New Legislation Sanctioning B2B Market Abuse
On 21 March 2019, the Belgian Parliament adopted a proposal for a law amending the Code of Economic Law with respect to the abuse of economic dependency, abusive clauses and unfair market practices between undertakings.
The legislature's intention was to protect the small and medium-sized enterprises which characterise the B2B environment in Belgium. However given the broad definition of undertakings in the Code of Economic Law, any undertaking (thus not only legal entities but also non-profit organizations, self-employed persons and large multinational such as Google) will be able to benefit from the new provisions.
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