Investors who wish to control a company usually do so by exerting their authority over the directors whom the general meeting (GM) appointed upon the investors’ proposal.
All Belgian companies, foundations, non-profit organizations, fiduciaries and trusts must submit information about their ultimate beneficial owners to the Ultimate Beneficial Owners (UBO) register. In addition, reporting entities are now required to upload proof that the information on the UBO register is adequate, accurate and up-to-date.
The Royal Decree on the operating modalities of the UBO register (amended on 23 September 2020) requires information providers (i.e. companies, associations, foundations, trusts, etc.) to confirm annually the accuracy of the information
En vertu de l'arrêté royal du 23 septembre 2020, les entités tenues d'enregistrer leurs bénéficiaires effectifs (Ultimate Beneficial Owners - UBOs) ont désormais l’obligation de télécharger sur la plateforme UBO tout document démontrant que les informations enregistrées sont adéquates,
The Law of 12 July 2021 introduces two novelties regarding the use of digital instruments in the Belgian legal landscape.
Kleine vennootschappen genieten in de vennootschapsbelasting enkele fiscale voordelen. Hoewel talrijke autonome gemeentebedrijven voldoen aan de materiële voorwaarden om als “klein“ te worden aangemerkt, lijkt de fiscus nu deze voordelen aan autonome gemeentebedrijven te ontzeggen louter omdat ze geen “vennootschap” zijn in de zin van het WVV. Een discriminerende én concurrentieverstorende interpretatie.
M&A transactions are all about risk allocation between the buyer and the seller. Pro-sandbagging and anti-sandbagging clauses can seriously impact this risk allocation, so parties should negotiate and draft these carefully.
In ons land voorziet De Corporate Governance Code in bindende regels voor het bestuur van beursgenoteerde vennootschappen. Hiermee wenst men de transparantie van de financiële en structurele informatie naar de aandeelhouders toe te waarborgen
In recent years, Special Purpose Acquisition Companies or “SPACs” have gained tremendous popularity in the United States. In 2020 alone, one hundred SPACs accounted for approximately $80 billion in US public fundraising.
The reorganisation procedure aims to provide an opportunity for undertakings facing financial difficulties to continue their business and activities and is governed by the provisions in book XX of the Belgian Economic Law Code (“ELC”)
