TERMS AND CONDITIONS
These General Terms and Conditions define in detail the terms and conditions of use of the Debt Sales Platform accessible at www.Edebex.com and operated by Edebex SA, whose registered office is located at 8-10 rue Jules Cockx, 1160 Brussels, registered with the Business Registration Office under number 0502.697.352.
To the extent set out below, the Belgian, French, Dutch, Luxembourg and, if applicable, Portuguese Special Terms and Conditions shall complete these General Terms and Conditions.
- Purpose and scope of the General Terms and Conditions.
1.1. The use of the Edebex Sales Platform and the associated Services is subject to the unconditional acceptance of these General Terms and Conditions, the Special Terms and Conditions which will be applicable depending on the country in which the debt is sold (i.e. in particular the Belgian, French, Dutch, Luxembourg or Portuguese Special Conditions) and any other conditions or warning statements on the Edebex website or on the registration forms that Users must download and complete in order to sell or buy debts.
These General Terms and Conditions, the Special Conditions and the warning statements and conditions appearing on the Edebex website or on the registration forms constitute the entirety of the contractual provisions applicable to relations between Edebex SA and the User of the Edebex Platform and Edebex services.
The User therefore waives the right to avail himself of any general and/or special terms and conditions of purchase and/or sale.
1.2. Where the purpose of the use of the Edebex Sales Platform and the Services associated therewith is the purchase or use other than the sale of claims by the User, these General Terms and Conditions shall be applicable only to the contractual relationship between Edebex SA and the User.
Where the purpose of the use of the Edebex Sales Platform and the Services associated therewith is the sale of debts by the User, these General Terms and Conditions shall be read in conjunction with the Special Terms and Conditions which apply for the country in which the debt is sold. The Special Conditions supplement and amend these General Terms and Conditions where appropriate. In the event of a discrepancy between these General Terms and Conditions and the Special Conditions, the Special Conditions shall prevail.
1.3. Transactions concluded by Users via the Edebex platform shall also be governed exclusively by these General Terms and Conditions and the Special Conditions applicable to said transaction. Any specific terms negotiated between the Seller and the Purchaser shall not be binding on Edebex, even if Edebex has been notified thereof.
1.4. Edebex has taken out a credit insurance policy on its behalf for the benefit of the Purchasers, to cover the failure to pay debts acquired via the Platform for their insured amount. Said credit insurance policy and the terms and conditions of said Policy are not part of the agreement between Edebex and the Purchaser and do not confer any other rights to them than those granted under these General Terms and Conditions.
- Definitions and interpretation.
The following terms shall have the following meanings:
“Nominal amount of the debt”: the total amount of the invoice (debt) put up for sale, including all taxes.
“Fundable amount”: the amount of the debt put up for sale which is actually offered for sale on the platform after agreement between Edebex and the seller.
“Purchase price”: the price actually paid by the purchaser of the debt.
“Sale price”: the price of the debt as displayed by Edebex to the seller of the debt.
“Sales charges”: the cost of submitting the debt owed by the seller of the debt. The charges shall be displayed excluding taxes and shall remain payable by the seller of the debt, regardless of whether or not the invoice has actually been sold.
“Service charges”: the charges payable by the seller of the debt upon the actual sale of the debt. These charges are displayed excluding taxes.
“Insured amount”: the amount of the maximum coverage of an invoice by the Credit insurer.
“Users”: any person who uses Edebex’s services or who communicates information to Edebex for this purpose.
“Members”: customers who have entered into a contract with Edebex for the use of the Platform, whether to sell or to purchase debts.
“Edebex Platform”: the site operated by Edebex under the address www.Edebex.com for the purpose of enabling Members to sell or buy debts.
“Services”: the intermediation Services and ancillary services provided by Edebex in connection with the provision of the Platform.
“Sellers”: Members who use the Edebex Platform to put one or more debts held by them up for sale.
“Purchasers”: Members who use the Edebex Platform to purchase one or more debts put up for sale on the website.
“Debtors”: the debtors of the debts sold through the Edebex Platform.
“Credit insurance policy”: the credit insurance contract subscribed by Edebex with the Credit Insurer, for the purpose of guaranteeing, to a certain extent and under the conditions specified in the Policy, the indemnification by the relevant transferred Debtors of the debts acquired by the Purchasers through the Platform.
“Credit Insurer”: the company from which Edebex has subscribed the Credit Insurance Policy.
