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TSUNAMI OF NEW LEGISLATION IN BELGIUM

Legislation in Belgium is transforming at top speed.Whilst procedural law has already been changed significantly in several phases since 2015, the legislator has recently planned some major additional reforms in construction law, civil law, criminal law and business law.A new regulation on public procurement entered into force as of the 30th of June 2017 in order to comply with the EU directives 2014/24/EU and 2014/25/EU. Real estate and construction projects in Flanders will have to comply with the new regional regulations on spatial planning and insulation as of the 1st of January 2018 and a new Belgian legislation concerning the mandatory insurance on professional liability of construction companies, architects and civil engineers will enter into force as well.Another big reform concerns the new Civil Code. The reformed inheritance law will enter into force as of the 1st of September 2018.  Furthermore, matrimonial property rights will be modernised in the summer of 2018. A committee of specialists recently presented the drafts of the books II (property law), VI (law of obligations) and VIII (rules of proof) of the new Civil Code.The Criminal Code and insolvency legislation will be reformed and implemented during 2018 as well.The biggest transformation is a whole new Company Code, in which some (important) company forms will disappear and others will be simplified. This will mean bigger flexibility for entrepreneurs and a lower threshold to set up companies in Belgium. The intention of the government is to introduce the new Company Code by the end of 2019.

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