McGuireWoods LLP (JD Supra Belgium)

13 results for McGuireWoods LLP (JD Supra Belgium)

  • Belgium: Nonprofit Associations and Foundations — The Ultimate Beneficial Owner Register Effective 31 October 2018

    Are you a member of the board of directors of a nonprofit association or a foundation? Are you entitled to represent one? Or do you perhaps exercise control or are you affiliated in any other way? Be aware that, from 31 October onward, you might have to register certain data to the General Treasury Administration under a new Belgian royal decree of 30 July 2018 creating the Ultimate Beneficial...

  • Belgium: The Ultimate Beneficial Owner Register Effective 31 October 2018

    Do you own more than 25 percent of the voting rights or share capital of a company? Do you have control over a company in any other way? Are you perhaps a senior managing officer within a company? Be aware that, from 31 October onward, you might have to register certain data to the General Treasury Administration under a Belgian royal decree of 30 July 2018 creating the Ultimate Beneficial Owner...

  • Belgian Retail Newsletter

    European Parliament wants harmonized franchising legislation 7 NOVEMBER 2017 - In September 2017, the European Parliament passed a resolution on the functioning of franchising in the European retail sector. This resolution has a non-legislative and non-binding nature, but is important since it could pave the way for harmonized franchising legislation across the European Union. KEY...

  • Stricter Sanctions For Companies Who Fail To File Their Financial Statements

    Since 12 June 2017, the commercial investigation chamber (chamber d'enquête commerciale / kamer voor handelsonderzoek) of a Belgian tribunal of commerce is entitled to refer a case to the tribunal in order to rule on the dissolution of a company when such company does not file its annual accounts (financial statements).

  • Belgian Retail Newsletter: FLEMISH REGION: Drastic reform of the Flemish permit landscape

    INTRODUCTION - For many years, various Flemish real estate projects (including retail, industrial, etc.) were subject to one or more permits: a building permit for the urban planning aspects, an environmental permit for the environmental/operational aspects, an allotment permit for the allotment aspects and a socio economic permit for the (larger scale) retail activity aspects. As each

  • New Belgian Crowdfunding Law: Requirements and Tax Benefits

    The Belgian Law of 18 December 2016 on crowdfunding will enter into force on 1 February 2017. The crowdfunding law creates a specific status for equity and debt crowdfunding platforms (referred to as “alternative financing platforms”) and prescribes operating requirements for both alternative financing platforms and regulated entities (credit institutions and investment firms) that engage...

  • Belgian Retail Newsletter: "Pop-up" stores: the new Flemish decree on short-term retail leases enters into force on 1 September 2016

    1. INTRODUCTION - A “pop-up” store is not a legally defined term under Belgian law. Rather it is a collective name for quite a recent phenomenon of retail stores that wish to be present on the market for a limited time only (e.g. a few weeks or a few months). The reasons why retailers choose a short-term presence rather than a long-term presence are diverse: testing the viability of...

  • Belgian Retail Newsletter: The Legislation On Commercial Establishments Or So-Called “Socio-Economic Permit” Legislation: From Federal To Regional (Part II)

    A prudent retailer seeking to open a point of sale in Belgium should check compliance with the legislation on commercial establishments1 which may require a declaration and/or a permit prior to the effective opening date. During various decades, the competence regarding commercial establishments was a competence of the Belgian federal state. Between 1975 and 2004 the Federal Act of 29 June 1

  • Belgian Retail Newsletter: The Legislation On Commercial Establishments Or So-Called “Socio-Economic Permit” Legislation: From Federal To Regional (Part I)

    A prudent retailer seeking to open a point of sale in Belgium should check compliance with the legislation on commercial establishments1 which may require a declaration and/or a permit prior to the effective opening date. During various decades, the competence regarding commercial establishments was a competence of the Belgian federal state. Between 1975 and 2004 the Federal Act of 29 June 1

  • Facebook Sentenced to a Daily Fine of 250,000 Euros by a Belgian Court

    Once again, Facebook is in the spotlight. On November 9, following the Recommendation 04/2015 of May 13, 2015, issued by the Belgian Data Protection Authority (Belgian DPA) that we mentioned in a previous blog post, a Belgian court sentenced Facebook, under high penalties, to stop profiling data subjects when they simply navigate on third parties’ websites. Following its prior investigations, the

  • Belgian Data Protection Authority Sues Facebook Over Privacy Breaches

    As already stated in a previous blog post, on May 13, 2015, the Belgian Data Protection Authority issued a recommendation in which it expressed its concern about Facebook tracking users, non-users and logged-out users without their consent. It added that a failure to address such a situation would be seen as a breach of EU data protection laws.

  • Commercializing Financial Products to Retail Clients in Belgium

    On 12 June 2014, the Royal Decree of 12 April 2014 regarding certain information requirements governing the commercialization of financial products to non-professional (retail) clients was published in the Belgian Official Gazette (the “Royal Decree”). The Royal Decree goes into effect on 12 June 2015.

  • Spira’s Antitrust Complaint Against De Beers Reaches the End of the Road

    The long-running battle, started in 2003, between Belgian rough diamond dealer Spira and diamond producer De Beers came to an end recently. Spira had sought to convince the Belgian Competition Authority (BCA) to intervene against De Beers’ Supplier of Choice (SOC) distribution system. The BCA, citing its enforcement priorities and the position at EU level, has now rejected Spira’s complaint and...

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