White & Case LLP > Brussels, Belgium > Firm Profile

White & Case LLP
Wetenschapsstraat 37
37 rue de la Science
1000 Brussels
Belgium

Belgium > Insolvency and restructuring Tier 1

Headed by Thierry Bosly, White & Case LLP‘s financial restructuring and insolvency team has a strong reputation for high-value, complex, cross-border work. Clients include national and multinational private equity and venture capital firms, as well as businesses in sectors ranging from transport and aviation to chemicals. Bosly, as head of the firm’s global private equity department as well as its transactional practices in Belgium and Luxembourg, is a key contact for clients seeking assistance with leveraged buyouts and distressed asset purchases. Associate Elien Claeys is also recommended.

Practice head(s):

Thierry Bosly

Other key lawyers:

Key clients

Standard Chartered Group

Hamon & Cie (International)

Le Pain Quotidien

Swissport Group

Hertz Group

Dream Yacht group

Bank Indonesia

Deutsche Bank Distressed Desk

Work highlights

  • Advised listed company Hamon & Cie (International) SA in connection with a complex cross-border restructuring and with formulating a global strategy to recapitalise the group.
  • Advising global banking group Standard Chartered in connection with the complex cross-border insolvency filing of Exelco, an international Belgian diamond group.
  • Advising international bakery chain Le Pain Quotidien, a portfolio company of private equity firm Cobepa, in connection with its complex cross-border restructuring, including the restructuring of its credit facilities and the filing of insolvency proceedings in several jurisdictions, notably Belgium, the UK and the US.

Belgium > Banking, finance and capital markets Tier 2

White & Case LLP stands out for its debt finance capabilities, advising a number of financial institutions, corporates, and particularly private equity funds on acquisition financing, as well as offering a strong debt capital markets practice, covering retail bond issuances, convertibles, and private placements. The team is also noted for its work on holdco PIK financing, a developing trend in the market. Thierry Bosly, an experienced practitioner who focuses on financing transactions and restructuring work, leads the team alongside Hadrien Servais, a leading name for acquisition and leveraged finance, and counsel Willem Van De Wiele, a ‘true expert‘ who takes the lead on capital markets work. Associate Eline Souffriau has been active in a number of cross-border and Benelux-wide debt financing transactions.

Practice head(s):

Thierry Bosly; Hadrien Servais; Willem Van de Wiele

Other key lawyers:

Testimonials

Willem van de Wiele is a true expert in his field of expertise, very pleasant to work with and not afraid to take a position if even the law remains unclear.’

‘Willem Van de Wiele- Outstanding technical expertise and market knowledge, and at the same time solution-oriented.’

‘The Team is very responsive, reactive, business-oriented, and very commercial as well.’

‘Hadrien Servais, is in particular, very involved, very responsive, accurate, and business-oriented.’

‘Willem Van de Wiele is a very pro-business lawyer, keen to develop imaginative (but convincing) argument to help his clients achieve their goals. This is very appreciated.’

‘Hadrien Servais and his team have managed to become a go to advisor on leveraged finance transactions in the Benelux and the wider continental European market. Unlike other teams in Belgium, the White & Case team advise on many non-Belgian transactions, including large-cap transactions. The team are excellent to work with. They provide best-in-class legal and documentation quality and service.’

‘Hadrien Servais is responsible for White & Case entering this market and achieving this position in the market. He is an excellent lawyer and deal maker. Very co-operative. He is supported by Eline Souffriau who is a best-in-class associate (as well as by other associates, but Eline has supported him for multiple years already and she is fully aligned with Hadrien’s way of working).’

‘One of the very few practices able to combine top-tier experience in European space with local knowledge.’

Key clients

Alcentra

Aliaxis

Ardian

Armonea

Aurubis

ABN AMRO Bank

Bank of America Merrill Lynch

Barclays

Baring Asset Management Limited

Belfius

Bluebay Asset Management

BNP Paribas Fortis

Capital Four

Castik Capital Partners

Cobepa

Commerzbank

Coöperatieve Rabobank U.A.

