DO NOT FORGET TO COMPLETE THE UBO COMPLIANCE REGISTER / SEMINAR: NEW LAW ON B2B CONTRACTS
Dear Sir, Dear Madam,
The FLINN team would like to invite you to a free of charge seminar on the new Belgian law that will impact ALL B2B contractual relationships. The seminar will be held in our offices at avenue des Arts 46, 1000 Brussels, 6th floor.
DO NOT FORGET TO COMPLETE THE UBO COMPLIANCE REGISTER
By 30 September 2019 at the latest all Belgian companies (legal entities established in Belgium), from the smallest to the biggest, need to register their beneficial owners on a central register the Ultimate Beneficial Owner (“UBO”) Register (the “UBO Obligation”). The UBO Obligation is based on a law of 18 September 2017 on the prevention of money laundering and terrorist financing and on the limitation of the use of cash.
SEMINAR: NEW LAW ON B2B CONTRACTS
18 September 2019 from 18:30 until 20:30
The Belgian legislator has introduced a list of black and grey clauses and a new concept of economic dependency in order to “restore economic and legal balance” in B2B relations. One effect will be to give additional bargaining power to those negotiating deals with a stronger economic partner. The new law will gradually come into force as from 01 September 2019, so this is a key moment to review all contractual documents (including general conditions). The following questions, amongst others, will be addressed:
- When can we speak about a position of economic dependence ?
- When can we consider that a contract has a unreasonable imbalance between the rights and obligation of the respective parties ?
- What legal and economic risks may be transferred to the other contracting party?
If you would like to hear more from us, please click here for other forthcoming 2019 events involving FLINN!