“Payment service”: all the services performed by Edebex for payment in order to collect the sale price of the debts or payment thereof and to return the funds received to whom is entitled to such in accordance with the authority granted to Edebex.
“Third-party account”: an account opened by Edebex for the purpose of collecting the sale price of the debts owed to the Sellers and the amounts owed to the transferred Debtors when the debts become due.
“Transfer of debt”: a contractual mechanism whereby the Seller transfers to the Purchaser all rights relating to the debt put up for sale on the Edebex Platform under the conditions and in the manner specified in Articles 1689 et seq. of the Belgian Civil Code, and in these General Terms and Conditions.
“Special Conditions”: the specific conditions which are applicable depending on the country in which the debt is put up for sale or purchased and a copy of which may be downloaded using the hyperlink specific to the country concerned as specified in the preamble to these General Terms and Conditions.
- Access to Services.
Access to the Platform and Services is reserved for Edebex-approved members.
Such access may be permanently or temporarily withdrawn at any time upon ordinary notification and without compensation by Edebex (1) in the event of a complaint from Purchasers or Sellers, third parties or public or judicial authorities, (2) in the event of fraud or suspicion of fraud, (3) or in the event that the Member concerned no longer satisfies the conditions for registration or use of the Platform, for any reason whatsoever, or that the Member has knowingly or not provided Edebex with inaccurate information or omitted to provide information which may be useful or important during the process of registration and/or the process of purchase or sale of debts placed or acquired by it.
- Conditions of registration.
4.1. Registration as a member requires the following conditions to be met:
(1) incorporation in the form of a legal entity (trading company, partnership, etc.) and valid registration and accreditation with the competent national authority.
(2) in the case of a company or an institution, acting through a representative authorised by Edebex who has sufficient powers to validly bind the company/institution they represent, a copy of whose identity document must be provided to Edebex at the time of registration. In the event of dismissal, resignation or replacement of the legal representative of the company, the Member agrees to notify Edebex without delay and to provide it with the identifying particulars and the powers of the new representative. Failing this, the Member may be removed immediately and in any case will remain bound, both with regard to Edebex and the Users, by the transactions carried out on its behalf by the representative whose powers may have been revoked for any reason whatsoever without having given due notice to Edebex.
(3) not be undergoing bankruptcy proceedings, dissolution or court-ordered or voluntary liquidation.
(4) not be the subject of criminal or administrative conviction or prosecution for financial offenses (money laundering, tax or social fraud, etc.). This condition also applies to the Member’s legal representatives.
(5) having paid the amount of the contribution provided for in Article 5.
4.2. In addition, approval as a Member is left to the discretion of Edebex, which may in particular refuse registration if it considers that the information available to it regarding the candidate or, as the case may be, its representative, does not provide sufficient guarantees of its solvency or for any other reason, without it having to justify its decision and without this decision being able to be challenged.
- Amount of the membership fees.
Only Members having paid their membership fees may access the Platform and the Services.
The amount of the annual membership fee is set at € 150. This amount is payable in advance on the anniversary date of the contract and for the first time upon registration. The subscription is renewable by tacit agreement for new terms of one year except in the case of early termination at least one month before the due date. The Member hereby authorises Edebex to charge the amount of its annual subscription to its credit card.
In case of withdrawal of approval of the Member for any reason whatsoever, the membership fees paid for the current period shall not be reimbursed.
The amount of the membership fees takes into account a number of requests for ratings without the sale of invoices. These requests generate a cost for Edebex. If the number of requests for ratings is excessive (more than 10 requests per actual sale of a debt), the Member’s registration will be suspended and the Member will be invited to pay new membership fees for the current period. The payment of such new membership fees shall in no way affect the anniversary date of the contract, which shall remain the date of the initial payment of the Member’s annual membership fees upon registration.
- Approval of debts – Conditions.
6.1. Only debts validated by Edebex may be offered for sale on the Platform.
The Seller shall forward to Edebex a copy of the document representing the debt (invoice) in the form of a PDF file.
Prior to a debt being put up for sale, Edebex reserves the right to ask the Seller to provide any relevant documents relating to the debt and the contractual relationship between the Seller and the Debtor (invoice, contract, etc.) Thus, in addition to the general information obligation of the Seller regarding all information which appears to be relevant, the Seller is also required to supply Edebex, at its first request, with any document or information necessary for the purpose of verifying the nature, quality and origin of the debt. If the Seller fails to provide such documents and information spontaneously or, where appropriate, within the time allowed, the Seller shall be jointly and severally liable with the Debtor for payment of the debt to the Purchaser.
