Monthly : April 2020

COVID-19 and cross-border employment: is Belgium heading for a “force majeure” approach with its neighbouring countries?

30 April 2020

In our newsflash of 15 April 2020, we were pleased to inform you that the Netherlands and Germany came to a mutual agreement regarding a “force majeure” tolerance for cross-border employment situations that are impacted by the coronavirus (COVID-19) pandemic. The Dutch-German agreement certainly embodies the recent OECD recommendations of 3 April 2020 (see our

COVID-19 #12 Corporate simplification: transitioning into a cost-efficient, substance-based and sustainable corporate structure

30 April 2020

The current economic context highlights the need for multinational groups to realise savings, optimise cash movements within the group, rationalise management structures and/or reorganise their supply chain. Globalisation and also single sourcing of products (often only from China) made companies vulnerable for a disruption of their supply chain as has happened with many by this

New measures for open-ended public undertakings for collective investment against the consequences of the COVID-19 epidemic

29 April 2020

Summary The Royal Decree of 22 April 2020 aims to protect open-ended public undertakings for collective investment (“UCIs”) against the consequences of the COVID-19 epidemic and in particular protect the liquidity of such UCIs. UCIs that are confronted with redemption requests of their units have to sell, often at unfavourable prices, positions in their portfolios