Dissolution and liquidation in one deed is also known as ‘turboliquidation’ because of its speed compared to the ordinary procedure. Where speed is one of the biggest advantages of turboliquidation, there is also a downside to it. A good consideration of the procedure to be used is therefore always important. Conditions of application Since the…

Following the Council Implementing Regulation (EU) 2018/1912 of 4 December 2018, four ‘quick fixes’ were introduced regarding the VAT legislation applicable to intra-Community trade. These ‘quick fixes’ are mainly aimed at clarifying and simplifying this legislation and will apply from 1 January 2020. Apart from a simplification with regard to so-called ‘call-off stocks’, the obligation…

Because of the economic impact that the current pandemic and the government measures relating to it are having on many Belgian companies, the government decided to introduce a number of temporary measures to safeguard the livelihoods of such companies and to support (temporary) liquidity problems resulting from the government measures. These measures were taken in…

The worldwide corona pandemic brings with it unseen scenes, also in the field of the implementation of (international) agreements. Many contracting parties invoke force majeure to justify their failure to fulfil their contractual obligations. However, to what extent is this also legally correct? Contractual framework vs. legislative framework First of all, it is important to…