Dentons‘ banking and finance practice was bolstered in February 2025 by the addition of asset-based and project finance expert Tom Geudens, who joined from Lydian.
Banking, finance and capital markets in Belgium
Dentons
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Willkie Farr & Gallagher LLP
Willkie Farr & Gallagher LLP built out its Brussels finance practice with the arrival of Willem Van de Wiele from White & Case LLP. Van de Wiele brings a deep track record in finance and debt capital markets transactions.
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A&O Shearman
A&O Shearman offers notable borrower- and lender-side expertise in corporate lending, debt restructuring, real estate finance and leveraged finance matters. Practice head Yves Van Pul is relied upon by a host of financial institutions, private credit funds and corporations for his significant expertise in syndicated loans, debt restructuring and project finance, particularly within the renewable energy sector. On the capital markets front, Axel de Backer is well-regarded for depth of experience in sustainability-linked finance, equity-linked bonds, corporate bonds and regulatory capital management. Filip Tanghe possesses particular proficiency in financial services regulation, multi-jurisdictional trade financing and securitisation. Julie Vander Donckt supports on real estate and regulated sector finance.
Praxisleiter:
Yves Van Pul
Weitere Kernanwälte:
Filip Tanghe; Axel de Backer; Julie Vander Donckt
Referenzen
‘Proactive, trustworthy and able to propose practical solutions.’
‘Yves van Pul – reachable, down to earth with excellent expertise.’
‘A&O Shearman is the standard for banking and finance work in the Belgian market. Whether they act for the lender or for the borrower, they are the standard in terms of quality of service provided.‘
Kernmandanten
D’Ieteren Group
Cofinimmo
Shurgard
Goldman Sachs
J.P. Morgan
Celyad
KBC
Argenta Spaarbank
BNP Paribas Fortis
Belfius Bank
Elia
Titan Cement International SA
GIMV NV
Azelis Group
Alychlo
Smartphoto
Exmar
Roularta Media Group NV
Koinon
SVK
Home Invest Belgium NV
Immobel NV
Telenet
Liberty Global
ING
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Linklaters
Linklaters stands out for its project finance, credit restructuring and syndicated lending capabilities, with a particular focus on the energy sector. Practice head Arnaud Coibion is sought-after for his knowledge of M&A transactions, equity issuances and debt offerings by both public and private entities. David Ballegeer demonstrates a focus on sustainability-linked financing, particularly within the energy sector. Filip Lecoutre is a notable figure in IPOs and equity raises, while Anne-Sophie Vankemmelbeke is well-regarded for her strength in structured finance, securitisations and real estate financing. Tom Cobbaert, Thierry L’Homme and Evita Bassot are further key contacts.
Praxisleiter:
Arnaud Coibion
Weitere Kernanwälte:
David Ballegeer; Filip Lecoutre; Tom Cobbaert; Anne-Sophie Vankemmelbeke; Thierry L’Homme; Evita Bassot
Referenzen
‘David Ballegeer is an outstanding lawyer with a very vast experience in banking and finance matters. He really is a reference in his field and a very enjoyable person to work with.‘
‚Filip Lecoutre is a good lawyer who provides value to his clients.‘
‚Tom Cobbaert has very strong technical skills and manages his files in an excellent way. He is someone who can really be relied on.‘
Kernmandanten
Elia Group SA / Elia Transmission Belgium
Ethias SA
Solvay SA
UCB SA
Groupe Bruxelles Lambert SA/NV
Umicore NV
KBC Groep NV
KBC Securities NV
Sibelco NV/SA
Belfius Bank
Kartesia
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- Advised Elia Group on its €2.2bn equity raise.
- Advised Solvay SA on €1.5bn dual tranche bond issuance listed on the Euro MTF market of the Luxembourg Stock Exchange.
- Advised a syndicate of underwriters on TINC NV’s €113m rights issue.
Baker McKenzie BV/SRL
Baker McKenzie BV/SRL pairs banking and corporate finance expertise, demonstrating particular strength in acquisition finance, syndicated lending and real estate finance, as well as in IPOs, equity-linked transactions and private fund structuring. Michael Van Acker, who leads the banking and finance team, is experienced in leveraged finance, real estate finance and financial restructurings. Joren Jansseune is an expert in structured finance and securitisation. The corporate finance offering, headed up by Roel Meers, has a notable emphasis on the biotech and life sciences sectors. Koen Vanhaerents is experienced in both public takeovers and IPOs.
Praxisleiter:
Michael Van Acker; Roel Meers
Weitere Kernanwälte:
Joren Jansseune; Koen Vanhaerents
Referenzen
‘Very hands-on, professional, reactive and top-quality advice.‘
‚Out of the box thinking and solutions whenever required, a team you want to have at your side in any negotiation to be at ease and have your back.’
‘The team combines all the qualities one expects from a law firm: strong legal expertise, availability, creativity, pragmatism, discretion and innovation.‘
Kernmandanten
Adient
Alcentra
Agristo
Alexander Peter Wealth Management
American Express
Apheon
Arab Banking Corporation S.C.A.
Assuralia
Atos
Baloise Belgium NV
Bank Degroof Petercam
Bank Hapoalim
Belfius Bank NV
Berenberg
BNP Paribas Fortis NV
Caisse d’Epargne Hauts de France
Capricorn Partners NV
Clearstream
Cobelfret
Creafin NV
Credendo
Equilis Europe
Ergon Capital
Febelfin
Fidelity
Fortino Capital Partners
Galapagos
GIMV
HSBC Continental Europe
ING België NV
Ingram Micro
JP Morgan
KBC Bank NV
KBC Securities
Keppel Fund Management Limited
Lombard International Assurance
Mastercard
MDxHealth
Mollie B.V.
