Next Generation Partners

Firms To Watch: EU regulatory: Financial services

ARGO Law's financial regulatory advisory practice operates at the crossroads between the firm's banking and finance, and fund structuring departments. Pieter Bogaerts is the key senior contact.

Firms in the Spotlight EU regulatory: Financial services

Lauwers Law

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Lauwers Law stands as a beacon of excellence in the realm of tax law, renowned for its profound expertise and a uniquely tailored approach that effectively navigates the complexities of tax law across Belgium’s diverse regional landscape.  Our comprehensive services cover a broad spectrum of tax-related matters, including corporate taxation, international tax law, VAT, and …

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EU regulatory: Financial services in Belgium

A&O Shearman

Key domestic and international players in the financial services market value the ‘pragmatic’ approach at A&O Shearman. The ‘hands-on’ team has multiple areas of focus, including application of banking and financial regulations, developments related to MiFID II and MiFIR, bespoke reinsurance and asset management arrangements, and fintech-related issues. Sylvia Kierszenbaum is emblematic of the group’s cross-departmental approach, with experience garnered from her leading roles in the banking and finance and insurance practices. Axel de Backer and senior associate Niels De Waele are noted.

Practice head(s):

Sylvia Kierszenbaum

Other key lawyers:

Filip Tanghe; Axel de Backer; Niels De Waele


‘Practical and sound advice on regulatory matters in an international context. The team has a network of legal advisors in various jurisdictions.’

‘Niels De Waele: sound and practical legal advice rendered at short notice in a friendly and down-to-earth manner.’

‘Knowledgeable. Pragmatic and not only theory-based. Hands-on and really try to understand the business side.’

Key clients

Athora Belgium

EPI Company

Work highlights

  • Advised Athora Belgium on the acquisition of a run-off insurance portfolio from NN.
  • Advised EPI on the financial regulatory aspects relating to its proposed acquisition of Payconiq International and Currence Ideal.

DLA Piper

The team at DLA Piper leverages its ‘profound knowledge in the financial services area’ to handle the full cycle of regulatory mandates, ranging from authorisation and compliance matters to transactional advice, investigations and enforcement. Pierre Berger - who has leadership roles within several of the firm’s global and Belgian financial services and insurance practice groups - counts major financial institutions, international technology companies and fintech disruptors among his regular clients. In September 2022, counsel Peter-Jan Smet joined from NautaDutilh, strengthening the group’s ability to advise fund managers, advisors, promoters, and institutional investors. Marie Goossens is a key name at the junior end.

Practice head(s):

Pierre Berger

Other key lawyers:

Nicolas Kalokyris; Marie Goossens; Peter-Jan Smet


‘DLA Piper’s Belgian team is very efficient and has profound knowledge in the financial services area. Very easy to work with.’

‘The entire team is great to work with, but I would specifically recommend Marie Goossens, who is a young, yet very experienced, lawyer. I am sure that she has a great future and will become one of the leading experts in Belgium for financial services.’

‘They have a great team with a good complementarity of junior and senior advisors.’

‘The people at DLA Piper are motivated and always prepared to help. They are also invested and will help you find a solution that fits, and support you throughout the process. They are sincere and very friendly.’

Key clients


Accenture LLP

Aion NV

Alan SA

Alpha Card CBA

Alychlo NV

Amazon Inc

Amonis BV

Amonis OFP

Antwerp World Diamond Centre (AWDC)

Argenta group

Arkane dba Venly

Athora Ireland Services Limited

Axa Bank Belgium NV

Bancontact Payconiq Company NV

Bank Degroof Petercam Asset Management NV

Bank Nagelmackers NV

Bank of Valletta p.l.c.

Banxa Holdings Inc.

Belfius Bank NV/SA

Belfius Investment Partners NV


Blox B.V.

BNP Paribas Fortis

Bpost SA

Capfi Delen Asset Management


Chess Capital

Citizens Bank, National Association


Crelan N.V

Curvo B.V.

