News

Luxembourg RCS: New Digital Procedures and Identification Requirements Starting November 2024

As of 12 November 2024, the Luxembourg Trade and Companies Register (“RCS”) will implement several procedural changes aimed at simplifying administrative processes and enhancing th

Fiduciary duties of company managers under Luxembourg law

The quantity of holding companies and fund related corporate entities, on top of the fairer number of commercial companies composing the Luxembourg economic environment leads inevi

The new Belgian Code on Companies and Associations

A New Company Code  On 23 March 2019, the Belgian Parliament approved a bill meant to fundamentally reshape the existing Company Code. The new Belgian Code on Companies and Associa

UBO Register: Mandatory disclosure requirements for Belgian companies

A law of 18 September 2017 provides for the creation of a centralized register of ultimate beneficial owners (‘UBO’) in Belgium. The royal decree determining the operating procedur

UBO disclosure obligations in Luxembourg

On 1st March 2019 a law dated 13 January 2019 implementing new disclosure obligations in relation to ultimate beneficial owners (“UBO’s”) of legal entities has come into force in L

The reasonable period of notice in the event of the unilateral termination of a sales concession by the licensor

Companies frequently use “sales concessions” to market and/or distribute their products. The sales concession differs essentially from other forms of commercial distribution by the

Amendment to the legislation on investment services and investment firms

Belgian law distinguishes between two categories of investment firms: brokerage companies; and portfolio management and investment advisory companies. “Brokerage companies” are aut

The law of 22 December 2017 amending and inserting provisions on payment accounts and payment services in various books of the Code of Economic Law

On 22 December 2017, the law amending and inserting provisions on payment accounts and payment services in various books of the Code of Economic Law was published in the Belgian Of

Publication of non-financial and diversity information by certain large undertakings and groups

The law of 3 September 2017 on the publication of non-financial and diversity information by certain large undertakings and groups (the “Law”) came into force on 21 September 2017.

Buying a business: asset deal or share deal?

When buying a business, is it preferable to acquire the assets of the target company (i.e. its business, in whole or in part) or the company itself (i.e. buying the majority or all

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