New Companies and Associations Code

We are pleased to announce that the new Belgian Code on Companies and Associations (the “Code”) has been approved by Parliament on 28 February 2019. As to existing companies and associations, the new Code will enter into force on 1 January 2020. As such, these existing companies and associations will have until 1 January 2024 to update their articles of association. Nevertheless, companies and associations already have the possibility to amend their articles of association as from 1 May 2019 in accordance with the new Code and take advantage of the many new possibilities and flexibility provided by the new Code. As to companies and associations incorporated as from 1 May 2019, these will have to apply the new Code as from their incorporation.

 

In this section of our website you can find some more insights around the new Code written by our corporate lawyers.