D2X Group

Degroof Petercam Asset Management

Delen Private Bank NV

Deutsche Bank AG

Discai NV

Doccle BV

Euroclear SA

European Commission

Federale Participatie- en Investeringsmaatschappij

Fortino Capital Partners NV

Horizon Equity Partners SA

iBanFirst SA


ING Belgie NV

ING Solutions Investment Management NV

Invest for Jobs NV

Investeringsmaatschappij Argenta NV

Isabel NV

ISDA International Swaps and Derivatives Association Inc.

J.P. Morgan Europe Limited

KBC Asset Management NV

KBC Group NV

Keyrock S.A.

Kuwait Petroleum (Belgium) NV (Q8)

Lightyear Europe AS

Lombard International Assurance

Lukoil Belgium NV

Marklaan Advisory B.V.

Mercier Vanderlinden AssetManagement NV

MGF (EU) Limited NV

Minna Technologies AB


MoneyGram International, Inc.

Morgan Stanley & Co. LLC

MS Amlin Insurance SE

Natwest Markets NV

Netoil Capital Limited

OTP Bank Nyrt.

Pensioenfonds Metaal OFP

PMV Fund Management NV


Qover SA/NV

RIA Payment Institution

Santander Consumer Bank AS

SD Worx People Solutions NV


Societe Generale SA

StarStone Insurance SE

Strada Partners

Sumitomo Mitsui Banking Corporation

Tesla Motors Netherlands B.V.

The Bank of New York Mellon

The Fortegra Group, LLC

Tioga Capital Partners

Top Tier Access Partners BV

Travelex Acquisitionco Limited

Unifiedpost NV and Unifiedpost Payments NV

Visa Inc.

Worldline SA/NV

Worxinvest NV

Zurich Insurance Company Ltd.

Work highlights

  • Assisted KBC Asset Management with the reorganisation of its Bulgarian fund offering channel.
  • Represented Argenta Spaarbank in phishing litigation where a group of 51 claimants is bringing a case against the client in order to recover their lost funds.
  • Advised Belfius Bank on the cross-border commercialisation of pan-European ELTIF funds to Belgian high-net-worth investors.


At Linklaters, Etienne Dessycombines great legal and commercial skills’ to lead the ‘brilliant’ financial regulation sub-group, which operates within the firm’s broader corporate and finance department. The regular workload includes assisting with capital requirements, clearing and settlement, payment services, derivatives, and MiFID. The practice also advises on complex governance-related matters and is regularly involved with the relevant aspects of cross-border M&A transactions and reorganisations in the banking sector. Investigations are another core area of strength. Counsel Andreas Van Impe and managing associate Pauline Kustermans were both promoted to their respective positions in 2022.

Practice head(s):

Etienne Dessy

Other key lawyers:

Andreas Van Impe; Pauline Kustermans


‘Very responsive team with efficient staffing across seniorities.’

‘Etienne Dessy combines great legal and commercial skills and expertise in dealing with the regulator with responsiveness and very good team management.’

‘Etienne Dessy and his team are just brilliant. Their added value lies with their profound understanding of their clients’ businesses and needs. They are sharp, accurate and fast. Very pragmatic as well.’

‘Etienne Dessy is very much client and solution oriented. He knows his clients well and advises them accordingly. He seems to be a very good people manager which translates into dedicated and efficient teams working for him.’

‘Deep knowledge of the sector, and the team makes an extra effort to start understanding the client and the objectives before jumping into providing a quote. This makes a huge difference and ensures a top-notch quality of delivery.’

‘They’re proactive in identifying potential issues and also collaborate across teams (internally) to provide holistic solutions.’

‘The team has in-depth knowledge of regulatory market practices in the Belgian jurisdiction and regulatory expectations, hence ensuring that the proposed solutions/approach are likely to align with regulatory expectations whilst also being efficient.’

‘The individuals at Linklaters are pleasant to work with due to being straightforward in what the outcome would likely look like, hence managing expectations and not overpromising on results. They apply a solution-based and efficient approach to problems, aiming to (also) have an in-depth knowledge of the operational set-up, rather than providing a solely theoretical approach, and also proactively providing (practical) solutions to problems.’

Key clients


Aion Bank



Bank Nagelmackers

Bank of America




BNP Paribas






Credit Mutuel

Credit Suisse

Degroof Petercam



J.P. Morgan

Johnson & Johnson


Morgan Stanley



State Street Global Advisors

The Bank of New York Mellon


Work highlights

  • Advised Indosuez Wealth Management Group, a subsidiary of French international banking group Crédit Agricole Group, on the acquisition of a majority stake in Degroof Petercam.