Crédit Agricole Corporate and Investment Bank

Credit Suisse

Crelan SA

CVC Capital Partners

CVC Credit

Deutsche Bank

Diaverum

DNB Bank

Elia System Operator

EQT Credit

The European Investment Bank

Euroports

Goldman Sachs Private Credit

GSO Capital Partners

Hamon & Cie

Hayfin

HSBC

Huvepharma

Ideal Standard

IK Investment Partners

ING

JPMorgan

KBC Bank

Le Pain Quotidien

Mithra Pharmaceuticals

Morgan Stanley

Natixis

NatWest Markets

Nordea Bank

Nurtra

Park Square

Partners Group

Plukon

Royal Bank of Canada

Santander

SD Worx

SettleMint

Siemens Bank

Sumitomo Mitsui Banking Corporation

Société Générale

Tikehau

Triton Partners

UBS

UniCredit

Work highlights

  • Represented Hayfin Capital Management, a top-tier debt fund, as senior lender and ABN AMRO BANK N.V. as super senior lender in connection with a unitranche financing for Sun Capital Partners’ acquisition of Belgium-headquartered Sports & Leisure Group.
  • Advised Baring Asset Management as lender on the unitranche financing for the acquisition of Belgium-headquartered Trustteam by Rivean Capital.
  • Advised Crelan SA/NV on the establishment of EUR 3bio EMTN programme.

Belgium > Competition: EU and global Tier 2

White & Case LLP advises a blue-chip global client base throughout major merger review processes, cartel proceedings, and a diverse range of antitrust litigation, including key roles for big tech clients such as Google, which the firm is representing in three separate abuse of dominance investigations by the European Commission. Other sector strengths for the firm include life sciences, pharma, and chemicals. James Killick heads the team with a strong record in merger control cases alongside litigation and investigations, while Assimakis Komninos plays a key role in the firm’s big tech litigation mandates. Jacquelyn MacLennan is noted for her work on the intersection between competition and ESG issues, while Genevra Forwood is also a standout litigator. Strati Sakellariou-Witt leads on major cross-border merger reviews. The vastly experienced Mark Powell specialises in cartel cases and litigation across tech and life sciences, among others. Since publication, Axel Schulz left the firm.

Practice head(s):

James Killick

Other key lawyers:

Assimakis Komninos; Mark Powell; Strati Sakellariou-Witt; Genevra Forwood; Kasia Czapracka; Jacquelyn MacLennan; Irina Trichkovska

Testimonials

‘White & Case has recognized expertise in energy related antitrust matters. They have assisted parties from Eastern Europe, including public sector clients, offering an excellent combination of legal and strategic advice on complex matters. The Brussels team is experienced in all sectors of the industry, with particular focus on electricity, natural gas and renewables. It deals with large-scale projects delivering competent, prompt and pragmatic multidisciplinary advice. The team consists of hard-working professionals with excellent qualification and skills.’

‘Mark Powell possesses strong leadership qualities and has an impressive sense of direction allowing him to think quickly and clearly in a complicated environment, as well as under pressure. A seasoned practitioner, he is able to immediately grasp the legal essence of the problems, their business rationale and provide critical legal support and strategic advice. His communication skills allow him to effectively direct and manage the efforts of internal and external resources, to translate legal concerns in practical terms and get his message across to clients and partners.’

‘Irina Trichkovska is an outstanding lawyer who has shown a talent for making difficult legal issues understandable and solvable while coordinating the work internally and interacting effectively with local counsel and business leads on all organization levels. She is hard-working, with exceptional analytical ability and focus to detail. Irina has considerable experience with clients and cases from the CEE region, allowing her to understand better clients’ needs and provide legal advice with high added value. She is very responsive and, overall, a great person to work with.’

‘The team has very good understanding of the specifics of the client and suggests appropriate solutions for overcoming complicated legal challenges. The team reacts timely, adequately and with responsibility.’

‘There are partners with different background from different jurisdictions, with their ideas and support, available for the project. Proven, updated know-how about the EU DG-COMP structure, who-is-who and what’s on.’

‘Broad based and highly commercial EU law practice with extremely professional and expert advisors.’

‘I work closely both with Mark Powell and Kasia Czapracka. Two first-rate and highly knowledgeable, highly professional and approachable lawyers. Good understanding of the steps needed to get merger transactions cleared. I feel comfortable putting them in front of the most senior decision-makers both inside and outside of my company.’

‘Jacquelyn MacLennan – probably one of the top antitrust practitioners in the world – with global knowledge and plenty of practical experience with a commercial attitude.’

