April 2019
Parliament approves a Bill on the capacity remuneration mechanism (CRM)
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), please clic here. [Note, create [...]
March 2019
The (new) Belgian Code of Companies and Associations
29.03.2019 By Bert D'hondt After a long road she is finally there! On 28 February 2019, the Belgian Chamber of Representatives decided to approve the new Companies and Associations Code (hereafter also the CAC). The ultimate goal of this new CAC is - following the example of our neighbouring countries - to make Belgium more attractive, more competitive and more modern as a business location. Flexibilisation and simplification are therefore the basic pillars of the new Belgian company law. Below you will find a brief overview of the far-reaching changes that this new CAC entails. These changes will of course take shape as the new [...]
Abuse of economic dependence and unfair terms between companies (B2B)
On 21 March 2019 the Belgian Parliament adopted a Bill that added two concepts to the Belgian Code of Economic Law. On the one hand, the law adds a category of restrictive practices, in addition to agreements restricting competition and abuse of dominant position. From now on, companies will also be prohibited from abusing the economic dependence of another company if competition is likely to be affected on the Belgian market concerned or a substantial part of it. The provisions relating to the abuse of economic dependence will enter into force on the 13th month following the publication of the law in the [...]