The Seller shall be expressly forbidden from placing debts against companies in which he or his representatives, de facto agents or shareholders, have interests, directorships or any other interests. Any breach of this provision may lead to the immediate withdrawal of the offending Seller’s access, and the Seller shall be jointly and severally liable with the Debtor for payment of the debt to the Purchaser.
6.2. Claims against individuals shall not be accepted.
6.3. Only debts materialised in an invoice (or in a statement of expenses and fees if the creditor is independent), shall be accepted for sale. The nominal amount of the debt may not be less than € 5,000. However, Edebex reserves the right to accept claims inferior to € 5,000, in its sole discretion.
6.4. Invoices with a maturity of less than 20 days prior to the date of sale or more than 120 days from the date of issue of the invoice shall not be accepted unless expressly decided otherwise by Edebex.
6.5. Edebex reserves the right to refuse a debt without having to justify its decision.
6.6. For each debt, Edebex shall suggest to the Seller a minimum sale price based on the financeable amount of the debt. The Seller shall validate this proposed sale price by sending their invoice to Edebex and paying the costs of listing the debt for sale. The Seller hereby authorises Edebex to increase the sale price of the debt.
6.7. The Seller is obliged to inform Edebex of any information likely to result in the debt remaining unpaid in whole or in part by the Debtor (discount, dispute of the invoice, compensation, bankruptcy, liquidation, court-supervised reorganisation, etc.). This relates to events that occurred prior to the sale of the debt and those that occurred after the sale of the debt. Failing this, the Seller shall be jointly and severally liable with the Debtor for payment of the nominal amount of the debt to the Purchaser.
The Seller warrants, insofar as necessary, that the debt which it wishes to sell has not been seized or pledged and has not been the object of compensation or dispute by the Debtor. In the event that the debt has been disputed by the Debtor or that the Debtor informs Edebex that it disputes the debt in whole or in part for any reason whatsoever, the debt, as appropriate, shall be refused or immediately withdrawn from sale. If the invoice should already have been sold, the Seller shall be required to pay the nominal amount of the debt to the Purchaser.
6.8. When proposing a debt for sale, the Seller is obliged to notify Edebex of the existence of other invoices that are due and not paid by the Debtor. Failing this, the Seller shall be jointly and severally liable with the Debtor for payment of the nominal amount of the debt to the Purchaser.
In the event of the Debtor’s bankruptcy or in the event of proceedings for court-supervised reorganisation or any other collective proceedings initiated against them, the existence of a prior default of payment on the part of the Debtor shall be presumed, unless the Seller proves otherwise.
6.9 Irrespective of the conditions set out in Articles 6.1 to 6.8 above, Edebex reserves the discretionary right to refuse a debt if, in particular, it considers that it does not have all the required guarantees of reliability and the Seller shall have no remedy or redress against it.
6.10. Debts may relate only to goods or services delivered. Advance payment or deposit invoices shall be expressly refused.
6.11. Debts must be denominated in EUROS.
6.12. The debtors of the debts offered for sale must have their registered office in one of the following countries: Germany, Belgium, France, Gibraltar, Italy, Luxembourg, Monaco, the Netherlands, Portugal, United Kingdom, Switzerland.
- 7. Fees and commissions.
7.1. Any requests for listing a debt for the purpose of offering it for sale on the Edebex Platform shall be subject to payment by the Seller of the selling fees, the amount or percentage of which shall be communicated to them prior to the sale of the debt.
No debts shall be allowed to be put up for sale on the Edebex Platform until Edebex has received confirmation from the Seller’s payment body of its agreement on the debit or payment of the selling fees.
An invoice of an equivalent amount shall be sent to the Seller upon receipt by Edebex of the confirmation of payment.
7.2. In the event that the debt is rejected in the cases provided for in Article 6, the administrative fees invoiced to the Seller shall not be reimbursed.
7.3. In addition to the selling fees referred to in Article 7.1., Edebex shall collect from the Seller a service charge, the amount or percentage of which shall be communicated to them prior to the sale of the debt, through the Platform.
In the event that the Seller’s debt is paid to them by the Debtor before the sale is concluded and/or the debt transfer is notified, Edebex shall collect a reduced service charge corresponding to 1% excl. VAT of the amount of the debt.
