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We hope you used your summer holidays to peruse the 1,422 pages of the new Company Code bill and legislative history in order to get a better view of:

  • the new rules to take into account for a distribution of profits (including, amongst other things, a new 12-month liquidity requirement, in addition to the current net assets test);
  • amended director's liability rules, with the introduction of liability caps and amended rules on the appointment and removal of directors; and 
  • the new capital requirement rules, the possibility to incorporate companies without capital and the potential tax consequences of the BEPS debt/equity ratios.

Don't worry if you didn't though because we've got you covered. On Thursday, 8 November, NautaDutilh will organise a seminar on the impact of the new Company Code on private equity transactions.

Given the extensive changes the new code entails, it goes without saying that it will affect all Belgian companies in various ways. This is a great opportunity to assess the challenges and newly created opportunities.

The seminar will take place from 12.00 until 14.30 at our Brussels office.

If you are interested in this topic, and would like to register, please send an e-mail to

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