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The European Parliament and the European Council have reached a political agreement on the fifth anti-money laundering Directive. Several measures relate to the ultimate beneficial owner register (hereafter “UBO register”) and aim at increasing transparency on who really owns companies and trusts. The main changes are the following : Public access to all national UBO registers of legal entities operating in the EU; Interconnection of national registers; Access to UBO registers for trusts without restrictions to competent authorities, Financial Intelligence…...

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It has been difficult to miss in the press coverage over the last few weeks: we are on the verge of major reforms in the Belgian corporate and tax laws. During this joint corporate and tax seminar, you will learn more about some of the important changes envisaged by these reforms and what they mean for your business. During this lunch seminar, we shall focus on the following topics: Corporate law reform – capital and distributions: For the first time…...

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Saskia Lust and Barbara Albrecht contributed to the Belgium Chapter of the publication Getting the Deal Through: Private Client 2018. The article is freely accessible via this link. Reproduced with permission from Law Business Research Ltd. Getting the Deal Through: Private Client 2018  (published in October 2017; contributing editors: Anthony Thompson and Sara Walter, Forsters LLP). For further information please visit gettingthedealthrough.com....

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The new Belgian Company Code: (R)evolution in the Belgian corporate landscape requiring changes to the tax and accounting framework On 20 July 2017, the Belgian government approved the draft bill for a new Company Code. The Council of State examined the draft bill and delivered its advice on the 11th of October, effectively clearing the path to introduce the draft to Parliament in the next few weeks. The highly anticipated new Belgian Company Code (in short: BCC) will introduce major…...

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This article is only available in Dutch....

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De regering heeft een wetsontwerp ingediend in de Kamer om Nederlandse A.O.W.-uitkeringen van Belgische rijksinwoners altijd te kunnen belasten als pensioen. De regering wil alle A.OW.-uitkeringen van Belgische rijksinwoners kunnen belasten als pensioen. Het huidig Wetboek Inkomstenbelastingen laat dat niet toe. In een in de Kamer ingediend wetsontwerp worden alle inkomsten toegekend in het kader van een wettelijke sociale beschermingsmaatregel, belastbaar gesteld als pensioen. De regering wil zo de (cassatie)rechtspraak buiten spel zetten die wordt beschreven in onze nieuwsbrief van…...

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On 6 December 2017, the European Court of Justice delivered its long-awaited judgment in Coty Germany. Coty is a supplier of luxury cosmetics in Germany. It sells its products via a selective distribution network, in order to protect the luxury image of its brands. One of the measures through which Coty sought to safeguard that luxury image was to introduce a restriction on online sales preventing Coty’s distributors from using third-party websites in a discernible manner. According to the restriction,…...

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This article is only available in Dutch....

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Belgian authorities have recently adopted guidelines on the use of the term ‘artisanal’ and its derivatives in the names of products. The guidelines apply to all food and non-food products marketed in Belgium unless other rules apply. Food business operators which are not established in Belgium but operate on the Belgian market are also required by Belgian authorities to adhere to the guidelines. When a product can be called ‘artisanal’? There are cumulative criteria for a product to qualify as…...

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On 21 November 2017, the European Commission has published the Commission Notice on the application of the principle of quantitative ingredients declaration (QUID) which provides further guidance on the obligation to indicate the quantity of ingredients required by Regulation 1169/2011 on the provision of food information to consumers. The Notice replaces and complements the guidelines on QUID adopted in 1998 under Directive 79/112/EEC. Obligation to indicate QUID According to the FIC Regulation 1169/2011, the quantitative ingredients declaration - so-called “QUID”…...