The Seller hereby authorises Edebex to levy the amount of the service charge due under Article 7.3 on amounts collected on its behalf.
7.4. If the User fails to pay any amount due to Edebex (selling fees, service charges, commissions), Edebex reserves the right to withdraw such amount from any invoice put up for sale at a later date by the Seller. Edebex also reserves the right to deduct such amount from the amounts collected by Edebex and to be paid to the Seller. In addition, in the case of joint and several liability of the User with the Seller, interest on arrears, the penalty clause and the administrative charges charged by the Credit Insurer may also be deducted from the aforementioned invoices and amounts.
- Listing validated debts on the platform
8.1. Once it is definitively validated by Edebex, the claim shall be listed on the Platform.
The listing of a debt on the Edebex Platform constitutes an irrevocable and unconditional offer to sell the debt, subject to the conditions stipulated in these General Terms and Conditions.
8.2. Once the request for listing has been accepted by Edebex, the Seller may withdraw its offer of sale only with the prior and express consent of Edebex and subject to the payment of an amount equal to the commission that Edebex could have collected on the amount of the sale.
8.3. Any offer to sell a debt accepted by a Purchaser Member shall constitute a contract of sale and imply the irrevocable undertaking by the Purchaser to subrogate the Seller in his rights against the Debtor of the debt, up to and subject to full payment of the purchase price.
8.4. The Seller hereby irrevocably authorises Edebex to collect on its behalf the purchase price owed by the Purchaser from the Third Party Account referred to in Article 2.
- Debt purchase process
9.1. Debts offered for sale shall be presented on the Edebex Platform in a simplified form.
Each offer published on the Platform shall specify:
- the due date of the invoice
- the rating attributed to the Debtor
- the insurance coverage rate
- the country in which the Debtor is located
- the city in which the Seller is located
- the nominal amount of the debt
- the purchase price
If the User wishes to acquire a debt presented on the Platform, they are invited to complete the purchase form and to confirm, by clicking on the appropriate link, that they have accepted the offer of sale concerned under the conditions stipulated in these General Terms and Conditions.
9.2. Once it has confirmed its purchase, the Purchaser receives from Edebex the necessary information to pay the debt, namely:
– the identity and full contact details of the Seller:
– the number of the Third Party Account to which the Purchase price must be paid.
This information shall be validly transmitted by Edebex to the Purchaser by ordinary e-mail to the address provided by the latter at the time of registration.
9.3. If the User has not withdrawn its purchase, they shall be obliged to pay the sale price of the debt to the Edebex Third Party Account within 2 hours of receiving the information referred to in Article 9.2 above.
Failing such, Edebex reserves the right to cancel the purchase and to once again put the debt up for sale on the Platform.
Should the Purchaser fail to pay the sale price within the aforementioned period in a repeated manner, Edebex reserves the right, in its sole discretion, to suspend or even block the Purchaser.
9.4. If it appears that the agreed price has in fact been paid by Purchaser, Edebex shall confirm the transaction to the parties by separate e-mails and forward a copy of the debt security to the Purchaser. The sale price shall be paid by Edebex to the Seller within 24 days of receipt of the funds, less the service charges owed by the Seller pursuant to Article 7.3.
The debt shall be withdrawn from the Platform and Edebex shall send to the Seller an invoice equivalent to the service charge amounting to a maximum of 2.75% (excluding VAT) owed on the amount of the sale. Such invoice shall be payable in cash. The Seller hereby authorises Edebex to levy the amount of the invoice from the amounts collected.
9.5. Without prejudice to the provisions of Articles 6 and 7.1 and 11, in the event that the Debtor disputes the claim after its actual sale via the Edebex Platform, the Seller shall be obliged to reimburse the nominal amount of the debt without delay to the Purchaser. If such reimbursement is not made within 5 days of notification of the dispute to the Seller, Edebex shall be entitled to deduct the amount to be reimbursed to the Purchaser from the proceeds of the sale of any other debt listed by the Seller on the Edebex Platform.
9.6. The Purchaser shall deal solely with Edebex. In no case may they enter into direct contact with the Seller, the Debtor or the Credit Insurer unless expressly agreed in writing by Edebex. Similarly, the Seller shall deal solely with Edebex and the Seller shall be prohibited from contacting the Purchaser directly.
