Breakfast-Conference New companies and associations Code – What impact on the Belgian non-profit organisations?

On June 21^st , the Official Spanish Chamber of Commerce in Belgium and Luxembourg, in collaboration with its member KOAN Law Firm, organized a breakfast- conference about: “New companies and associations Code- What impact for the Belgian non- profit organizations?”.

The event gathered representatives of different companies, members of the Chamber and representatives of foreign delegations.

The speakers of the conference were Antoine Druetz (Partner at KOAN Law Firm) and Alix Degrez (Associate at KOAN Law Firm). KOAN is a business law firm based in Brussels and Paris. Koan is widely recognized for its top tier services.

The conference focused on the Draft Bill of the New Companies and Associations Code (CAC), which will be applicable from the next 1^st January for the newly incorporated associations and foundations, whereas in the case of the existing associations and foundations the deadline to make their Articles of Associations compliant with the CAC January 1^st, 2024.

This new Code shall have a wide importance within the Belgian business landscape, because amongst other things, it will repeal the Act of 27 June 1921 on non-profit associations, international non- profit associations and foundations.

Both speakers presented the main novelties that will be introduced by the new code, which will lead to important changes related to Commercial activities, registered seats as well as restructuration and transformations.

Both Antoine Druetz and Alix Degrez gave details about the new rules and principles established by this code and that will affect to the Belgian Companies and Associations. Among the most important amendments that will be implemented it is worth noting those that will develop the current doctrinal principles and rules, to fill in the gaps of the Law, as well as the global harmonization of companies, non- profit organizations, international non-profit organizations and foundations.

In this way, the attendees had the chance to get in touch deeply with the new provisions of the Code. The importance of the topic raised many questions among the attendees to the breakfast-conference.  Druetz and Degrez answered all the raised questions and attended all those who wanted to obtain more information about the various situations previously exposed in the conference.

Definitely, the event organized with our member KOAN Law Firm helped to understand much better the regulations of this new code, which undoubtedly will play an important role in Belgium these following years.