Crypto platforms, e-money and payment institutions, digital banks, and tech service providers instruct Simont Braun‘s ’highly specialised‘ team to advise on complex regulatory matters, with the firm focusing particularly on assisting international clients with the establishment of domestic products and activities in Belgium and Belgian clients on their cross-border expansion. The team regularly handles data privacy matters, licensing and regulatory questions surrounding the establishment and disestablishment of neo-banks, and contentious and non-contentious issues in the e-commerce space. Joan Carette, a financial regulatory expert who is increasingly active on blockchain regulation matters, co-leads the practice with Philippe De Prez, who advises on all aspects of fintech product launches. Another key contact in the team is Thomas Derval, whose financial and insurance expertise encompasses contractual matters as well as disputes.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

  • ‘Great industry knowledge and good contacts with the regulator.’

  • ‘Philippe de Prez and Joan Carette are both great lawyers and have helped clients with a pragmatic and sound approach. ’

  • ‘Strong fintech team. Highly specialised. Good communication skills. Approachable.’

  • ‘Philippe de Prez is on top of developments in the market, speaks numerous languages, and is very friendly and easy to work with. Great lawyer!’

  • ‘Professionalism and expertise.’

  • ‘Philippe De Prez stands out for his professionalism, responsiveness and scientific proficiency.’

Key clients

  • Belgian Mobile ID
  • Buy Way Personal Finance
  • NewB
  • Wise
  • Ebury
  • Cofidis
  • Taptap Send
  • Viva Wallet
  • Aion Bank

Work highlights

  • Advised Buy Way Personal Finance on its international expansion and on various matters in relation to financial services regulations and international private law.
  • Acted for Ebury’s in a dispute initiated by one of Ebury’s clients in breach of a margin call clause for an amount of ca. €5m and advised the client on obtaining the first post-Brexit anti-suit injunction.
  • Advised Belgian Mobile ID, a joint venture between four major Belgian banks and three mobile network operators, on the regulatory and contractual aspects of a mobile identification project, which allows users of the itsme mobile app to register as new clients with commercial entities, to log in and authenticate with those entities, to remotely approve transactions and to digitally sign contracts.

Lawyers

Leading partners
The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.
Next Generation Partners
Junior partners with significant recognition from clients and peers in the market and key roles on multiple matters.

Practice head

The lawyer(s) leading their teams.

Philippe De Prez, Joan Carette

Other key lawyers

Thomas Derval