NautaDutilh provides ‘nuanced advice’ on prudential supervision matters, provision of financial services in Belgium, corporate governance and compliance matters, and implementation of new legislation to an enviable client roster spanning all types of regulated institutions in the financial sector. The firm also has experience in advising a regulatory body active in Belgium on draft legislation. ‘Absolutely reliable’ practice head Anne Fontaine is particularly noted for her expertise in central securities depositories and securities settlement systems. Pierre De Pauw, who was promoted to local partner in April 2024, supports Fontaine on key mandates.

Practice head(s):

Anne Fontaine

Other key lawyers:

Pierre De Pauw


‘Knowledge and understanding of the sector and our specific niche. Clear engagements. Valuable and nuanced advice.’

‘Very good contact with Anne Fontaine!’

‘Easy to work with. Very client oriented.’

‘Anne Fontaine is an excellent lawyer with high expertise in regulatory banking matters. She connects well with clients and makes complex concepts easy for them. She is absolutely reliable.’

‘The team at NautaDutilh is commercial, with a sound understanding of technical detail. I highly value working with them!’

‘Anne Fontaine is a fountain of knowledge, and always available for a quick chat.’

Key clients


American Express

Bank Degroof Petercam


Klarna Bank

Mizuho Bank



Saxo Bank

Triodos Bank


Work highlights

  • Instructed as regular counsel to the Euroclear Group.
  • Advised Bank Degroof Petercam on various banking and financial regulation issues.
  • Advised ABN AMRO Bank on various financial regulation issues relating to its banking and investment services activities in Belgium.

Simont Braun

Simont Braun‘s dedicated team combines a ‘strong regulatory background and insightful knowledge’ to handle advisory, contractual, and data-related issues for local and foreign financial services providers, including banks, insurers, credit providers, payment institutions and e-money issuers. Joan Carette operates proficiently at the intersection between fintech and regulatory issues, while Philippe De Prez is singled out as ‘the perfect sparring partner for an agile and entrepreneurial business.’ Counsel Thomas Derval is regularly instructed to assist insurtechs with the development of innovative products for the Belgian market.

Practice head(s):

Philippe De Prez; Joan Carette

Other key lawyers:

Thomas Derval


‘Strong regulatory background and insightful knowledge of Belgian banking laws.’

‘Philippe De Prez is very service-minded, practical and helpful.’

‘Simont Braun has a strong practice with regards to financial services and is highly knowledgable in the fintech industry. They have a stable team that has helped us in an efficient manner.’

Key clients


Itsme (Belgian Mobile ID)

NewB| |and |NewB| Invest


Aion Bank

BuyWay| Personal Finance


Viva Wallet

TapTap| |Send


Work highlights

  • Advised ABN AMRO on various financial services regulatory and contractual issues.
  • Represented Ebury in a post-Brexit anti-suit injunction.
  • Advised Belgian Mobile ID – a joint venture between four major Belgian banks and three mobile network operators – on various regulatory and contractual matters.

Ashurst LLP

Leveraging a combination of banking, funds and restructuring expertise, the team at Ashurst LLP is particularly well versed in assisting clients with bringing innovative financial products to the Belgian market, and in Euroclear and ISDA-related matters. Major international banks form the core of the client base, with large corporates and funds also making up a significant proportion. Finance expert Arnaud Wtterwulghe leads on much of the key work, capably supported by senior associate Bram Delmotte.

Practice head(s):

Arnaud Wtterwulghe

Other key lawyers:

Bram Delmotte


‘Noted for the people and collaboration.’

Key clients

Goldman Sachs




Société Régionale d’Investissement de Wallonie (SRIW)

The senior secured noteholders to the CWT Group

Meta (Facebook)

Joh. Berenberg, Gossler & Co. KG and Arcmont Asset Management Limited

Swedbank AB

Tritax EuroBox pl

Proventus Capital Partners


Société Générale SA

Wells Fargo

Lloyds Banking Group plc


Work highlights

  • Advised a number of large banks and financial institutions on Euroclear security agreements.
  • Assisted a number of major banks with ensuring consistency of the terms of their issuance programmes with the Belgian Code of Economic Law, in particular the provisions in respect of unfair terms and greenwashing.
  • Advised a digital brokerage company on various innovative product offerings in Belgium.

