Astrea advised Continuum Sports (CCC Team) on the sale of its WorldTour License to ProTeam Circus-Wanty Gobert-Tormans (CWG)

Astrea advised long-standing client Continuum Sports (CCC Team, formerly BMC Racing Team), with the Belgian aspects of the sale of its WorldTour License to Belgian ProTeam Circus Wanty Gobert (CWG) and this together with lead US Counsel Reinhart Boerner Van Deuren (Brian G. Carroll and Adam R. Konrad). The Astrea team was lead by partner Steven De Schrijver.

The sale still needs to be ratified by the UCI License Commission in December.

Astrea advised DPG Media on the set-up of a Joint Venture with Telenet

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.

Steven De Schrijver recognized by Who’s Who Legal as Global Elite Thought Leader

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…