Natixis
N26 Bank
Orange
Pensioenfonds Metaal OFP
Pierre Marcolini
PMV Fund Management NV
Rabobank
Revive Fund Management NV
Sequana Medical
Sonian Holdings NV
Telenet
Toyota Financial Services
Traxys
Value Square NV
Van Lanschot Kempen
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- Advised BNP Paribas Fortis SA/NV as documentation agent and a club of lenders on the refinancing of an existing revolving facility of SD Worx by way of a new revolving and term loan facility.
- Advised a club of lenders with ING as coordinator and sustainability coordinator on the refinancing of a sustainability linked revolving facility for bpost.
- Advised TINC, on its €113.2m public offering with preferential subscription rights for the existing shareholders, and the admission of the new shares to trading on Euronext Brussels by way of the new Annex IX exemption process.
Clifford Chance
Clifford Chance covers the full transactional breadth of banking and capital markets mandates. Led by Lounia Czupper, the banking and finance team advise on complex cross-border acquisition finance, sovereign debt restructuring and structured finance mandates, with notable sectoral expertise in the energy, life sciences, and infrastructure sectors. Wim Aerts is recommended for his project finance expertise. The capital markets offering, headed by Niek De Pauw, regularly handles IPOs, secondary offerings and sovereign market issuances.
Praxisleiter:
Lounia Czupper; Niek De Pauw
Weitere Kernanwälte:
Wim Aerts
Referenzen
‘Lounia Czupper and her team have a very good knowledge of banking law, practices and regulators.‘
‘Lounia Czupper is very knowledgeable, calm and nice to work with. She understands the issues and can put them in perspective to deliver pragmatic advice.‘
‘Niek De Pauw is very experienced and has the most common sense in the business – good judgement – solutions oriented.‘
Kernmandanten
Publi-T
Azelis
Bank of America Securities
Syensqo
Deutsche Bank
Citibank
Royal Bank of Canada
Société Générale
JP Morgan
KBC Bank
ING Bank
Belfius
BNPPF
ABN AMRO
Proximus
HSBC Continental Europe
Elia Transmission Belgium
Tour des Finances
EQT
Ares Capital
Ekopak
Shurgard
EIB
Highlight-Mandate
- Advised JP Morgan as Global Coordinator and the other Joint Bookrunners with Bpost’s €1bn dual-tranche senior unsecured bond.
- Advised Azelis on its €1.7bn bond and loan refinancing.
- Advised Citibank, Royal Bank of Canada and Société Generale in relation to Blackstone Real Estate’s acquisition of an 80% stake in a c. €1bn pan-European logistics portfolio owned by the Johannesburg-listed Burstone Group.
DLA Piper
DLA Piper handles the full spectrum of debt financing transactions, with notable expertise in complex project finance mandates in the energy and infrastructure sector. The team acts for a broad roster of domestic and international banks, investment funds and financial institutions. Practice head Caroline Hoste specialises in public-private partnerships related to road infrastructure and energy projects. Pierre Berger handles a range of regulatory, debt restructuring and fund structuring work. Orestis Omran has developed a strong practice in the Greek market, demonstrating particular strength in financial regulatory matters.
Praxisleiter:
Caroline Hoste; Pierre Berger
Weitere Kernanwälte:
Orestis Omran; Sander Buysse
Referenzen
‘Caroline Hoste manages the team towards a pragmatic, solution oriented practice.‘
‘DLA Piper’s banking and finance team combines deep technical expertise with a pragmatic, solution-oriented approach. They are very responsive, commercial in their advice, and handle complex matters with clarity and efficiency.’
‘I’ve worked most closely with Sander Buysse, and I’ve always been impressed. He is clear, reliable, and very pragmatic in his advice. He quickly gets to the heart of an issue and is a real pleasure to work with.’
Kernmandanten
ING Belgium
Belfius Bank
Willemen Groep
National Bank of Greece
Piraeus Bank
Alpha Bank
Eurobank
Jan De Nul NV
Stadsbader Invest NV
ArcelorMittal
BESIX Group NV/SA
BNP Paribas Fortis NV/SA
KBC Bank NV
Concord Music Royalties, LLC
Corum SCPI
Equans NV
Fasanara Capital Limited
GLP PF UK Management Limited
I4B
School Invest NV
SD Worx
Tifosy Capital Advisory
Tikehau Investment Management
Weerts Group
WorxInvest NV
Etablissementen Frateur-De Pourcq NV
Taveirne Algemene Ondernemingen NV
HSBC UK Bank PLC
Optima bank S.A.
Qualco Intelligent Finance
Intrum Hellas
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- Advising a consortium including Jan De Nul NV in connection with the €1.25bn redevelopment PPP project of DBFM “RO Noord Zone Zaventem”, procured by de Werkvennootschap.
- Advising JPMorgan Chase’s Office for Legal Obligations on regulatory mapping and obligation drafting across EU and Belgian legislation.
- Advised Optima bank on the establishment of a €500m Euro Medium Term Note Programme and inaugural issuance of €150m Tier 2 Reset Notes due 2035 thereunder.
Eubelius
Eubelius specialises in advising on borrower-side mandates, particularly concerning real estate and project finance. Led by the quartet of Lars Van Bever, Joris De Wolf, Thomas Donnez, and Matthias Wauters, the team acts for notable clients in the domestic real estate market and also demonstrates expertise in debt capital issuances for US-based clients. Also on the capital markets front, the team covers a range of secondary issuances, including rights issues and accelerated bookbuildings. Eva Milants supports the team on capital markets mandates.
Praxisleiter:
Lars Van Bever; Joris De Wolf; Thomas Donnez; Matthias Wauters
Weitere Kernanwälte:
Eva Milants
Referenzen
‘Very professional, always reachable and a strong knowledge of the files and documents.’
‘Thomas Donnez has strong knowledge, was always available for additional questions and was able to explain complex documents in an easy way.
