Search result based on key: Belgian Company Code (BCC)
Accountability of leaders in difficult times: when does leadership become hardship?
The responsibilities of directors and other executives are extensive and not easy. Discover some important liability principles especially during COVID-19.
Happy 25th birthday to the “Divorce Act among shareholders” (aka “the dispute settlement”)
Dispute resolution has been the last resort in shareholders' discussions for 25 years and now forms the comprehensive solution for conflicting shareholders.
Personal liability of directors for the company's possession of illegal software
Recently, the Antwerp Court of Appeal ruled that the director of a company can be held personally liable in case illegal software is available within their company.
The transposition of the Shareholders’ Rights Directive and the first adaptions of the BCC
While the new Companies’ and Associations’ Code (BCC) has been applicable to new companies and associations since 1 May 2019, amendments to certain provisions are foreseen.
Modification of the simplified liquidation procedure
Since a few years it is under specific circumstances possible to dissolve and liquidate a company through a mere decision of the extraordinary general shareholders’ meeting without the obligation to start up the, more time consuming, ordinary liquidation procedure.
Lack of creditor protection within a private limited liability company in the event of a capital decrease is discriminatory
The Constitutional Court recently ruled that the difference between the protection mechanism for creditors of a private limited liability company and creditors of a public limited liability company in the event of a capital decrease is not reasonable justified and is therefore discriminatory.
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