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Van Bael & Bellis assists Astadia on the acquisition of Anubex, a Belgian leading provider of software solutions

  • 23/03/2021
  • News

Our corporate M&A team is pleased to have assisted Astadia, a US industry leader for mainframe migrations and modernisations, in relation to the acquisition of Anubex, a Belgian leading provider of core software solutions, know-how, and support for complex mainframe-to-cloud migration and modernisation projects. The official press release can be found here.

The deal team was led by partner Michel Bonne, senior associate Hannelore Matthys and associates Alicia Cauwenbergh and Andreas Wuylens.  The corporate team was assisted by VBB’s employment team, counsel Sara Beutels and associate Manon Denis, and IP and GDPR team, counsel Thibaut D’hulst and associate Yaron Moszynski.

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    • 10/02/2021
    • News

    Covid-19 | Statutory moratorium on creditors’ rights ended on 31 January 2021

    On 31 January 2021, the temporal scope of the second statutory moratorium for certain enterprises forced to close as a result of the restrictions imposed within the context of the Covid-19 crisis ended. The statutory moratorium was applicable from 24 December 2020 until 31 January 2021 and provided that these enterprises were protected against (i) bankruptcy and judicial dissolution, (ii) attachment and enforcement measures and (iii) termination of existing contracts due to non-payment. As a result of the non-extension of the protection measures, enterprises are now again exposed against claims for bankruptcy and creditors can seize their assets. It is currently envisaged that a new law will be adopted that aims at simplifying the judicial reorganisation procedure, for example by easing the formal conditions to open such procedure, extending the situations in which a judicial officer can be appointed, etc. This draft bill is expected to be adopted by March 2021.

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