‘Eubelius stands out for its exceptional technical expertise combined with a pragmatic and solution-oriented approach.‘
Kernmandanten
Warehouses De Pauw
Gilead Sciences, Inc
Ghelamco
Atenor
Puratos
Besix Unitec
Nextensa
Extensa Group
Indaver
Denys
Alheembouw
Kymera International
Retail Estates
Highlight-Mandate
- Assisting Ghelamco with the redemption of bonds listed on Euronext Brussels and on the Regulated Market of the Luxembourg Stock Exchange.
- Assisted Atenor in relation to its €45m capital increase through a Private Investment in Public Equity.
- Assisted Gilead in Galapagos’ demerger into two listed entities.
Loyens & Loeff
Loyens & Loeff covers an array of transactional and regulatory work, including energy and infrastructure project finance, real estate finance and syndicated lending. Practice head Marc Vermylen possesses substantial experience in secured financing and asset-based lending. Vanessa Marquette is a key contact among major European financial institutions and offers expertise in cross-border finance transactions, Koen Panis focuses on energy project finance matters, and Sarah Libregts stands out for her securitisation expertise. Pieter Verheyen supports the team on project and real estate finance mandates.
Praxisleiter:
Marc Vermylen
Weitere Kernanwälte:
Vanessa Marquette; Koen Panis; Sarah Libregts; Pieter Verheyen
Referenzen
‘The team has a unique technical knowledge coupled with a great network. Their impressive track record gives us confidence when working with them.‘
‘Marc Vermylen is a cornerstone within the team. He is focused, dedicated and always provides excellent advice.’
‘Great competent team, readily available and constructive and pragmatic feedback. A lot of industry knowledge in-house.’
Kernmandanten
Wilmington Trust Limited
Accell Group
Aurelius
Banque de Luxembourg
Energy Solutions Group
European Investment Bank
Crédit industriel et commercial
Natixis
Société Générale
Alchemy Step Hotel Group
Belfius
Participatiemaatschappij Vlaanderen
Storm Management
Landesbank Hessen-Thüringen Girozentrale
AAC Capital
H.I.G. Capital, LLC
Standard Investment
Bridgepoint Credit
Stada Arzneimittel AG
Infopro Digital Group
International Swaps and Derivatives Association
Bundesverband Deutscher Banken
European Banking Federation
Clarity Capital Services NV
Jefferies LLC
EIG
Altria Group, Inc.
Stada Arzneimittel AG
Infopro Digital Group
International Swaps and Derivatives Association
Highlight-Mandate
- Advised Energy Solutions Group on the €85m financing of Belgium’s first large-scale battery energy storage system.
- Advised European Investment Bank on a €200m credit facility to SRIW to support SME and mid-cap financing in Wallonia.
- Assisted a real estate company with the real estate financing of over 50 properties in Belgium by a syndicate of banks.
NautaDutilh
NautaDutilh is regularly entrusted to handle complex domestic and cross-border transactional mandates. The finance team, led by Thibaut Willems, regularly handles project finance, structured finance, acquisition finance and asset-based lending matters. The capital markets team is headed by Philippe Remels and assists on a range of debt and equity transactions. Remels and Ivan Peeters advise a host of public listed companies, financial institutions and real estate companies on bond issuances, securitisations, IPOs and accelerated bookbuilds.
Praxisleiter:
Thibaut Willems; Philippe Remels
Weitere Kernanwälte:
Ivan Peeters
Referenzen
‘Strength of the team is the thorough and dedicated intake of a file and the thorough and substantive results-oriented commitment.’
‘Ivan Peeters is an eloquent counselor.‘
‘Ivan Peeters is a very good lawyer: he knows his clients, has a very in-depth knowledge of the law/regulations and the business of the client.‘
Kernmandanten
ABN AMRO
Aedifica
AG Real Estate
Bayerische Landesbank
CWT
Deutsche Bank
ENGIE
INEOS
Invesis
Macquarie
Nyxoah
Highlight-Mandate
- Assisted the lenders with the Belgian law aspects of Powerdot’s €165m green financing
- Assisted a syndicate of initial purchasers in Embracer Group’s €900m financing
- Assisted managers ABN AMRO, Belfius, LBBW, and Natixis with issuance of €1.5bn Belgian mortgage bonds
Stibbe
Stibbe is regularly entrusted to advise on high-value and complex leveraged finance, project finance as well as high-yield bond issuances and securitisations. Practice co-head Wouter Ghijsels has expertise in syndicated lending and leveraged buyouts, while fellow co-lead Pieter Nobels specialises in debt capital markets transactions, advising on both public and private bond issuances. The equity capital markets team is led by Jan Peeters, who has experience handling complex IPOs, public takeovers bids and public-to-private transactions. Pascal Vanden Borre is a further equity capital markets expert.
Praxisleiter:
Wouter Ghijsels
Weitere Kernanwälte:
Pieter Nobels; Jan Peeters; Pascal Vanden Borre
Referenzen
‘Availability and approachability.‘
‘Wouter Ghijsels is always available and willing to provide our internal legal team with the help we need.’
Kernmandanten
Aedifica
AG Real Estate
Aim.group
Apollo Asset Management
Aquafin
Befimmo
Belgian Resilience Fund Management, managed by Tikehau
BNP Paribas Fortis
BNP Paribas
Brookfield Asset Management
Cibus Nordic Real Estate
European Investment Bank
JP Morgan Chase
KKR
Maguar Capital
Highlight-Mandate
- Advised Palex Medical on the finance package for the acquisition of Duomed.
- Assisted P. Van de Velde group on its financing and equity arrangement with Kartesia.
- Assisted the Initial Purchasers, including Goldman Sachs Bank Europe SA, with the issuance of €400m Senior Notes by Ontex Group NV.
