In practices, we see some common mistakes appear repeatedly in commercial contracts concluded between western parties and Chinese parties. Those mistakes may lead to serious negative legal consequences (such as invalidity of the contract), however, they are also very easy to avoid. The way is to know the mistake when you are making one.
Bespreking van het arrest van het Arbeidshof Gent van 12 oktober 2020 inzake de Achbita-zaak.
The Flemish government already announced on 29 May 2020 that they would provide a commercial lease loan (‘handelshuurlening’ / ‘prêt de bail commercial’) to tenants who were forced to close their businesses due to COVID-19.
In response to the current situation pursuant to Covid-19, the Royal Federation for Belgian Notaries has issued certain guidelines for the Belgian Notaries.
Throughout the world, countries take a multitude of measures in an effort to limit the economic impact of COVID-19. The PwC network has compiled an overview of the different measures that are available to support businesses in +50 countries around the globe.
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In response to the current situation pursuant to Covid-19, the Royal Federation for Belgian Notaries has issued strict guidelines for the Belgian Notaries.
In order to avoid physical contact and the spreading of the virus as much as possible, Belgian Notaries are only allowed to pass notarial deeds if such deeds are extremely urgent or if the financial consequences would be too big should the deed not be passed.
We could hardly pretend that one single approach could help any company sail over its regulatory and compliance challenges. And certainly not in Belgium, especially for SMEs.
In recent years, a lot of new regulations have been introduced around the world to combat bribery and corruption in business. Moreover, fines totalling more than eleven billion euro have been issued in six years
Compliance has become a key concern not only in the financial sector but in business circles in general.
On 24 January 2018 the National Bank of Belgium (hereafter “NBB”) published its Circular 2018_02 on the overall assessment of money laundering and terrorist financing (hereafter “ML/FT”) risks.
