Government measures in key jurisdictions 2nd edition final pages - Flipbook - Page 16
Belgium
8
Company
law matters
•
Moderation of the administrative fines related to road pricing.
•
Adaptation of the time limit to benefit from the favorable regime in the event of a
resale of a property within two years.
•
Exceptional reduction of the registration fee for mortgage mandates to 0%.
•
Reduction of the tax to 1/12 per month of compulsory closure for automatic leisure
equipment.
•
For more information, please view here.
The Belgian government published on 9 April 2020 a Royal Decree to allow deviations
from the conditions of convening shareholders’ meetings under the Code of
Companies and Associations, due to social distancing requirements.
Have any measures In respect of shareholders’ meetings which have been called or will be called between 1
been put in place March 2020 and 30 June 2020, the following deviations are possible:
to accommodate
•
Firstly, the shareholders’ meeting can be held remotely (through videoconference),
social distancing
and/or through a proxyholder, even if the articles of association does not provide
(such as remote
this possibility.
general meetings)?
•
Secondly, the shareholders’ meeting can be postponed to a later date of the
choice of the company. In particular, for annual shareholders’ meeting which
needs to approve financial statements of the company and file them with the
National Bank of Belgium within six months following the closing of financial year,
a postponement of the approval and filing is possible within maximum 10 weeks.
However, certain general shareholder’s meetings (for example, when the net asset
drops below zero) cannot be postponed.
For more details on this royal decree, please refer to: Royal Decree No. 4
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Government measures in key jurisdictions