Corporate and M&A

The new Belgian Company Code (BCC) is here - but how did this reform come about? The objective was clear: to modernize Belgian company and association law by simplifying it, making it more flexible and adjusting it to the progress of European law.

The key feature of the Belgian Company Code is undoubtedly the simplification and flexibilization of the private limited liability company.

Both existing and newly-established companies should begin preparing themselves.

The new Belgian Company Code now explicitly states that directors must exercise their general duties with reasonable care, skill and diligence.

The new BCC allows for the dissolution and liquidation of a company in one notary deed.