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The limited liability company without capital

The complete redrawing of the limited liability company rules make the limited liability company the company form par excellence.

The key feature of the Belgian Company Code is undoubtedly the simplification and flexibilization of the private limited liability company.

Are you prepared for the new Company Code?

The long-awaited new Code of Companies and Associations will become a reality in the course of 2019.

Both existing and newly-established companies should begin preparing themselves.

Directors’ liability: The new Belgian Company Code will lead to more flexibility

The new Belgian Company Code (BCC) contains a number of corrections to the general principle of directors’ liability.

The new Belgian Company Code now explicitly states that directors must exercise their general duties with reasonable care, skill and diligence.

Dissolution and liquidation in one notary deed

Below we highlight some important changes.

The new BCC allows for the dissolution and liquidation of a company in one notary deed.

Governance structure of a public limited liability company (NV/SA)

The introduction of the BCC will impact the composition of the board of the NV.

With the new Belgian Company Code the composition of the NV board is more flexible with the creation of 3 governance regimes: monistic governance, sole director and dual governance.

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