New publication in Accountancy & Bedrijfskunde

On May first 2019, the new Belgian corporate law, “Wetboek van vennootschappen en verenigingen” (WVV) replaced the former “Wetboek van Vennootschappen” (W.Venn.). In this study, we focus in-depth on one specific novelty: the replacement of the former “Private Company with Limited Liability” (BVBA) by the “Private Company” (BV). Earlier, Belgium had voluntarily chosen to apply many of the stringent European regulations to the former BVBA. The BV now ends this phenomenon of “goldplating”. Although existing literature gives a profound justification to include less stringent regulation in corporate law, there is a gap in the literature when it comes to the impact on practice. This research reveals important insights for practitioners by means of a qualitative (interviews) and quantitative (database) study. In doing so, we conclude that the new BV, although much more flexible, does not differ fundamentally from its predecessor.

Read our full article here: Van BVBA naar BV: what’s in a name? . (article written in Dutch)

Reference: Waeye, D., Maussen, S., & Everaert, P. (2022). Van BVBA naar BV: what’s in a name? Accountancy & Bedrijfskunde 2022(2): 20-38.

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