Bird & Bird

Bird & Bird leverages its notable strength at the intersection of technology and financial services to inform its fintech expertise across innovative payment services, blockchain technology, open banking, and new lending platforms. Niche areas of focus include apps, data analytics and alternative methods of fundraising. Scott McInnes leads the financial regulatory team, and is particularly noted for his expertise in assisting with competition law issues in the payments sector. The group’s clients range from established global players to innovative start-ups.

Practice head(s):

Scott McInnes

Other key lawyers:

Paul Hermant; Cedric Berckmans; Julien Sad


‘Scott McInnes and Julien Sad are trusted advisors in this area. They have extensive subject matter knowledge and are incredibly pragmatic and responsive.’

‘Scott McInnes is THE subject matter expert on all things card acquiring-related. He understands the issues quickly and keeps an eye/ear out for changes coming which impact his clients.’

‘Julien Sad knows all things about payments and e-money and is incredibly helpful and on-point with his advice.’

Key clients

bunq (including Tricount)

Aion Bank group (including, Agoda)



Banco Santander (including PagoNxt, Getnet Europe)



Sitting within Eubelius’ banking and finance department, the financial services regulatory offering has particular strength in advising on insurance products, alternative investment funds, market infrastructure, and payment systems. The group also offers expert assistance in compliance issues, including GDPR, anti-money laundering, and trading rules. The firm is singled out by one client for providing ‘insights into local regulatory updates and discussions.’ Practice head Lars Van Bever and ‘very impressive’ senior counsel Jean-Marc Gollier oversee the work.

Practice head(s):

Lars Van Bever; Jean-Marc Gollier

Other key lawyers:

Nicolas Schrans


‘The team that we deal with (Jean-Marc Gollier and Nicolas Schrans) are very responsive to our queries for advices and training requests. The advice is always timely, precise and of a very high level. We are always confident that we are receiving the most up to date information and often insights into local regulatory updates and discussions. This is highly valued by us as business with a presence in Belgium.’

‘Nicolas Schrans is a very impressive lawyer. Always available to us in order to deal with our regulatory requirements and provide concise advice.’

Key clients


AG Insurance

The European Payments Initiative

Lazard Fund Managers (Ireland)

Lazard Frères Gestion (France)





KBC Asset Management

V-Bio Ventures




Banque Fédérative du Crédit Mutuel

Work highlights

  • Advised the European Payments Initiative on regulatory matters in connection with the rollout of its Pan-European payment services offering and scheme.
  • Advised Batopin on regulatory matters in connection with its PSP license and the rollout of its ATM network.
  • Advised Bancontact on regulatory matters in connection with its payment services offering and domestic card scheme.

Hogan Lovells International LLP

Hogan Lovells International LLP is highly regarded for its ability to ‘look for solutions that are practical and commercially feasible, but nevertheless robust.’ Regulatory advice provided by the firm ranges from governance matters, to MiFID and MiFIR issues. Recently, the team has been significantly more active in the ESG and fintech spaces. Philip Van Steenwinkel and senior associate Charles-Henri Bernard form an ‘exceptional’ duo, regularly working in tandem to assist banking groups and insurance companies, as well as payment and e-money institutions. Ivan Peeters is another key senior contact.

Practice head(s):

Philip Van Steenwinkel; Ivan Peeters

Other key lawyers:

Charles-Henri Bernard


‘The expertise, availability and pragmatism of Hogan Lovells (and more especially Charles-Henri Bernard and Philip Van Steenwinkel) are exceptional.’

‘They have a very specific place on the market because of the very close and good contact with the regulators.’

‘Both Charles-Henri Bernard and Philip Van Steenwinkel are open for discussions and not purely dedicated to the “billing” aspect. They will first take the time to understand the issue and give a global opinion. This approach achieves a very interesting level of quality, thanks to a specific focus on the underlying technical issue.’

