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 authorized to provide the full range of investment services and to carry out all investment activities provided for by law and the MiFID Directive. Their prudential supervision is carried out by the NBB, which […]
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 Official Gazette. Most of the articles of this law will come into force on 1 February 2018. With 32 articles, this law aims at transposing […]
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. It transposes Directive 2014/95/EU of the European Parliament and the Council of 22 October 2014 and amends Articles 96 and 119 of the Companies Code concerning […]
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 its shares)? The practitioners’ jargon distinguishes between an asset deal and a share deal. Special attention should be paid as the consequences […]