On 25 May 2018, the Council of Ministers approved the draft new Companies and Associations Code which aims at modernising the regime applicable to companies and associations.
The draft Code will now be submitted to the Federal Parliament for discussion and vote. We expect the parliamentary approval in the autumn of this year.
One of the four legal experts chosen by the Minister of Justice Koen Geens to work on this project is Paul Alain Foriers, partner in our Corporate M&A department. Hence, Simont Braun is well aware of the reform and is able to guide companies through the upcoming challenges and opportunities.