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…
A new decade traditionally comes with a new edition of the Incoterms. The main differences between the Incoterms 2010 and the new version of 2020 are discussed below. The Incoterms 2020 contain seven major changes compared to the Incoterms 2010. These cover: Bills of lading with an on-board notation and the FCA Incoterms rule; Costs,…
The new Belgian company law entails a large number of changes in the legal landscape. To what extent do these changes affect the liability of the shareholder? General principles The liability of the shareholder depends on the type of company. For example, there is unlimited joint and several liability on the part of the shareholder…
On request of VOKA International, Mr. Theo Macours provided his assistance for the ‘Expert International’ program of VOKA, where experts share their international expertise with start-ups as well as with companies already in the acquisition or transition phase. For more information, the website of VOKA can be consulted: www.voka.be/expert-international. Scenario What is the importance of…