The new Code of Companies and Associations enters into force as from tomorrow

The new Code, which was published in the Official Journal on 4 April 2019, will gradually come into force as from tomorrow.

The date of entry into force of the new Code is 1 May 2019. As from this date, each newly incorporated entity will have to comply with all the provisions of the new Code.

For existing companies and associations, the general rule is that the new Code will come into force on 1 January 2020, with a final deadline for adapting the articles of association on 1 January 2024. However, existing entities may choose an early opt-in and thus, through an amendment to their articles of associations, render the new Code fully applicable as from 1 May 2019.

Also to note: the Royal Decree dated 29 April 2019 implementing the new Code has been published today. This Royal Decree merges into a single text the regulatory provisions of various existing Royal Decrees. It contains nine books and is available here.

For any query, do not hesitate to contact a member of our corporate team.

The final text of the new Companies Code has been published

Today has been published the Law of 23 March 2019 introducing the Code of companies and associations and amending certain other regulations (notably the Law on takeover bids). The final text is now available here.

For any assistance, please contact Sandrine Hirsch or Nikita Tissot.

Catherine Houssa takes part in Belgian State visit in South Korea

Catherine Houssa took part in the Belgian State Visit to the Republic of Korea, presenting the Belgian FinTech regulatory landscape to Korean FinTech companies and startups in Seoul. An opportunity to place Belgium at the centre of Europe, and to discover striking differences between the Belgian and Korean most popular FinTech activities.

The new Belgian Code of Companies and Associations has been voted

It’s official: the new Belgian Code of companies and associations has been approved yesterday in its final version by the Belgian Parliament. It will be published in the official gazette in the coming weeks and will gradually come into force as from May 1st, 2019.

For an insight into the reform, please refer to a recent presentation by Paul Alain Foriers: https://bit.ly/2FQ4445.

The full text is available here: https://bit.ly/2GTGvXH For more information on how to comply with the new Code, do not hesitate to contact a member of our corporate team.

New Companies and Associations Code – Update January 2019

A number of amendments to the draft law were proposed at the Parliament’s plenary session on 18 December 2018. A new opinion from the Council of State is expected soon.

For an outline of the main changes vis-a-vis the existing regulations, you may refer to the slides prepared by Paul Alain Foriers, Partner in our Corporate M&A department and one of the four legal experts appointed by the Minister of Justice:

pdfLa réforme du droit des sociétés – Quelques questions importantes (available in French only).

For more information on the upcoming reform, do not hesitate to contact Paul Alain ForiersSandrine Hirsch or Nikita Tissot.

One more step towards the adoption of the new Companies Code

The competent committee of the Parliament adopted the draft new Code of Companies and Associations on second reading.

For an outline of the main changes vis-a-vis the existing regulations, you may refer to the slides prepared by Paul Alain Foriers, Partner in our Corporate M&A department and one of the four legal experts appointed by the Minister of Justice: pdfLa réforme du Code des sociétés – Quelques questions importantes (available in French only).

For more information on the upcoming reform, do not hesitate to contact Paul Alain ForiersSandrine Hirsch or Nikita Tissot.

 

A step forward for the draft new Companies and Associations Code

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 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.

For any question or assistance, feel free to contact Paul Alain Foriers, Sandrine Hirsch or Nikita Tissot.

Seminar on the upcoming reform of the Belgian Law of Obligations

Last week, Simont Braun was delighted to see such an interest in the upcoming reform of the Belgian law of obligations, which is currently being analysed by the Council of State.

On 22 and 24 May, we hosted two seminars on this subject, where Rafaël Jafferali, who is a member of the expert group in charge of the recast, Paul Alain Foriers, Fanny Laune, Thomas Derval and Sander Van Loock went through the main aspects of the reform, making sure to explain the expected changes with pragmatism.

Simont Braun’s presentation is available here: Simont Braun Workshop – The new Civil code

Do not hesitate to contact Rafaël Jafferali for any question or assistance on the subject.

20180210

Lorem ipsum dolor sit amet…

20180208

Lorem ipsum dolor sit amet…