- Notification of Transfer of debts and receipt of sale price
As soon as the transaction has been confirmed, Edebex shall notify the Debtor of the Transfer of the debts to the Purchaser, inviting it to pay the debt into the Third Party Account at its contractual maturity.
To this end, the parties to the transaction hereby grant irrevocable agency to Edebex to notify the Debtor of the Transfer, with a view to making it enforceable against the latter. Neither the Seller nor the Purchaser shall have any remedy or redress against Edebex as a result of such notification.
The parties also grant irrevocable agency to Edebex to collect the debt transferred on behalf of the Purchaser on the Third Party Account referred to in Article 2, and Edebex shall be responsible for transferring the funds to the Purchaser within 24 working hours of receipt of such funds.
- Challenge and non-payment of the claim at maturity.
11.1. In the event that the Debtor challenges the invoice after the actual sale of the invoice, the Seller undertakes to pay the Purchaser the nominal amount of its debt within 3 working days. In the event of fraud by the Seller, the latter undertakes to pay the Purchaser the nominal amount of its debt within 3 working days.
11.2. In the event that the Debtor refuses payment of all or part of the debt by claiming compensation with an amount supposedly owed by the Seller (discount, invoice overdue, etc.), the Seller agrees to pay to the Purchaser the difference between the amount actually paid by the debtor and the nominal amount of the debt within 3 working days.
11.3. The price thus paid by the Seller shall be charged first of all to the late payment interest, the penalty clause and the administrative charges owed to the Credit Insurer.
11.4. In the event of non-payment by the Debtor, even if only partially, Edebex reserves the right to claim from the Seller all collection costs actually incurred, including the administrative charges owed tot the Credit Insurer, starting at a minimum of € 500. The Purchaser explicitly acknowledges Edebex’s right to represent it against the Seller, the Debtor and/or any third party for any legal and/or extrajudicial litigation arising from the use of the Platform.
11.5. In the event of payment by the Debtor to the Seller, the Seller shall be obliged to transfer the amount of the sale price to Edebex’s third party account within three (3) working days from receipt of the Debtor’s payment. In the event of non-payment of the full amount within such period, the Seller shall be liable, in addition to the amount of the sale price, for a penalty of 10% on the sale price, starting at a minimum of € 500, and late payment interest at the annual rate of 12%.
11.6. Edebex does not guarantee the actual payment of the debt to the Purchaser at its contractual maturity. In the event of default by the Debtor, Edebex shall involve the Credit Insurer within the limits and under the conditions stipulated by the Policy.
If the Purchaser initiates amicable settlement or judicial proceedings against the transferred Debtor in order to recover the amount of its debt, Edebex shall not provide any follow-up or any liaison with the Debtor or the Credit Insurer. The Purchaser shall take such a decision at its own risk and bear full responsibility. In such case, it shall take the risk of losing the guarantee granted by the Credit Insurer, which it expressly accepts.
The Purchaser explicitly acknowledges Edebex’s right to represent it against the Debtor and/or any third party in any legal and/or extrajudicial litigation arising from the use of the Platform.
11.7. For the Credit Insurer’s purposes, Edebex shall remain the sole beneficiary of the Insurance Policy. Accordingly, the Purchaser is advised that, in the event of a call on the guarantee by the Credit Insurer, Edebex shall be entitled to receive any compensation due under the Policy, which Edebex shall be required to pay to the unpaid Purchaser without delay and at the latest within 15 days of receipt of the funds.
Upon explicit request made by the Purchaser to Edebex, Edebex shall provide the following information relating to the insurance policy:
⁃ the rate of coverage of the debt
⁃ the time limits for payment of the guarantee
⁃ the costs of recovery of the claim payable by the Purchaser
⁃ the provisions requested by the Credit Insurer
- Debtor in financial difficulties
12.1. In the event of bankruptcy or court-supervised reorganisation proceedings instituted against the Debtor, Edebex reserves the right to submit a statement of claim for any invoice actually sold on the Platform.
Insofar as necessary, the Seller shall irrevocably grant Edebex authority to consult the bankruptcy record of one of its Debtor at the court office of the relevant commercial court or in the Central Solvency Register, where appropriate.
12.2. The Seller hereby irrevocably grants Edebex authority to enter, on its behalf, an application for a criminal record disclosure certificate relating to its Debtor from the Federal Public Service Justice.