‘The team is very strong. They know the local market very well and always look for solutions that are practical and commercially feasible, but nevertheless robust. Even though the Belgian team is still relatively small in size, the breadth of the Hogan Lovells international network backing allows them to source know-how efficiently and support us on a broad range of topics.’

‘The team is very close to its clients. Philip Van Steenwinkel and Charles-Henri Bernard are easily reachable and truly invest in the relationship. They not only bring the quality you expect from a top-notch firm like Hogan Lovells, but they are also keen to truly support your business on a daily basis.’

Key clients

ABN Amro

Advanzia Bank

Aion Bank

Alter Domus LLC


Amazon Pay (Amazon Payment Europe)

Amylyx Pharmaceuticals

Argenta Bank

Azerion Group BV

Bank Delen

Bank of New York Mellon

Baring Asset Management

Belfius Bank


BNP Paribas

BNP Paribas Fortis

Buy Way

Capfi Delen Asset Management

Communauté française de Belgique

Coöperative Rabobank UA

Crédit Agricole Corporate Investment Bank


Euroclear Bank


Goldman Sachs

His Majesty’s Treasury (HMT)

ING Bank

ING Belgium

Investec Bank Plc

KBC Bank

Lease Plan


M&G Residential Fund

Morgan Stanley

National Australia Bank Ltd

Patronale Life


SFAM Assurance / Indexia

Single Resolution Board

Société Générale

Sompo Insurance

TowerBrook Capital Partners

Volkswagen Financial Services

Western Union

Wise (formerly Transferwise)


At Liedekerke, Damien Conem heads up the broader corporate and finance practice, while Tom Van Dyck leads the dedicated financial regulatory branch; this specialised group is regularly instructed by the majority of key domestic banks, and has recently made significant client gains in the crypto and blockchain spaces. The firm has also assembled an ESG-focused, cross-departmental team which comprises banking, financial regulation, energy, corporate, capital markets, administrative law and employment experts.

Practice head(s):

Damien Conem; Tom Van Dyck

Other key lawyers:

Louise Verstraete


‘Very good responsiveness. Concise and practical advice. Access to the ‘regulatory dashboard’ on a daily basis is a great tool, allowing us to save time while remaining aware of constantly growing legal developments.’

‘Working with Tom Van Dyck is a pleasure, he is very responsive, with very good command of complex regulations, very fluent and agreeable communication.’

Key clients

AG Insurance


Belfius Bank




BMW Financial Services

BNP Paribas Cardif


Degroof Petercam

Deutsche Bank










NTT Data







Work highlights

  • Instructed as regular counsel for the Brussels branch of Deutsche Bank, advising on the interpretation of the Belgian private placement criteria under the Belgian AIFM Law, MiFID II obligations and the Prospectus Regulation.
  • Assisted Euroclear with the co-ordination of the second phase of a multi-jurisdictional survey analysing the ways in which SRDII will impact the client’s operations.
  • Assisted Maxel with the amendment of its registration with the FSMA and the registration of Privafin as a banking and investment services intermediary.

Loyens & Loeff

The ‘diverse and solution driven’ team at Loyens & Loeff handles the gamut of regulatory issues for major banks, investment firms, financial intermediaries, insurance companies, investment funds, payment institutions, and cryptocurrency service providers. The group is well placed to advise on issues ranging from authorisation and cross-border distribution to ESG disclosures. Banking and finance practice head Marc Vermylen and Vanessa Marquette - who ‘stands out for her top expertise’ - are the key senior contacts.

Practice head(s):

Vanessa Marquette; Marc Vermylen

Other key lawyers:

Eveline Hellebuyck


‘Vanessa Marquette stands out for her top expertise.’

‘Open and collaborative team. Diverse and solution driven.’

‘Vanessa Marquette is sharp and to the point. She knows our regulatory environment and the regulators and can propose plug and play solutions.’

‘The regulatory team is efficient, listening to the client’s constraints and keen to find clever solutions.’

‘Excellent level of deliverables in terms of quality and time. The team was involved in an innovative project that required quite a lot of re-thinking of existing models. They were able to combine innovative thinking with solid legal bases and very good knowledge of market practice.’

‘Vanessa Marquette: excellent knowledge of the Belgian legal environment. Always available when asked and eager to find flexible solutions.’

‘I believe that what makes this firm unique is the high-level expertise in each of the jurisdictions that it operates.’