ARGO Law
ARGO Law handles a range of work including IPOs, bond issuances and borrower-side finance transactions for private equity funds. In the capital markets sphere, the team is particularly experienced in public takeover mandates, while the banking and finance team is skilled at handling acquisition finance and asset-backed finance matters. Nico Goossens has both transactional and contentious experience, with particular expertise in capital market issues. Pieter Bogaerts specialises in asset-backed finance transactions. Francis Wijnakker, who joined in June 2025 from Linklaters, focuses on acquisition finance mandates. The three co-head the practice.
Praxisleiter:
Nico Goossens; Pieter Bogaerts; Francis Wijnakker
Referenzen
‘Francis Wijnakker is an excellent, well-connected finance professional. Knows his domain inside out. Very responsive and pleasant to work with.’
‘Pragmatic and top-notch expertise and advice.’
‘Very customer-oriented and solutions driven, they really listen to what we want to achieve and then find the best possible way to get there.‘
Kernmandanten
CMB.TECH
CMB
Smartphoto Group
Gimv
Waterland Private Equity Investments
Bencis Capital Partners
Strada Partners
Equine Care Group
Anchr
VGP
ING Belgium
Highlight-Mandate
- Advised CMB.Tech NV on the share-for-share merger with Golden Ocean Group Limited merging into CMB.TECH Bermuda Ltd. Additionally, advised on its financing arrangements in connection to this transaction for an amount of $1.4bn.
- Advised VGP NV on its issuance of €500m green bonds with Belfius, BNP Paribas, J.P. Morgan and KBC Bank acting as joint bookrunners.
- Advised Ardo Foods on the amendment and restatement of its €430m existing bank financing.
CMS
Acting for a broad roster of domestic and international banks and financial institutions, CMS covers a range of transactional, regulatory and debt restructuring work, with notable expertise in real estate, receivables, commodities and acquisition finance. Complementing his skill in debt capital markets mandates, practice head Benoît Vandervelde demonstrates experience advising both lenders and borrowers on high-value financing arrangements. Bruno Duquesne specialises in real estate finance, while Arnaud Van Oekel is experienced in acquisition finance work.
Praxisleiter:
Benoît Vandervelde
Weitere Kernanwälte:
Bruno Duquesne; Arnaud Van Oekel; Catherine Matton
Referenzen
‘The law firm is characterised by a pragmatic approach and excellent availability.’
‘Bruno Duquesne stands out for his very thoughtful approach and his excellent ability to present complex issues in a simple way.‘
‚Catherine Matton stands out for her calm manner and her ability to keep a clear head even in stressful situations.’
Kernmandanten
Belgian Federal Region of Wallonia
ING Bank
Pricoa Private Capital
Colas
Hokodo
AG Real Estate and Atenor
Société Générale
Helaba
Deutsche Bank
Natixis Bank
Munchenerhypotheekbank
Highlight-Mandate
- Advised the Belgian Federal Region of Wallonia with for the increase of its €25bn EMTN programme to €30bn and several benchmark issuances of Social Notes.
- Advised Pricoa in the issuance of Senior Unsecured Serie B Notes with a 10-year bullet maturity, under “US private placement” format.
- Advised Société Générale as lender in the €700m revolving credit facility to Proximus, arranged by BNP Paribas and KBC and ING acting as Agent.
Fieldfisher
Fieldfisher acts for private equity funds, financial institutions, real estate companies and corporates across leveraged and acquisition finance, real estate finance and project finance matters, particularly in the renewable energy and infrastructure sectors. The team is led by Sofie Heremans, who offers ‘knowledge’ and ‘experience’ across the finance and restructuring space. A further key contact is Dennis Lievens, who brings a ‘strategic and commercially-minded approach’ to project finance, PPP, and real estate finance matters.
Praxisleiter:
Sofie Heremans
Weitere Kernanwälte:
Dennis Lievens
Referenzen
‘Good service, high quality, excellent communication. A perfect recipe.’
‘Dennis Lievens is a top notch professional who communicates well and also focuses on the goal to be achieved’
‘Hands on team with specific expertise in our niche sector. Dedicated and capable of advising on highly complex transactions while ensuring smooth and quick collaboration with other project parties.’
Kernmandanten
3D Investors
Baltisse
BeeBonds
Belfius Bank
Besix Group NV
Billtrust
BNP Paribas Fortis
Creafund
Commercial Bank of Dubai
Deutsche Hypo / Norddeutsche Landesbank
Dovesco
Elewan Energy
Emera
Energy Solutions Group
Epico²
German Pfandbriefbanken Association
Gigarant
Greenpulse
ING Belgium NV/SA
Junction for Growth Capital
KBC Bank
Mezzanine Partners
Parte Group
Participatiemaatschappij Vlaanderen
pppconnect
Rebelvalley B.V.
Sereni Group
Sibelco
Sigmaroc
SOFINDEV
Swen Capital Partners
SynPet NV
Tenax European Credit Fund
TINC
Wallonie Entreprendre
Waterland
Highlight-Mandate
- Advised Sigmaroc plc on the €875m acquisition finance for the reverse takeover of New York-listed limestone producer CRH’s European Lime Perimeter and the subsequent take out of bridge financing.
- Advised KBC Bank NV and Belfius Bank NV, as lead counsel, on a €33m long-term project financing for PanTera, backed in part by a guarantee of Gigarant NV, for the development of a new production facility in Mol.
- Advised KBC Bank NV (senior lender) and Wallonie Entreprendre SA (junior lender) on the €85m project financing of the development by Energy Solutions Group of a 75 Megawatt, 300 MWh battery energy storage system in Harmignies, in the Walloon region
Hogan Lovells International LLP
Hogan Lovells International LLP is highly proficient in handling transactional and regulatory work, in both the debt capital markets and finance segments. The team handles a wide range of mandates, including syndicated lending, leveraged and acquisition finance, real estate finance and bond issuances. The team is additionally skilled in advising on fund formation and structuring. Practice head Philip Van Steenwinkel is a highly sought-after transactional expert, with noted experience in asset-based lending and debt capital markets issuances.
