NewB’s Licence Acquisition To Operate In Belgium

Osborne Clarke successfully advised NewB in obtaining a licence as a bank in Belgium.

On January 31, 2020, NewB received its license to operate as a credit institution in Belgium, which was the final step to become the first ethical and sustainable cooperative bank in Belgium – and the first new bank in Belgium in more than 60 years.

NewB has promised that its banking activities will be ethical, transparent and 100% geared towards the energy transition. Its credits will be devoted to green mobility, the energy performance of buildings and the small production of renewable energy. The goal is to have a bank that finances the local economy and makes the difference for sustainable projects with real added value for our society.

Osborne Clarke’s team included Tonya Aelbrecht (Picture), Violette Keppenne, David Zygas, Jean-Christophe Vercauteren, Olivier Lambillon and Laurent Donnay de Casteau.

Involved fees earner: Tonya Aelbrecht – Osborne Clarke; Joan Carette – Osborne Clarke; Hadrien Chef – Osborne Clarke; Laurent Donnay de Casteau – Osborne Clarke; Violette Keppenne – Osborne Clarke; Olivier Lambillon – Osborne Clarke; Jean-Christophe Vercauteren – Osborne Clarke; David Zygas – Osborne Clarke;

Law Firms: Osborne Clarke;

Clients: NewB;

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