‘Marc Vermylen is just great. He is reliable and enthusiastic.’

Key clients

Société Générale

European Union – Euratom

International Swaps and Derivatives Association

Bundesverband Deutscher banken

Stellantis N.V.

Banque Stellantis France

Stellantis Financial Services Belux


Nationale Nederlanden Group

Santander Consumer Finance S.A.


Blackstone Europe Fund Management

Indosuez Belgium Fund

Fortress Investment Group LLC

Apollo Global Management Inc.

hHG Pooled Management Limited

Interchange Belgium

LHV UK Limited

Banque de Luxembourg

Work highlights

  • Assisted Madison Dearborn Partners and its affiliates with the application for a declaration of non-objection by the National Bank of Belgium (NBB) in relation to a proposed purchase and subscription of shares in MoneyGram International.
  • Advised Apollo Global Management on the marketing of funds in Belgium.
  • Advised Stellantis on a reorganisation operation, including a transfer of banking employees from Opel Finance to Stellantis Financial Services Belux.


The banking and finance department at ALTIUS - headed up by counsel Audrey Zegers - has significant regulatory expertise, advising on licensing and registration requirements, the relevant aspects of restructurings and M&A transactions, product regulations, and conduct and consumer protection rules. The firm’s funds practice also assists large international entities with their cross-border migrations to Belgium.

Practice head(s):

Audrey Zegers

Other key lawyers:

Elias Nys


‘Very helpful on Belgian private funds regulatory matters.’

‘Audrey Zegers in particular is excellent.’

Key clients

Threadmark LLP

Bill & Melinda Gates Foundation


Eurinvest Ucits

MBR Metals ÖU

Car Garantie

Degroof Petercam Asset Services S.A. (Luxemburg)

Edmond de Rothschild Asset Management (Luxembourg)

Commerzbank AG

Pipe Entertainment

Gibson Dunn

Simpson Thacher & Bartlett LLP

Oney Bank

Work highlights

  • Advised Threadmark on the applicable regulatory regime for UK investment firms and placement agents and assisted with a successful registration with the Belgian Financial Services and Markets Authority.
  • Advised the Bill & Melinda Gates Foundation on the Belgian law aspects of a worldwide corporate card programme.
  • Assisted CVC with the submission of several AIFMD notifications of major shareholdings and control in non-listed companies to the Belgian Financial Services and Markets Authority.

Baker McKenzie CVBA/SCRL

Baker McKenzie CVBA/SCRL is best known for its proficiency at the intersection of financial services regulatory and insurance issues, and frequently represents major names in litigation covering aspects of both these areas. The firm’s client base spans established banking groups, payment institutions, investment firms and insurance undertakings, as well as novel financial intermediaries and challenger fintechs. Michael Van Acker and senior associate Olivier Van den broeke are the key contacts.

Practice head(s):

Olivier Van den broeke; Michael Van Acker


‘Highly regarded, high level of service and competence.’

‘I want to highlight Olivier Van den broeke.’

‘Very pragmatic and results-oriented way of working.’

Key clients


Alpha Card/American Express


Baloise Belgium NV



Deposit Solutions

Esprit Card Services



Hydralis OFP

Imperium Insurance

KBC Securities NV

Lombard International Assurance


MeDirect Bank NV

Mesirow Financial Investment Management

Mollie B.V.

Novus Underwriting


Pensioenfonds Metaal OFP


Richardson GMP

Robinhood Securities

Santander Consumer Bank NV


Value Square

Waard Leven N.V.


Western Union


Work highlights

  • Advised Creafin and Natixis on the establishment of Creafin Credits, the first Belgian non-banking mortgage lending platform.
  • Advised Alpha Card and American Express on payment services regulations under PSD2 and applicable anti-money laundering legislation.
  • Represented Ingram Micro in insurance litigation in front of Belgium’s constitutional court in connection with the constitutionality of certain prescription periods in relation to life insurance products.


Financial services providers value Lydian's ability ‘to leverage regulation to conduct business in the most efficient and flexible way.’ Banking and finance team lead Tom Geudens, insurance and reinsurance specialist Sandra Lodewijckx, and dispute resolution department head Hugo Keulers come together to form the core of the group, handling the gamut of advisory and contentious work between them.

