Newsletter 06-2017

Dear reader, please find herewith our Newsletter with the following content:

Chamber approves amendments
to the RREC Act

On 5 October 2017, the bill amending the Regulated Real Estate Companies Act of 12 May 2014 (“GVV-wet”) was approved by the Chamber of Representatives and submitted to the King for ratification.
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Road book on private mergers
and acquisitions in Belgium
(part 4)
Acquisition Finance

This section of our M&A road book briefly describes the main sources and developments of financing of the majority of the Belgian M&A transactions as well as certain financing issues that need to be considered and adhered to when financing a deal.
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The "UBO register"
A new instrument in the fight against
money laundering and terrorist financing

The UBO register, or the "register of ultimate beneficial owners", has been introduced by the law of 18 September 2017 transpositing Directive (UE) 2015/849 into Belgian law.
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Institution of the
National Pledge Register

Recently, a Royal Decree organising the conditions and the fees payable to consult and use the National Pledge Register was published. The register should be operationalat the latest on 1st January 2018.
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The property manager and the
Crossroad Bank of Enterprises

Since 1 April 2017 all property managers of an association of co-owners (“ACO”) must be registered with the Crossroad Bank of Enterprises (“CBE”).
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No VAT for the lease of real estate
to professionals

The optional VAT regime on the lease of real estate, announced in an earlier article on our website, will not be introduced after all because of the excessive impact of our country's budget.
Read more

We hope you enjoy the reading and we invite you to discover the other online publications on our website
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Newsletter 06-2017