June 2019
Renewable energy directive (2018/2001/EU)
On 4 December 2018 the revised renewable energy directive 2018/2001/EU entered into force, as part of the general Clean energy for all Europeans package. Hereby the EU adopted one of the most ambitious renewable energy policies in the world aimed at keeping the EU a global leader in renewable energy sources and help the EU meets its GHG (greenhouse gas) reduction commitments under the Paris Agreement (12 December 2015). Please find the link to this directive here.
UBO – Ultimate Beneficial Ownership
You, as a Belgian company/non-profit association, had until 30 September 2019 to register you ultimate beneficial owners (UBO’s) in the UBO register. There will be no further extensions, but the administration will apply a tolerance policy until 31 December 2019, during which time no sanctions will be applied. 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 [...]
Second chance for entrepreneurs: new rules on corporate insolvency
On 6 June 2019, the European Council approved the Directive on preventive restructuring systems, debt cancellation and professional prohibitions, as well as measures to improve the efficiency of restructuring, insolvency and debt cancellation proceedings. The general objective of the Directive is to contribute to the proper functioning of the internal market and to remove obstacles to the exercise of fundamental freedoms, such as the free movement of capital and the freedom of establishment, resulting from differences between Member States in restructuring and insolvency regimes. In addition, the objective is also to promote a "rescue culture" within the European Union based on the principle of [...]