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ARTICLE · 14 FEBRUARY 2018

Bill On Reform Of Belgian Business Law

Van Bael & Bellis
Van Bael & Bellis
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Van Bael & Bellis

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On 7 December 2017, a Bill on the reform of business law was submitted to the Federal Chamber of Representatives.

BelgiumAntitrust/Competition Law

On 7 December 2017, a Bill on the reform of business law (Wetsontwerp houdende hervorming van het ondernemingsrecht/Projet de loi portant réforme du droit des entreprises – the "Bill") was submitted to the Federal Chamber of Representatives. The Bill centres on a new definition of the concept of a "business" and amends to this effect the main Belgian legislation in the area of business law (See VBB on Belgian Business Law, regarding the draft version of the Bill, Volume 2017, No. 7, p. 3, available at www.vbb.com).

New concept of business

The Bill introduces a new, more inclusive, definition of the term "business" (onderneming/entreprise). The new definition will be inserted in Article I.1 of the Code of Economic Law of 28 February 2013 (Wetboek van Economisch Recht/Code de droit économique – "CEL") and is based on formal criteria.

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