
In evolving to a Single Digital Market, the use of consumer data becomes more and more important for service providers. With regard to financial institutions, exploiting payment data is of particular interest, not only to reduce costs and improve product quality, but also to offer new and innovative financial services and, in general, an increased customer experience. The access to and the control over such data is therefore crucial.
One of the ways by which the EU legislator wants to promote this is by mandating banks to “open up the bank account” to external parties. This is often referred to as the ‘access to account’ rule (‘XS2A’) which is for instance embodied in the revised Directive on payment services in the internal market (“PSD2”).
Also from a consumer’s perspective, Europe wants to further strengthen a person’s control over his personal data and support the free flow of such data. This is one of the goals of the new General Data Protection Regulation (“GDPR”), and in particular the new “right to data portability”.
The GDPR applies from 25 May 2018. In order to bring further clarification for undertakings implementing it, the Working Party 29 (“WP 29”) recently published several guidelines. One concerned the right to data portability.
This article intends to give an overview of the most important points elaborated by WP 29 and, although the scope of this right concerns personal data in general, give particular attention to the portability of bank account information.
SIMONT BRAUN is pleased to announce that Jacques Malherbe has joined its tax department as Of Counsel on the 1st of January 2017 where he will be working next to Lievin De Wulf (Partner) and Martina Bertha (Of Counsel).
Jacques Malherbe has a well-known reputation in the field of tax law that he taught at the Louvain University from 1970 to 2005 and still at the moment in many universities abroad. He is the author of many publications. He advises Belgian and international clients on all aspects of tax law. Next to his advisory work, Jacques Malherbe is also involved in litigation and arbitration in tax and financial matters.
THIRD PARTY PAYMENT SERVICE PROVIDERS
Will banks become the infrastructure of the payment industry ?
Brussels, April 2016.
The new Directive on payment services in the internal market (“PSD2”) was published on 23 December 2015. Member states must transpose PSD2 into their national law before 13 January 2018.
Among many other features, PSD2 establishes a regulatory framework for two new players in the world of payment service providers: the “account information service providers” (the “AISPs”) and the “payment initiation service providers” (the “PISPs”).
Unlike traditional payment service providers, these new entities do not provide and service payment accounts for their clients. They merely facilitate and improve the way their users can manage their existing accounts provided by banks or other payment service providers.
This is why the AISPs and the PISPs are collectively referred to as “third party payment service providers” (“TP-PSPs”).
La réforme du droit français des obligations : contexte, méthode et résultats
Le droit français des obligations vient d’être réformé par voie d'ordonnace. Rafaël Jafferali organise à cette occasion une conférence à l’ULB qui se tiendra le 9 mars prochain à 18 heures, lors de laquelle la parole sera donnée au Professeurs Olivier Deshayes (Université de Cergy-Pontoise), ainsi qu’au Professeur Patrick Wéry (UCL) qui jouera le rôle de répondant pour le droit belge.
La conférence permettra de faire le point sur cette réforme ainsi que sur le choix de la méthode. Le débat portera sur l’opportunité de cette codification au vu du contexte européen, le choix de la voie (réglementaire/législative) ainsi que sur certaines des innovations proposées.
Plus d’informations sont disponibles dans le document ci-joint.
Simont Braun has set up a specific team, combining the relevant skills needed to help businesses address the legal challenges of new developments related to the financial industry. Projects such as mobile payments systems and devices, virtual currencies, alternative funding or lending, big data ventures, etc., require a multidisciplinary analysis from various legal perspectives: IT contracting and licensing, financial regulation, outsourcing, data privacy & security, etc.
For more information, please see the presentation document hereunder.