Praxisleiter:
Philip Van Steenwinkel
Weitere Kernanwälte:
Alexander Tanguy; Charles-Henri Bernard
Referenzen
‘They are reliable, pragmatic, and commercially minded lawyers who focus on what truly matters to their clients. They are also a pleasant and constructive team to work with.’
‘In my experience, they approach matters with professionalism and a clear understanding of the commercial context.’
‘Great collaboration with Philip Van Steenwinkel and his team, who is at the same time knowledgeable and pragmatic.’
Kernmandanten
Permira
Apollo
Ardian
Partners Group
ICG
KBC
Belfius
ING
BNP Paribas Fortis
Commerzbank
Goldman Sachs
Blackrock
Société Générale
DNB
Deutsche Bank
Euroclear
Angelini Ventures
Communauté française de Belgique
Axus
Leaseplan
Highlight-Mandate
- Assisted ICG on their first two real estate financing operations in Belgium.
- Represented Euroclear Investments in respect of its consent solicitation for its €600m Notes issuance due 2026 and the substitution of Euroclear Investments by Euroclear Holding as issuer of 3 issuances (2030, 2048 and 2051) in the context of a reorganisation of the Euroclear group structure.
- Represented Permira, Ardian and Partners Group on the Hg-back investment structure in Induver and Clover.
Jones Day
Jones Day covers the full gamut of transactional, litigation and regulatory services in the banking and finance space, with experience acting for both domestic and international corporations, financial institutions and private equity funds. Co-headed by Ferdinand Brughmans and Michèle Grégoire, the team’s expertise includes complex leveraged and project finance transactions. Matthieu Duplat leads the capital markets offering and handles debt and equity-linked issuances as well as public takeovers.
Praxisleiter:
Ferdinand Brughmans; Matthieu Duplat; Michèle Grégoire
Referenzen
‘Jones Day has an excellent banking practice and the team around Michèle Grégoire is one of the best within the Brussels market. The practice characteristics are scientific, high-level and hard-working.’
‘Michèle Grégoire handles the matter herself with an excellent team and her analysis reflects the top quality of her team.’
‘Available to discuss with clear knowledge on subject matters. Never the bottleneck in a transaction and process.’
Kernmandanten
Belfius Bank
Belgian Debt Agency (representing the Kingdom of Belgium)
BNP Paribas Fortis
Buysse & Partners
CBC Banque
Confédération nationale du crédit mutue
Deutsche Bank
Deutschsprachige Gemeinschaft Belgiens
Euroclear
The Flemish Community
FN Browning Group
ING Belgium
Joh. Berenberg, Gossler & Co.
KGKBC Bank
Morgan Stanley & Co. International plc
Rabobank
Triodos Bank
UCB S.A
Highlight-Mandate
- Advised Belfius Bank, ING Belgium and KBC Bank on the €100m sustainability-linked financing provided to Belgium-based D’Ieteren Immo.
- Assisted financial institutions with the issuance of a 10-year benchmark €7bn 3.100%OLO by the Kingdom of Belgium.
- Advising Confédération nationale du crédit mutuel on prudential requirements under European Banking Union and on supervisory powers of European Central Bank.
Liedekerke
Through its banking and finance and capital markets offerings, Liedekerke is a key contact among financial institutions, corporates, and private equity players. Banking practice head Freya Mareels leads on leveraged and corporate finance, real estate finance, and asset-based lending. Thomas Vanthournout demonstrates a strong track record in acquisition finance matters. The capital markets team, headed by Wim Dedecker, handles IPOs and secondary issues, as well as a range of debt transactions including bond issues, securitisations and accelerated bookbuilds.
Praxisleiter:
Freya Mareels; Wim Dedecker
Weitere Kernanwälte:
Roel Fransis; Thomas Vanthournout
Referenzen
‘Liedekerke offers comprehensive advice in the field of banking, finance and capital markets, offering clients both technical precision and commercially minded solutions.‘
‚They are well organised and particularly adept at handling a high volume of banking and financial market cases, as well as a full range of complex cross-border financial transactions and regulatory matters.’
‘Freya Mareels stands out for combining sharp technical expertise in banking and finance with a pragmatic, solution-oriented approach.‘
Kernmandanten
Siparex
IDI SCA
ING Belgium
Belfius Bank
BNP Paribas Fortis
Fronnt Group
Odontolia Group
Macquarie Bank Europe DAC
MUFG Bank
Balta Industries NV
Fortress Investment Group
Lloyds Bank PLC
Highlight-Mandate
- Advises Siparex on unitranche financing provided by Eurazeo Private Debt for its investment in WVT Industries and Roam Technology.
- Assisted IDI SCA with the €83m financing, by way of a syndicated senior facilities agreement with ING Belgium and Belfius Bank, of the acquisition of the Intersoft Electronics group from Waterland Private Equity.
- Advised Fortress Investment Group, the reference shareholder of Celyad Oncology SA, in connection with a private placement of 3,333,333 newly issued shares by Celyad, fully subscribed by Fortress.
Van Bael & Bellis
Van Bael & Bellis is well-equipped to handle complex transactional work, with particular expertise in handling high-value project finance mandates in the energy and infrastructure sectors. The practice is headed by Johan Mouraux, who is relied upon by infrastructure sector clients for his project finance, leveraged finance and restructuring expertise. Cedric Hauben is also sought-after for his experience in project and leveraged finance mandates, particularly within the renewable energy sector.
Praxisleiter:
Johan Mouraux
Weitere Kernanwälte:
Cedric Hauben
Referenzen
‘Johan Mouraux has great business sense and therefore can quickly grasp a client’s needs or ask additional questions to understand the client’s needs.’
