Cross-border mergers, demergers and conversions: act transposing the European Mobility Directive published in the Belgian State Gazette

Flash
6 June 2023
Mergers & acquisitions
Corporate and M&A

The act of 25 May 2023 implementing EU Directive 2019/2121 of 27 November 2019, known as the Mobility Directive, has been published today, 6 June 2023, in the Belgian State Gazette.

The act changes the landscape for national and cross-border mergers, demergers and conversions (see our previous overview).

The act will enter into force on 16 June 2023, except for some provisions which require further technical implementation. Mergers, demergers and conversions (both cross-border and national) for which the proposal has been filed at the clerk’s office of the competent Enterprise Court at the latest on 16 June 2023 continue, however, to be governed by the old regime.

Please do not hesitate to contact us should you have any questions on this topic.

Felix Dobbelaere

Partner

Carl Clottens

Counsel

Eubelius assists The Organic Consumer Group with the acquisition of La Saponaria

Eubelius assisted The Organic Consumer Group (a Damier company) with its acquisition of La Saponaria, an Italian producer and distributor of...

Practices that M&A dealmakers should avoid: European courts clarify the concept of “gun jumping”

The Court of Justice of the EU (“CJEU”) has clarified which pre-closing veto rights and conduct should be avoided by parties to an M&A...

Changes in accounting treatment for new merger and demerger operations

The Royal Decree of 26 November 2023 regulates the accounting treatment of the new operations assimilated to mergers and demergers made...