Royal Decree No 4: Introducing flexibility without losing sight of the rights of shareholders
Due to the COVID-19 pandemic and the measures taken to prevent the spread of the virus, various questions have been raised regarding the organisation of board and shareholder meetings.
In this regard, on 9 April 2020, Royal Decree No 4 containing various provisions on co-ownership and on companies and associations in the framework of the fight against COVID-19 (the "Royal Decree") was published in the Moniteur belge/Belgisch Staatsblad. The Royal Decree, which applies to all legal entities governed by the Code of Companies and Associations, introduces much-needed flexibility and provides legal entities with a number of options, without losing sight of the rights of shareholders.
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