Kernmandanten
Altano Group
Baxter World Trade
Belgian Eco Energy
Boortmalt
Council of Europe Development Bank
ING Belgium
International Capital Market Association
I4B – The Belgian Infrastructure Fund
Jan de Nul
Luminus
SPI.R0
TriplePoint Capital
VGP
Highlight-Mandate
- Advised SPI.R0 on all aspects related to the investment in and €360m syndicated senior financing of the DBFM-based reconstruction project relating to the Brussels Ring Road intersection near Zaventem national airport (R0 x A 201).
- Advised I4B – The Belgian Infrastructure Fund and Luminus on senior development financing of a battery energy storage system installation to be constructed in the Walloon region.
- Assisted Baxter as local counsel with the amendment and restatement of its ca. $2.2bn credit agreement concluded with an international banking consortium led by JP Morgan Chase.
White & Case LLP
White & Case LLP handles a range of cross-border financing arrangements, debt restructurings and financial regulatory mandates for a host of corporates, sovereigns, financial institutions and asset managers. The team has been bolstered by the arrival as practice head of Christophe Wauters, who joined from Cleary Gottlieb Steen & Hamilton. Wauters is a noted debt financing expert with experience handling sovereign debt financing, project finance and syndicated lending matters. Willem Van de Wiele left the firm in May 2025.
Praxisleiter:
Christophe Wauters
Weitere Kernanwälte:
Thierry Bosly; Carlo Meert
Kernmandanten
Apollo Global Management
BNP Paribas
BPCE Group
Cobepa
Crelan
CVI Investments
Deutsche Bank
EIB
Eurazeo
Flemish Government
Ghelamco
Goldman Sachs
IK Partners
ING
J.P. Morgan
KBC
Morgan Stanley
Société Générale
Highlight-Mandate
Ashurst LLP
Ashurst LLP is experienced in handling complex cross-border transactions, with strong expertise in acquisition finance, structured finance, debt restructuring and bankruptcy transactions. The team regularly acts for both domestic and international financial institutions. Arnaud Wtterwulghe, who leads the practice, possesses experience advising on a range of matters, including corporate lending, real estate finance, securities and derivatives. Maxime Nuyts supports the team.
Praxisleiter:
Arnaud Wtterwulghe
Weitere Kernanwälte:
Maxime Nuyts
Referenzen
‘We very much like to work with the team, and everyone, including associates and partners, are very responsive and get things done efficiently.’
‘Maxime Nuyts is a very talented associate.‘
Kernmandanten
Goldman Sachs
Citibank
Barclays
Equals Group plc
Sumitomo Mitsui Banking Corporation
HSBC
BNP Paribas
Jefferies GmbH
Natixis S.A.
NatWest
ANZ Bank
Intermediate Capital Group
Bank of America
CBOE Clear Europe N.V.
Dexia
Nomura
UBS
STIF
Highlight-Mandate
- Advised an ad hoc group of first-lien and second-lien term lenders and third-lien note-holders to Oregon Tool, Inc. in connection with new money, maturity extension and refinancing exchange transactions.
- Advised Bondholders‘ Steering Committee in Atos‘ financial restructuring.
- Advised several large international banks on their secured instruments programmes and on the consistency of the terms of their issuance programmes with the Belgian Code of Economic Law and, in particular, the provisions in respect of unfair terms.
Deloitte Legal
Deloitte Legal has a broad offering covering structured, asset-based and sustainable finance, as well as bond issuances, public offerings and private placements. Laurent Godts specialises in transactional finance mandates, including syndicated lending, project finance and structured finance; Astrid Delanghe focuses on assisting listed companies, with experience advising on public offerings and private placements; and David Roelens is equally proficient in advising on capital markets issuances and real estate finance.
Praxisleiter:
David Roelens; Laurent Godts; Astrid Delanghe
Referenzen
‘Although the matter is highly technical, the team was able to provide sufficient context, allowing the client to make informed and tactical decisions.’
‘Accessible and open communication between management and partners. Proactive and empathic thinking.’
Highlight-Mandate
- Advised ING Belgium SA/NV and Van Lanschot Kempen N.V. as Joint Global Coordinators’ counsel on the €153m capital increase of Montea NV.
- Advised ICLH and VMAG on multiple amendments and expansions to a €392m borrowing base facility, including a €75m commitment increase and a €150m senior facilities agreement to support Belgian acquisitions and green term loans.
- Advised Milcobel on a cooperative share offering, a €166m syndicated acquisition financing, and the carve-out and sale of its ice cream business in a multi-jurisdictional setting.
Simmons & Simmons
Simmons & Simmons acts for both lenders and borrowers, with experience handling complex cross-border finance transactions across the mining, energy, private equity and financial institutions sectors. Practice head Eric Blomme demonstrates a strong track record in acquisition, real estate and trade and export finance. Martin Carlier specialises in handling regulatory matters, with particular expertise in insurance sector regulatory issues.
Praxisleiter:
Eric Blomme
Weitere Kernanwälte:
Martin Carlier
Referenzen
‘Think outside of the box.’
‘Pro-active and constructive thinking.’
‘Very happy with the flexibility and expertise shown during the entire process.’
Kernmandanten
ABN AMRO Bank N.V.
Belfius Bank SA/NV
Caisse d’Épargne et de Prévoyance Hauts de France
Euroclear SA/NV
Goldman Sachs
HSBC Continental Europe
ING Belgium SA/NV
J.P. Morgan Chase & Co.
KBC Bank NV
Morgan Stanley
NatWest Markets
PGGM
Rabobank
Highlight-Mandate
- Advised Traxys as lead counsel on the refinancing of their $1.815bn flagship multicurrency syndicated borrowing base credit facilities.
