The UBO register is a centralized database used to prevent money laundering, terrorist financing, and related criminal activities by tracking the natural persons who ultimately control companies and other legal entities. In the past, public access to certain UBO data was allowed, but the European Court of Justice ruled that such access was invalid. The Belgian legislator subsequently made legislative changes that restrict public access to the UBO register to those who can demonstrate a legitimate interest related to fighting money laundering and related criminal activities. This text provides details on the legislative changes and the conditions that qualify as a legitimate interest for access to the UBO register.
Corporate and M&A
European Court of Justice on the UBO-register
The Belgian Federal Public Service Finance issues a communication announcing a temporary suspension of general public access to UBO information.
Het lot van CVBA’s na het WVV: start tijdig aan de verplichte denkoefening over de nieuwe rechtsvorm voor uw vennootschap
Ontdek de impact en aandachtspunten van de afschaffing en omvorming van de CVBA-rechtsvorm.
KPMG Law’s latest manual on the Company and Associations Code
The corporate team of KPMG Law publishes the 2022 version of the manual on the Belgian Company and Associations Code.
March 2022 Indexation: Publication in the Annexes to the Belgian Official Gazette
With effect from 1 March 2022, discover the costs for publication in the Annexes of the Belgian Official Gazette, as a result of their annual indexation.
De earn-out: stimulans of hindernis?
Recent M&A onderzoek heeft aangetoond dat in ca. 30 % van de bedrijfsovernames gebruik wordt gemaakt van een zgn. earn-out.
