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The Belgian implementation of Directive (EU) 2019/2121 on cross-border conversions, mergers and demergers
Discover the key changes in Belgian legislation regarding cross-border conversions, mergers, and demergers.
Belgian implementation of the ruling of the European Court of Justice on public access to UBO register
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.
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.
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
What has changed and who is impacted?
The Belgian corporate landscape is about to get revamped with changes set to impact the legal, tax and accounting aspects of all Belgian legal entities.
UPDATE: New legislative developments on Ultimate Beneficial Owners
The Belgian legislator introduces changes to the legal framework on Ultimate Beneficial Owners (UBO) and the UBO-register.
Prepare your general terms and conditions (B2B) for their (re-)exam
Are your general terms and conditions still up-to-date? Check whether they still offer you sufficient protection in case of unforeseen circumstances.
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.
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.
Assessing the legal impact of Brexit on your future banking relationship with the UK
What is the issue?
With Brexit just around the corner, the UK and the EU are still struggling to reach a final divorce agreement; leaving organizations in the dark as to what exactly this will mean for them. A heightened sense of urgency is further created with the UK Government’s recent publication of a series of papers on what the potential impact of a “no-deal” scenario would look like.