- Advised ABN AMRO Bank N.V. on the green refinancing of the Woluwe Shopping Centre, involving listed Belgian borrower Eurocommercial Properties.
- Advised Argenta on its €800m Residential Mortgage-Backed Securities transaction, Golden Apple 2025-I NHG.
AKD
AKD‘s growing banking and finance offering draws on Antoine De Raeve and Jan Missoul‘s longstanding experience in the space, with the pair advising on leveraged finance, project finance, and trade and export finance matters.
Praxisleiter:
Antoine De Raeve
Weitere Kernanwälte:
Jan Missoul
Referenzen
‚High end, to the point and top legal expertise.‘
‚The lawyers possess a wealth of experience accumulated over many years of dedicated practice and consistently deliver transactional advice of the highest professional standard.‘
‚As a client, what I value most about this team is the level of partner involvement. The partners here are truly hands-on and always available, which gives me confidence that key issues are being addressed quickly and with real expertise.‘
Kernmandanten
Morgan Stanley
KBC Bank
Belfius Bank
ING Belgium
BNP Paribas Bank Polska
Castleforge
Permira
Ghelamco
POWr Group
Passport Belgium
Mentha Capital
Human8
Greenyard
PMV – Participatiemaatschappij Vlaanderen
pppconnect
Varadero Capital
HSBC UK Bank
Jaga Group
Skill Dynamics
Highlight-Mandate
- Acted for Passport Belgium and Korean real estate fund United Partners in the refinancing of the development of the high-profile Passport Building at Brussels Airport, a strategic asset in Belgium’s largest airport hub.
- Advised pppconnect (a joint venture between EPICo² and Rebel Energy & Infra Developers) on a comprehensive cooperation and financing framework with Ethias, covering a pipeline of public-private partnership (PPP) projects across Belgium.
- Advised KBC Bank and Belfius Bank on a Credendo-backed export credit facility to South Energyx to finance dredging works performed by the DEME group on the Eko Atlantic project in Nigeria.
ALTIUS
ALTIUS is well-equipped to handle financial restructuring, structured finance, acquisition finance as well as regulatory advisory matters. The team advises both borrowers and lenders across the retail, technology, finance and manufacturing sectors. Practice head Audrey Zegers specialises in the regulatory aspects of banking and financial services matters, with experience advising on MiFID II. Alias Nys focuses on the payments industry, with experience handling fund formation mandates.
Praxisleiter:
Audrey Zegers
Weitere Kernanwälte:
Alias Nys
Referenzen
‘They are very knowledgeable, responsive and quick in their legal advice.‘
‚Matters with time pressure were handled very well, with efficiency and with excellent outcomes.’
Kernmandanten
AED Group
Amplience
Artan Hospitality / Murs d’Artan
Barclays Bank Plc
Besix Group
Commerzbank AG
Cosway Sports Belgium NV
Crisp
Deutsche Invest Mittelstand GmbH
Dorel Belgium NV
Hilco Capital
JPMorgan Chase Bank, N.A.
LEEN BAKKER BELGIE NV
Les Nouveaux Ateliers de la Meuse
LME Clear
NUMA Group
OneSpan
ONEtoONE Finance Benelux
Palmira Capital Partners
Polyvision NV
Royal Bank of Canada
TI Automotive
Three Point Capital
Triple-M & Rock-it Cargo EU Holdings
Triple Point Advancer Leasing Plc
Velleman Group / Properties Legen Heirweg
Highlight-Mandate
- Advised LEEN BAKKER in its negotiation of its financial restructuring with Rabobank and ING.
- Assisted US listed group OneSpan in negotiating its new financing with MUFG.
- Assisted Dorel in closing its receivables financing deal with FGI Worldwide LLC.
Cleary Gottlieb Steen & Hamilton
Cleary Gottlieb Steen & Hamilton is highly sought-after among blue-chip corporate clients, international private equity funds, financial institutions and sovereigns. A core area of focus is the capital markets space, where Laurent Legein and Marijke Spooren demonstrate experience handling high-profile IPOs and equity-linked bond issuances. Christophe Wauters left the firm in October 2025.
Weitere Kernanwälte:
Laurent Legein; Marijke Spooren; Jean‑Sébastien Rombouts
Referenzen
‘The team is among the most robust in the market, excelling in both legal expertise and strategic insight. It stands out for its deep understanding of the sector, key issues, and the unique characteristics of its clients. The team is highly attentive to client needs and offers reliable advice.’
‘Laurent Legein stands out for his exceptional legal and strategic acumen, as well as his strong interpersonal skills. His extensive expertise and experience across various domains are noteworthy.‘
‚Laurent Legein excels in communication and maintains transparency in his client relationships, prioritising long-term trust.
Kernmandanten
OVH Groupe
CMA CGM
Axéréal
Belron
Infinite Electronics
The Republic of Côte d’Ivoire
The Republic of Benin
The Republic of Togo
Qair International SA
Port Autonome de Cotonou
Institut Pasteur Dakar
The Republic of Senegal
Goodyear
Attestor
Goodyear
Louis-Delhaize
Ontex
Showpad
Solvay
Vandemoortele
Collibra
BNP Paribas Fortis
bpost
Infrabel
ArcelorMittal
Eurofima
Société des Pétroles du Sénégal
The Republic of Congo
Aéroport International Blaise Diagne
Highlight-Mandate
- Advised OVH Groupe in the financing of its public share buyback offer and the refinancing of its existing indebtedness, as well as in connection with its debut high-yield bond offering, as part of OVH’s diversification of its sources of funding.
- Advised Axéréal in its €1.9bn secured refinancings, allowing the ringfencing of its malt and non-malt businesses.
- Advised the Republic of Côte d’Ivoire on a €400m debt-for-development swap backed by the World Bank.