- Fraud by the Seller
13.1. In the event of suspicion of fraud or improper use of the Services by the Seller, Edebex reserves the discretionary right to initiate an internal investigation and to collect in this context any information likely to confirm or invalidate its suspicions.
The related investigation costs, set at a flat rate of 2.75% of the amount of the disputed claim, subject to an increase if they prove to be higher, shall be charged to the Seller, whether the invoice is finally accepted or not for sale on the Edebex platform. The Seller authorises Edebex to collect the amount of such investigation costs from its credit card.
13.2. In the event of fraud, attempted fraud, deceit or use of the Platform with a fraudulent intent by a Seller, Edebex reserves the right to demand the payment of the sum of € 10,000 in damages for the technical, administrative and legal expenses resulting from such (attempted) fraud or deceit. Edebex also reserves the right to refuse this Seller access to its Services and to withdraw its registration without refunding its membership fees.
Deceit or fraud includes, but is not limited to: the drawing up of false invoices, identity theft, agreements between the Seller and the Debtor, knowingly forbearing from disclosing any information that may harm Edebex or the Platform Users, knowingly providing inaccurate information, which could harm Edebex or the Platform Users, etc.
- Exemption from liability.
14.1. Edebex is only bound by a “best efforts” obligation. It does not guarantee the solvency of the Debtors of debts purchased via the Platform. Solvency indices are provided to the Purchaser for information purposes only, based on estimates made by the Credit Insurer.
14.2. Edebex in no way guarantees the payment of the debt by the Debtor or the coverage of the debt by the Credit Insurer. Edebex warrants only that it has taken out an Insurance Policy with the Credit Insurer on its behalf for the benefit of the Purchasers. As such, Edebex is a simple intermediary between the Credit Insurer and the Purchasers.
14.3. Edebex undertakes to verify whether the invoices appear, prima facie, to be acceptable and in conformity before validating the said debt on the Platform without implying an obligation to achieve results on its part. Edebex shall only validate debts relating to a Debtor having been deemed insurable by the Credit Insurer at the time of the validation of the debt.
Moreover, Edebex shall check whether a new Member satisfies the conditions of registration stipulated in Article 4 on the basis of the information provided by the Member at the time of its registration, without being obliged to carry out other checks and without this implying an obligation to achieve results on its part.
In particular, Edebex may not be held liable for any inaccuracies in the information provided by the Member, Purchaser or Seller, whether knowingly or unknowingly, in connection with a sale or the use of the Platform, or any inaccuracies in the solvency index provided to the Purchaser.
14.4. Edebex only acts as an intermediary in the sale and purchase of debts. Such sale shall not give rise to any other obligations in respect of Edebex than those provided for in these General Terms and Conditions. Edebex may in no case be implicated or held liable in the context of any dispute between Purchaser and Seller, or between Purchaser and Debtor.
14.5. In no event shall Edebex be held liable for the consequences of late submission of or failure to disclose the information or confirmations required of the Purchaser and/or the Seller pursuant to Article 9.
14.6. Edebex may not be held liable in the event of (attempted) infringements and fraud committed by its Members or any third party through the Platform.
15.1. The notifications provided for in these Terms and Conditions shall be validly made by Edebex to the e-mail address provided by the Member upon registration.
15.2. Edebex reserves the right to adapt or alter these Terms and Conditions at any time. Any alteration to these General Terms and Conditions shall enter into force immediately upon publication of the new provisions on its website, and the new version shall be deemed to have been expressly accepted by the Users and Members of the Platform, whomever they may be.
Access to these General Terms and Conditions is guaranteed at all times on a legible and durable medium on the Edebex website at the following address: https://edebex.com/conditions-dutilisation/. Furthermore, the General Terms and Conditions shall be sent to each new Member by e-mail, and to all Members in the event of an alteration of said General Terms and Conditions.
15.3. Compensation is always automatic between the reciprocal debts of Edebex and the Members, even in the event of bankruptcy and whatever the cause or origin of the debt.
15.4. Any communication between Edebex and Users and Members, regardless of their status, shall be deemed confidential. Any disclosure, even partial, of information exchanged between Edebex and the User or the Member shall result in the payment of damages by the party breaching the confidentiality obligation, with a minimum of € 500 per breach.
15.5. These General Terms and Conditions shall be governed exclusively by Belgian law. The courts of the judicial district of Brussels shall have sole jurisdiction over any disputes.