Search result based on key: Modernization of Belgian law
1 May 2019: The new Belgian Company Code
What is the new Belgian Companies and Associations Code and how did this reform come about? The objective is clear: to modernize Belgian company and association law by simplifying it
Dissolution and liquidation in one notary deed
The new BCC allows for the dissolution and liquidation of a company in one notary deed and makes some adjustments to the attendance requirement for the general meeting.
Directors’ liability: The new Belgian Company Code will lead to more flexibility
The new Belgian Company Code now explicitly states that directors must exercise their general duties with reasonable care, skill and diligence.
Governance structure of a public limited liability company (NV/SA)
With the new Belgian Company Code the composition of the NV board is more flexible with the creation of 3 governance regimes: monistic governance, sole director and dual governance.
The (I)NPO and foundation: incorporation and publication
The new Belgian Company Code (BCC) has aligned the rules applicable to a non-profit organization and foundation to those applicable to companies.
Reduction in the number of company forms
In light of the simplification of the corporate landscape, the Belgian Company Code (BCC) introduces a drastic reduction in the number of different company forms.
The permanent representative of a director - legal entity
This article relates to the appointment of a permanent representative when a legal entity has been appointed as a member of a governing body of a company with legal personality.
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