July 2019
Ultimate Beneficial Ownership – tolerance until 31 December 2019 !
You, as a Belgian company, have still time until 30 September 2019 to register you ultimate beneficial owners (UBO’s) in the UBO register. The UBO register is the electronic register managed by the FPS Finance. The UBOs of all companies, (international) non-profit organisations, foundations, trusts and legal entities governed by Belgian law, comparable to a trust or a fiduciary, must be entered there. The partnerships are also targeted. The aim of this is to make it clearer to the investigative authorities who are in charge of a tangle of companies and constructions and who could possibly launder money and finance terrorism. Learn more [...]
International Enforceable title
For a person to enforce a right, an enforceable title has to be obtained, which can subsequently be enforced. This matter is regulated by a number of bilateral and multilateral treaties as well as national provisions. At European level, certain exceptions apply for certain Member States. 1. Obtaining an enforceable title The main treaties relating to the international jurisdiction of courts in international matters are as follows: At European level (EU): Regulation (EU) No. 1215/2012 of 12 December 2012 on jurisdiction and the recognition and enforcement of judgments in civil and commercial matters With Switzerland, Norway and Iceland: The so-called "Lugano" Convention (bis) [...]
CRM – Capacity Remuneration Mechanism
On 4 April 2019, the Belgian Parliament approved a Bill on the capacity remuneration mechanism (CRM). The CRM complements the existing energy markets and ensures that sufficient capacity is available to secure the supply of electricity. This mechanism also meets the concerns of Belgian companies with the imminent nuclear phase-out by 2025. After all, a lot of people are wondering: Will there still be enough energy availability after the Belgian nuclear ‘exit’ to avoid blackouts at certain times? For further information on the energy capacity auctions (of which the first round starts in the fourth quarter of 2021), I refer to the following Dutch [...]