Practice head(s):

Tom Geudens; Sandra Lodewijckx; Hugo Keulers


‘I really like the hands-on approach of the people at Lydian and the fact that answers to questions are quite direct.’

‘One point of contact, with a back-up of multiple experts.’

‘Good negotiation, tactical approach, knowledge.’

‘I like working with Hugo Keulers because he understands our business. Apart from his thorough knowledge, vast experience and great competence, he is also very accessible and always open to discussion.’

‘It is very helpful that we have an excellent law firm like Lydian in Belgium which is based in Brussels, the heartland of EU financial regulatory law. Lydian has a strong international focus and really helps to resolve cross-border financial regulatory projects.’

‘Tom Geudens’ international network and strong position in the London market gives him a unique position and understanding of financial regulatory projects, from a Belgian as well as from an EU law perspective. He is supported by a very solid team which responds quickly and accurately. They are all pleasant people to work with and we enjoy working with them.’

‘The team is focused on how to leverage regulation to conduct business in the most efficient and flexible way within the framework of compliance.’

‘The practitioners know the market and understand the issues. They have good insight on how the regulator works in their jurisdiction.’

Key clients

AIG Europe Ltd

Lloyd’s Insurance Company NV

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 Insurance NV

Baloise Belgium 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


TVM België N.V.

Liberty Mutual Group

Beluga Insurance Solutions NV

Alta Signa Group

Immoweb Financial Services SA





SNS Bank

Federale Pensions

PMV (Flemish Investment Fund)


Adams Street Partners

N26 Bank

TD Securities

White Rock Insurance

ANZ Bank


Royal Bank of Canada

Argenta Bank

Lufthansa Airplus



HDI Specialty

Google Ireland Limited

Automobili Lamborghini S.P.A.

Monument Assurance Belgium


BNP Paribas Cardif

Euler Hermes


Nationale Nederlanden

Alpha Insurance

Enstar Limited

Aspen Insurance

Darta Savings Life Assurance DAC


Europ Assistance


Beazley Furlonge Ltd

ING Bank


Aplazame S.L.

Chancen eG

Formuepleje A/S

Privium Fund Management


Zonneberg CV

Infra Internationaal NV

LevelTen Energy

Russel Investments

De Beers Group







Marktlink Investment Partners Fund Coöperatief U.A.

Darby Overseas Partners, L.P.


Bank of New York Mellon NV

Anterra Capital BV

Hans Anders Retail Group Holding BV

Piraeus Bank SA



Alpha Credit

World Fuel



Black Sea Trade Development Bank




Morgan Stanley

Landesbank Baden-Württemberg


Greenmile Sustainable Housing





Capital One




EDF Trading


Fidelity Digital Assets

Five Arrows

Fondsdepot Bank


J.P. Morgan Asset Management




Parow Partners




L1 Capital

Royal Bank of Canada

River Oak Capital




VÖB-Service GmbH


Axa Bank

Equals Group Plc

BlueRidge Trade and Invest

Senior Homes

IQ Option Europe



Delta Parent Holdings

Hestia Family Office

Corporation Services Company

Shelter IM

The Church of Jesus Christ of Latter-day Saints

BNP Paribas




ABN Amro


Nord LB


Northern Arc Investments





Intact Insurance Specialty Solutions







IVO Capital Partners


Prudential Capital Partners

The BenchMark





Work highlights

  • Advised Equals Group, a UK payment services provider, on the acquisition of the Belgian authorised payment institution Oonex.
  • Assisted BlueRidge Trade and Invest and Senior Homes with the set-up of specialised real estate investment funds and management companies.
  • Assisted Fraktion with the set-up and licensing of a crowdfunding service provider.


The offering at Stibbe spans core regulatory, compliance, supervision and enforcement issues, with the team also regularly handling regulatory-driven transactions, including fund structuring. Corporate finance experts Jan Peeters and Marc Fyon work alongside banking and finance specialist Pieter Nobels to oversee the work. The group’s client base spans payment service and credit providers, insurance companies and intermediaries, and investment firms.

Practice head(s):

Jan Peeters; Pieter Nobels

Other key lawyers:

Marc Fyon