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ARTICLE · 25 SEPTEMBER 2018

Greater Flexibility For Belgian Companies Issuing Bonds

Jones Day
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The Situation: A draft law designed to substantially reform the Belgian Companies Code was submitted to the Belgian Parliament for review ("New Companies Code") on June 4, 2018...

BelgiumFinance and Banking
Matthieu Duplat
Matthieu Duplat
Aurélie Cautaerts
Aurélie Cautaerts
Roxane De Giey
Roxane De Giey
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In Short

The Situation: A draft law designed to substantially reform the Belgian Companies Code was submitted to the Belgian Parliament for review ("New Companies Code") on June 4, 2018.

The Result: The New Companies Code will lift a number of mandatory rules applicable to convertible bonds and to the general assembly of bondholders.

Looking Ahead: Belgian companies will have much greater flexibility in issuing bonds (including convertible bonds) once the New Companies Code comes into effect.

The Belgian Council of Ministers submitted a draft law to the Belgian Parliament on June 4, 2018. The draft law is designed to substantially reform the Belgian Companies Code, in view of promoting greater flexibility and competitiveness for Belgian companies.

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