The new Belgian Code of Companies and Associations (BCCA) entered into force on 1 May 2019 for companies incorporated after that date.
For companies in existence as at 1 May 2019, the BCCA will enter into force as of 1 January 2020, unless they decide to voluntarily opt in to the rules before 1 January 2020. They are also obliged to update their bylaws according to the terms of the BCCA prior to 1 January 2024.
Click here for our article on those aspect of the reform which may have an impact from an HR-perspective within the most commonly used limited liability companies (LLC), i.e. public limited liability companies (NV/SA) and private limited liability companies (BV/SRL).