Key clients

Google

Amazon

Merck KGaA

Crédit Agricole

Intermarché Casino Achats (INCAA)

HAL Optical Investments BV (GrandVision)

Daewoo Shipbuilding & Marine Engineering Co., Ltd. (DSME)

DIC Corporation/Sun Chemical

SIBUR Holding

Synthos SA

Mr Ioan Micula, European Food and others

Servier

Lenovo

Coca-Cola HBC

Nexans

Avast

Liberty Global

Pfizer

GSK

Work highlights

  • Advising Google on three separate investigations into alleged abuse of dominance (Google Shopping, Android and Google AdSense).
  • Representing Amazon in its appeal against the Commission’s decision to initiate proceedings in the “Buy Box” investigation while allowing Italy to continue with its own investigation of the same issue.
  • Representing Merck KGaA, the Germany-based multinational chemical, pharmaceutical and life sciences company, in its successful defence against the allegation made by the European Commission that it provided incorrect or misleading information in the context of the merger notification of Merck KGaA’s acquisition of Sigma Aldrich.

Belgium > Environment Tier 2

International and EU regulatory matters are a key focus for White & Case LLP‘s environmental law offering, which operates as part of the firm’s EU-wide regulatory group. Practice co-head Genevra Forwood has expertise across broad issues such as supply chain due diligence and consumer advice, as well as sector-specific issues in consumer electronics, life sciences, and industrial emissions. Jacquelyn MacLennan leads the team alongside Forwood, and is also head of the firm’s global ESG group, with a particular focus on the competition and trade implications of environmental regulations.

Practice head(s):

Genevra Forwood; Jacquelyn MacLennan

Other key lawyers:

Sara Nordin

Key clients

Eni

Daimler AG

Japan Machinery Center for Trade and Investment

Hyundai Motor Company/Kia Motors Corporation

US Industrial Pellet Association

Work highlights

  • Representing Italian energy company Eni S.p.A. (Eni) and its US subsidiary Eni Oil & Gas Inc. (EOG) in matters relating to climate change and energy transition, including defending Eni and EOG in seven pending cases in California and developing a globally effective defence strategy consistent with Eni’s corporate climate change and sustainability goals.
  • Advising Daimler on the full spectrum of EU and national regulatory issues related to the consumption and emission performance of cars and vans, trucks and buses in Europe, the Americas, Asia and Australasia.
  • Advising JMC on the Carbon Border Adjustment Mechanism and other sustainable trade policy and climate change regulations in the EU.

Belgium > Private equity Tier 2

White & Case LLP advises a global portfolio of private equity funds on high-value, cross-border mandates, with particular strength in the financial services, energy, and infrastructure spaces. The firm combines transactional nous with standout financing and regulatory capabilities, and is closely integrated with its international offices in key jurisdictions such as the UK, US and Africa. Thierry Bosly leads the team, advising on buyouts, financing, and restructuring-related issues, while Thomas Glauden was promoted to partner in January 2022 and specialises in private equity work, with notable expertise in Luxembourg law issues. Carlo Meert arrived from Cleary Gottlieb Steen & Hamilton in February 2022, and advises on a wide range of cross-border transactions.

Practice head(s):

Thierry Bosly

Other key lawyers:

Carlo Meert; Thomas Glauden; Nick Hallemeesch; Phillipe Hendrickx

Testimonials

‘Carlo Meert and Nick Hallemeesch are both very competent corporate and M&A lawyers.’

‘As Thierry Bosly is the co-head of the global private equity practice at White & Case, his office kind of functions as a European command centre for private equity / M&A. When dealing with his team, usually Carlo Meert and Philippe Hendrickx, you can easily get access to the right experts globally. It really feels like one firm rather than a collection of several practices. They are innovative in the sense that in one particular example I was unable to find another firm that could bring a team of global experts (including discussion of all rates) available so seamlessly and in such a short time frame.’

‘Thierry Bosly is such an experienced but also charismatic person with an unparalleled network globally, that he can be considered to be part of the top private equity lawyers globally. He’s a legend. Carlo Meert is a great addition to the team, he is technically world class and as responsive as it can get. Recently promoted partner Philippe Hendrickx is a very diligent lawyer and very responsive, a rising star in the Belgian M&A scene in my opinion.

‘The White & Case team brings multiple professionals with each their domain expertise. Moreover, they really work as a team and complement each other.’

‘I worked together with Philippe Hendrickx who delivered outstanding work. He is a great communicator delivering high quality output while being really engaged to the project at hand. Moreover, not only has he expert knowledge on M&A related matters, he also hast vast industry knowledge.’