Lydian
Lydian offers a wealth of experience acting for major domestic and multinational lenders and sponsors on high-value finance transactions. Standing out for his ‘extensive experience’ and ‘extremely pragmatic’ approach, Pieter-Jan Leemen heads the team. Leemen brings a deep track-record concerning energy and PPP project finance, asset-based finance, and syndicated lending. Tom Geudens left the firm in March 2025.
Praxisleiter:
Pieter-Jan Leemen
Referenzen
‘Pieter-Jan Leemen’s practice has a very wide scope and is extremely available and very experienced and pragmatic.‘
‘Pieter-Jan Leemen has extensive experience. He is very approachable and extremely pragmatic.’
‘Under Pieter-Jan Leemen’s leadership, Lydian’s banking and finance practice has become a dynamic and trusted partner for both domestic and international financial matters.‘
Kernmandanten
AIG Europe Ltd
Allianz Global Corporate
Deutsche Bank Capital Markets
Société Générale
Crédit Agricole
HDI-Gerling Verzekeringen NV
Financial Insurance Company td. c/o AXA
Amlin Insurance SE
Zurich Insurance Plc
CNA Insurance Company Ltd
Royal & Sun Alliance Insurance (Global)
Aon Belgium BVBA / Aon Consulting Belgium NV
Ergo Insurance NV
Ethias SA
Belfius Bank NV
Baloise Belgium NV
AEGON NV
Qover NV
P&V Verzekeringen CVBA
SEB Life International Assurance Company
Dual Corporate Risks Ltd.
ARAG SE – Branch Belgium
DAS Belgische Rechtsbijstandsverzekering
FWU Life Insurance Luxembourg S.A.
Hiscox Europe Underwriting Limited
STIB-MIVB
TVM België N.V.
Liberty Mutual Group
Beluga Insurance Solutions NV
Alta Signa Group
Immoweb Financial Services SA
Arval
DKV
CME
Merian
SNS Bank
Federale Pensions
PMV
BTMU
Adams Street Partners
N26 Bank
TD Securities
White Rock Insurance
ANZ Bank
Mercedes
Royal Bank of Canada
Argenta Bank
Lufthansa Airplus
KBC Bank NV
Bank of America
Deutsche Bank
Commerzbank
Wells Fargo
National Westminster Bank
Equistone
United Rentals
Burgo Ardennes SA
Hitachi Capital
TMF Group
ABN Amro Bank N.V.
Bank of Montreal
ING Bank N.V.
Highlight-Mandate
- Advised Luminus on the financing of its 150 MW / 600 MWh battery energy storage park in Navagne (Visé), Belgium.
- Advised ABN Amro on a senior and mezzanine financing for the online supermarket Crisp.
- Advised the TSG group on a €735m secured financing transaction.
Monard law
Monard law offers a broad team across the banking and finance space. Jean-Pierre Buyle focuses on banking and financial services disputes. André-Pierre André-Dumont pairs knowhow in banking sector disputes with a core focus on financial sector regulation. On real estate and project finance mandates, Stefaan Van Dyck is a key contact. Laurent Cloquet specialises in market authorisation, regulatory obligations, and sanctions issues.
Praxisleiter:
Jean-Pierre Buyle; André-Pierre André-Dumont; Stefaan Van Dyck; Laurent Cloquet
Weitere Kernanwälte:
Lara Degeest; Armelle Zaluzec
Referenzen
‘Expertise and competence.‘
‘The availability of the team.’
‘Excellent banking and finance team.’
Kernmandanten
BNP Paribas Fortis
Quanteus group
ING Bank
KBC Bank
AION
Keytrade Bank
Bank Nagelmackers
BIL
Belfius Bank
Citibank NA
Jan De Nul
Democo
ZNA
Merit Capital
Crelan
Beobank
AXA Bank
BNP Paribas Leasing Solutions
Freedelity
Lombard Odier
Stevens & De Munter
ABN Amro
Belfius Insurance
Architas
Indosuez Wealth Management
Alena
Wehave
Phoenix Capital
Aiia
Bank Pictet & Cie AG
Kairon Labs BV
Highlight-Mandate
- Assisted KBC Bank and BNP Paribas Fortis as lenders’ legal advisor in the context of the bidding and design phase for the first lot of 27 new school buildings to be developed in the Flanders Region in Belgium as part of the Scholen van Vlaanderen PPP Programme.
- Advised the consortium led by contractor Jan De Nul in connection with the DBFM project for the construction of a new prison in Leopoldsburg.
- Assist BIL in drafting Lombard loan contracts in compliance with regulatory requirements.
Strelia
Strelia advises both borrowers and lenders on syndicated loans, acquisition finance, project finance and securitisation matters. Practice head Frédéric Heremans boasts experience handling both domestic and cross-border financing transactions. Sébastien Ryelandt is sought-after for his banking litigation and white-collar crime expertise. Bart De Moor stands out on restructuring mandates.
Praxisleiter:
Frédéric Heremans
Weitere Kernanwälte:
Sébastien Ryelandt; Bart De Moor
Kernmandanten
Factofrance / Crédit Mutuel Factoring
Lifestyles Group
Axalta Coating Systems
Absolute Capital Partners
Société Générale
Caisse d’Epargne Hauts de France
Bayerische Landesbank
Highlight-Mandate
- Assisted Société Générale for the financing and the refinancing of the acquisition by, and the existing indebtedness of, Healthcare Activos Inmobiliarios 21, SLU (Healthcare Activos Yield Socimi SA) of a group of companies involved in the health care, involving the acquisition of eight property companies in Belgium.
- Assisted Bayerische Landesbank in connection with the refinancing of the acquisition of a retail property held by LSVAF2 Cosmopolitan Investment.
- Assisted Caisse d’Epargne Hauts de France and Banque Palatine in the framework of the debt restructuring and additional financing of a group of companies involved in the real estate sector.