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Code of Companies and Associations: Le nouveau rgime des ASBL

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12/11/2020
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 Code of Companies and Associations : « Le nouveau régime des ASBL », in Le Code des sociétés et des associations (pour qui n’en a pas encore entendu parler), UB3, Larcier, 2020, p. 85-129.

The new Code of companies and associations encompasses new rules not only for companies but also for (international) associations and foundations.

Valérie Simonart has summarized the new rules applicable to (domestic) associations, taking into account the modifications already brought by the law of 28 April 2020. Key changes concern the extension of the scope of activities permitted to associations and restrictions as to their purpose, the possibility for two members to incorporate an association and the alignment of the regime applicable to associations on that of companies on a series of issues, such as the possibility for the board of directors to take written decisions, the rules applicable to conflicts of interests and the liability of directors.