Key clients

Cobepa

Morgan Stanley Infrastructure Inc.

Karo Pharma and EQT

CR-CP Life Science Fund

Omnes Capital SAS

Goldman Sachs

Battery Ventures

Grégoire de Streel and others

Sole Source Capital LLC

Ackermans & Van Haaren NV

CVC

IK Partners

Work highlights

  • Represented Cobepa and BioAgilytix in the recapitalisation of BioAgilytix in conjunction with investment firm Cinven Partners LLP.
  • Advised Cobepa on the sale of its majority stake in JF Hillebrand to Deutsche Post DHL Group (DPDHL).
  • Advised Morgan Stanley Infrastructure Partners on its (indirect) sale of shares in VTG AG.

Belgium > Commercial, corporate and M&A Tier 3

White & Case LLP strengthened its cross-border M&A and private equity expertise with the February 2022 arrival of the experienced Carlo Meert, who has handled major strategic deals in a variety of industries, from Cleary Gottlieb Steen & Hamilton, also promoting Philippe Hendrickx  to partner in January 2022. The team remains active on behalf of high-profile corporates and funds, advising on complex multi-jurisdictional transactions in key areas such as financial services, energy, and healthcare. Thierry Bosly leads the ‘business-minded and pragmatic‘ team, focusing on complex cross-border transactions and restructuring mandates, while Thomas Glauden, also promoted to partner in January 2022, remains a key member of the team, particularly for transactions involving issues of Luxembourg law.

Practice head(s):

Thierry Bosly

Other key lawyers:

Carlo Meert; Thomas Glauden; Philippe Hendrickx; Nick Hallemeesch

Testimonials

‘Very business minded and pragmatic.’

‘I worked with Philippe Hendrickx, who is very pragmatic and solution oriented, taking into account the company’s business needs.’

‘The business insight of Thierry is extremely valuable. He brings a lot of value in the discussion by having a true strategic point of view. This strategic point of view is of course backed with a very strong legal knowledge.’

‘Fast and excellent legal advice.’

‘Fully integrated globally, whereby partners in one place in the world can easily bring in partners with relevant experience from anywhere.’

‘Carlo Meert: meticulous in his attention to detail, while maintaining a constructive, solution-oriented approach. Fierce in defending his client’s position, while always remaining calm and friendly.

Key clients

Crédit Mutuel Arkéa

Hamon & Cie International

Neste Oyj

Next Kraftwerke GmbH

SeekandCare

Dream Yacht group

Analis

Recticel

Work highlights

  • Advised French cooperative banking group Crédit Mutuel Arkéa and its subsidiary Arkéa Direct Bank on the disposal of its Luxembourg subsidiary Keytrade Bank Luxembourg S.A. to Swissquote Bank Europe SA.
  • Advised Hamon & Cie (International) SA, in connection with a complex cross-border restructuring, by formulating a global strategy to recapitalise the Group.
  • Represented Neste, a leading Finnish oil and renewable fuels group, on the divestment of its base oils business to Chevron Corporation and the Bahrain National Oil & Gas Authority (NOGA).

Belgium > Customs, trade, WTO and anti-dumping Tier 3

White & Case LLP is home to several experienced litigators with proficiency in handling a spectrum of trade and customs cases. Genevra Forwood and Sara Nordin have been kept busy leading on matters relating to EU and UK sanctions, as well as a diversity of investigations including due diligence in transactions, advisory, contractual disputes and compliance programmes. Highly reputed partner James Killick leads the practice’s European trade remedies team from Brussels and recently led a successful high-profile EU anti-dumping case against Turkey. Jasper Wauters leads the department's WTO practice which often acts for governments in prosecuting or defending WTO cases.

Practice head(s):

James Killick; Jasper Wauters; Genevra Forwood; Sara Nordin

Testimonials

‘I have worked closely with the White & Case customs and trade team for nearly two years, the services were quite unique, practical, and efficient.’

‘What make White & Case attorneys unique is their ability to understand the impact of their advice on a company supply chain operation.’

‘The White & Case trade attorneys are always focused on providing honest, accurate, and practical advice. Their concern is always to ensure that solutions that are put in place are sustainable and will ensure that operations will run smoothly.’

‘The White & Case trade team is diverse, multilingual (a must in the EU), experienced, and can explain complex legal matters concisely and in an easy-to-understand manner.’

‘White & Case LLP Trade Law team was able to provide complex analysis of Trade related issues followed with a clear resolution path.’

