ASTREA acted as lead counsel to the largest media concern in Belgium, DPG Media (owning a.o. the largest broadcasting company in Belgium) in the set-up of an ambitious Joint Venture with Telenet, a listed company (telecom operator, owning, TV platform, affiliate of the Liberty Group).
The purpose of this JV between both champions in their field of business is to build and launch a new streaming/SVOD platform in Belgium in 2020 aiming to become the biggest competitor in Belgium of Netflix.
The transaction included the negotiations of the investment agreement and joint-venture, but also the build-out of the technical streaming platform and the cooperation between the JV and its shareholders through a wholesale agreement, preferred reseller agreement, advertising agreements and content license agreements.
Frédéric Verspreeuwen lead the Astrea team and was responsible for the corporate aspects of the transaction.
Steven De Schrijver was responsible for drafting the video platform agreement, the data sharing agreement, the data processing agreement and the transitional services agreement.
Our Technology and M&A partner Steven De Schrijver is again recognised by Who’s Who Legal as “Global Elite Thought Leader” (EU) in 4 categories: “IT”, “Data Privacy & Protection”, “Data Security” and “Telecoms & Media”. He is called “the number-one IT lawyer in Belgium” and sources say “he has got a great understanding of his client’s business, which proves indispensable in the area of personal data”.
Congratulations Steven! A well-deserved recognition…
The outbreak of COVID-19 and the measures taken by many governments have a significant impact on society as well as on the ability of contracting parties to perform their obligations under their commercial contracts, including IT related contracts. There are not only many uncertainties and questions about the fulfilment of running IT contracts but it is also important to consider some additional factors while drafting new IT contracts.
In our memo “Impact of COVID-19 on IT contracts”, we outline the impact of COVID-19 on current IT contracts and provide some suggestions on additional wording for new IT contracts.
Astrea’s Corporate & Technology partner Steven De Schrijver and Astrea’s Employment partner Rudi Desmet have contributed the Belgian Chapter 1 of the International Comparative Legal Guide to Outsourcing 2020 (5th edition).
This guide, which is divided into Country Question and Answer Chapters, covers common issues in outsourcing laws and regulations in a number of jurisdictions – including regulatory framework, legal structure procurement process, transfer of assets, employment law, data protection issues and information security, customer remedies, tax issues, insurance, intellectual property, liability and dispute resolution. All chapters are written by leading experts in this particular practice area.