The numerous crisis measures taken against the spread of the COVID-19 virus have hit the economy hard. Companies' cash reserves are obviously limited and the total or partial disappearance of their income may threaten their continuity. Measures taken to relieve business cash flow (see our article here) are not always enough to ensure their [...]
In the crisis we are going through, many viable companies are at risk of having their continuity temporarily shaken, despite the measures taken by the public authorities. These companies will ultimately find an ally in the judicial reorganization process (PRJ) by collective agreement. This procedure results in the suspension of forced sales and bankruptcy proceedings for [...]
Article 2:7 §2 of the new Code of Companies and Associations ("CSA") provides that the coordinated articles of association of legal persons must henceforth be publicly available for consultation in a database system organised by the Royal Federation of Belgian Notaries: https://statuts.notaire.be/. It is also possible to download a version of the statutes certified by the [...]
The United Kingdom officially withdrew from the European Union on 31 January 2020. This does not mean that everything changed overnight, as the UK and the European Union agreed on a transition period, at least until 31 December 2020. During this period, almost all the provisions of the European law will continue to apply to the [...]
Since 1 January 2020, the new Code of Companies and Associations (“CSA”) is applicable to all companies. The mandatory provisions of the CSA are now automatically applicable to every company, even the ones who have not yet adapted their articles of association to these new rules. Residual provisions shall only apply insofar the articles of associations [...]