‘The team is hands-on when it comes to understanding the peculiarities of their clients and specific needs. The level of collaboration is refreshing for fast-paced markets.’

‘Great global presence and vast expertise.’

Key clients

Eurofer

Saudi Basic Industries Corporation (SABIC)

Work highlights

  • Represented Eurofer, in a recently concluded anti-dumping case against imports of certain hot-rolled flat products of iron, non-alloy or other alloy steel originating in Turkey.
  • Advised a multi-jurisdictional group of banks in relation to the high-profile £4.25 billion acquisition of Chelsea Football Club by a consortium led by US investor Todd Boehly.
  • Represented the Moroccan agricultural and fisheries sectors in the high-profile ‘Western Sahara’ litigation cases before the EU Courts concerning the EU’s ability to conclude trade and fisheries agreements with Morocco that apply to the contested territory of Western Sahara.

Belgium > Dispute resolution Tier 3

Working with a range of corporate clients, public bodies, and high-net-worth-individuals, White & Case LLP's commercial litigation department is noted for its capabilities across a range of sectors, including financial services, technology, and engineering. Practice chair Thierry Bosly - who divides his time between Brussels and Luxembourg - is regularly sought out by the firm's financial services clients for his expertise in contentious insolvencies and private equity-related matters. Olivier Vanhulst - a specialist in energy and infrastructure matters - is experienced in all manner of proceedings before the various domestic courts, while senior associate Alexandre Hublet (currently seconded to London) is noted for his CEPANI arbitration credentials. All named lawyers are based in Brussels unless stated otherwise.

Practice head(s):

Thierry Bosly; Olivier Vanhulst

Other key lawyers:

Key clients

Goldman Sachs

Meta

Twitter

KT-Kinetics Technology

The Confédération marocaine de l’agriculture et du développement rural

Cargotec

Hamon & Cie

Work highlights

  • Assisted Goldman Sachs with the recovery of outstanding debt from a defaulting debtor under various facility agreements.
  • Assisting Twitter Ireland and Twitter USA in court proceedings against Belgian public French-speaking broadcasting organisation and one of its journalists.
  • Represented Hamon & Cie (International) SA in a dispute brought by minority bondholders against the decision of Hamon’s general meeting of bondholders to extend the maturity of the bond loan and reduce the redemption amount and the annual coupon of the bonds.

Poland > Competition/antitrust

White & Case LLP's ability to provide sector-specific competition law advice ensures that the firm is instructed by a significant roster of global and domestic industry leaders. The practice is predominantly focused on representing clients in Polish and EU antitrust investigations, assisting with merger control and state aid matters, and providing ongoing compliance advice. Katarzyna Czapracka - who splits her time between the Warsaw and Brussels offices - plays a key linking role between the two locations, while Jakub Gubański oversees work on the ground.

Practice head(s):

Jakub Gubański; Katarzyna Czapracka

Other key lawyers:

Iwo Małobęcki; Maciej Gac

Testimonials

‘A premier practice for any Polish competition matter.’

‘Katarzyna Czapracka is an extremely professional, commercial and experienced lawyer who I would be comfortable to entrust with any matter.’

‘The team is responsive and willing to help on every occasion, no matter how last minute the request is. They are experienced and thorough.’

‘Availability and understanding of our business in different markets.’

‘Jakub Gubański is great and really understands our business.’

‘Trustworthy, reliable and professional team who proved to be very helpful in resolving the client’s antitrust and competition law issues.’

‘Katarzyna Czapracka is very knowledgeable and very attentive to clients’ needs.’

‘Maciej Gac is a very helpful antitrust and competition law professional.’

Key clients

Liberty Global

Play Group

Legrand France

Polenergia

Synthos

Toyota Industries Corporation

Metric Capital

Invest Line E S.A

BEKaP Fundusz Inwestycyjny Zamknięty

IFS AB

Nets Holding (Nets Denmark)

Grupa Pracuj

RTL Group

Aroundtown

Aquiline Capital Partners Limited

CTP

Work highlights

  • Advised Synthos on competition law issues relating to the acquisition of Trinseo’s synthetic rubber business.
  • Advised Liberty Global on competition law issues relating to the sale of 100% of the share capital in Polish cable operator UPC Poland to Play.
  • Advised the Play Group on its agreement with InfraVia Capital Partners for the sale of 50% of the shares in Play Group’s subsidiary FiberForce.

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