Companies have a lot more international debtors as a result of globalisation and internationalisation of trade, making the recovery of debts a lot harder. It is a good thing that the law is evolving more and more towards making the recovery of international debts simpler and faster.
Suppose a Belgian company has a claim on a French buyer, but the latter refuses to pay. The Belgian company therefore wants to seize the buyer's movable assets in France. Which steps should be taken to achieve this?
In an insolvency situation, the fate of ongoing contracts is something to be discussed. Such contracts are often closely linked to the essence of a company's business. For example, for (commercial) leases, the lessor's bankruptcy or the tenant's judicial reorganisation will probably result in discussions about the agreement, its (forced) execution and rental payment.
Onze recente blogartikels behandelden reeds verschillende onderwerpen omtrent de recente wetswijzigingen voor vennootschappen. Op 1 mei 2019 treden echter ook aangepaste regels in werking voor verenigingen. De VZW-wetgeving in de wet van 1921 op de verenigingen en stichtingen wordt immers mee opgenomen in het Wetboek van Vennootschappen en Verenigingen (hierna: “WVV”). Naast deze codificatie werden ook enkele wijzigingen doorgevoerd.
Op 7 juni 2019 heeft de Hoge Raad uitspraak gedaan in een procedure over de niet-voortzettingseis in de liquidatieverliesregeling die Loyens & Loeff namens een cliënt heeft gevoerd tegen de Belastingdienst.
In Short
The Situation: A draft law designed to substantially reform the Belgian Companies Code was submitted to the Belgian Parliament for review ("New Companies Code") on June 4, 2018.
The Result: The New Companies Code will lift a number of mandatory rules applicable to convertible bonds and to the general assembly of bondholders.
A previous article discussed the effects of a company's insolvency on its administrators (for further details please see "The personal bankruptcy of company administrators"). This article examines the effects of a bankruptcy between spouses and focuses on the waiver of remaining debts after the closure of the bankruptcy.
On 19 December 2018, the Council of the EU and the Parliament reached an agreement on the proposal for a directive on "preventive restructuring frameworks, second chance and measures to increase the efficiency of restructuring, insolvency and discharge procedures". The main objective of the directive is to enhance the rescue culture across EU.
La loi du 15 avril 2018 portant réforme du droit des entreprises bouleverse indéniablement la législation économique en Belgique. Désormais, la réglementation propre aux entreprises est refondue et englobe les associations (internationales) sans but lucratif (AS(I)BL) et les fondations notamment sous l’égide du Code de Droit Economique (CDE). Toutes les A(I)SBL sont maintenant pleinement considérées comme des entreprises. Mais quelles en sont les conséquences pratiques ?
Le concept d’entreprise redéfini