The Spreds Blog

New company law | Part 5: Abolishment of the concept of share capital

— Updates | Other — 3 minutes read

The recent revision of the Code of companies and associations (“CCA”) is characterized by fundamental changes in the regime of the private limited liability company (the former SPRL/BVBA) and in particular the abolishment of the concept of share capital for that type of company. The former SPRL/BVBA had to have a minimum share capital of EUR 18... read more

New Company code | Part 4 : Governance and seat theory

— Updates | Other — 5 minutes read

This article aims to highlight the major changes made by the new Code of Companies and Associations with regards to the governance of companies. As a reminder, the rules regarding the incorporation of a company have been modified. In fact, the obligation of a certain base capital for the creation of an SPRL/BVBA is no longer necessary for the SRL/BV (same change applies for the SC/CV)... read more

New Company code | Part 3 : The public limited liability company

— Updates | Other — 3 minutes read

With regard to the public limited liability company (the SA/NV), many changes have been incorporated into the new Code of Companies and Associations that came into force in May this year. Public limited liability companies have therefore been the subject of a general revision with the aim of harmonising and making the rules relating to this type of company easier for the entrepreneur... read more

New Company code | Part 2: The Private Limited Liability Company

— Updates | Other — 2 minutes read

As you know, on May 1, 2019 a new Code of Companies and Associations came into force bringing many changes for companies. One of the peculiarities of this new legal instrument is the reduction in the number of corporate forms with the view to simplifying the choice of legal status for the entrepreneur... read more