The New Belgian Companies and Associations Code: What is changing?

The new Companies and Associations Code has been approved by the Belgian Parliament on February 28, 2019. This Code replaces the current Companies Code as well as the Law on Associations and Foundations and the Law on Professional Associations. It extensively rewrites the rules regulating companies, associations, and foundations.

The new Code will enter into force on May 1, 2019.

During this seminar we will provide an overview of the major changes brought by the new Companies and Associations Code. Topics will include:

• The corporate forms remaining after the reform
• The new BV/SRL and the abolishment of capital requirement
• The new NV/SA
• Governance models in the BV/SRL and NV/SA
• Rules on directors’ liability
• Voting rights
• Conflicts between shareholders
• The integration of the rules for associations and foundations
• Entry into force and transitional implementation process

One of the innovations of the reform is the introduction of a cap on the liability of directors, which opens perspectives for review of D&O insurance policies. We have invited a speaker of Zurich Insurance to discuss D&O risks and insurance opportunities.

Agenda
9:00 – 9:30: Welcome and Breakfast
9:30 – 11:00: Major Changes of the Reform – Part I
11:00 – 11:30: Coffee break
11:30 – 12:30: Major changes of the reform – Part II / Directors’ & Officers’ Liability and Risk Management
12:30 – 13:30: Sandwich lunch

Languages: FR/NL Alternatively

Presented by: IJE/IBJ and Crowell & Moring in corporation with Zurich Insurance

For questions about this seminar, please contact Danica Schiefer.