Belgium: Contracts and Commercial Law

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Article
Limited Payment Terms In B2B Relationships
New Belgian legislation introduces stricter payment terms for business-to-business transactions, capping payment periods at 60 days and eliminating contractual flexibility around invoice receipt dates. The Act of 14 August 2021 strengthens protections for creditors by imposing automatic penalties on late-paying debtors, including a 10.5% interest rate and fixed recovery costs, fundamentally reshaping commercial payment practices.
Belgium Commercial
A
Altius
Article
CRD VI: Belgium Adopts New Rules For Third-country Branches Banking Activities
Belgium has adopted its CRD VI transposition law, introducing a harmonised regime that requires non-EEA banking institutions to establish NBB-authorised branches when providing core banking services in Belgium. The new framework, which takes effect on 11 January 2027, marks a significant shift from Belgium's previous approach that generally permitted cross-border lending without local authorisation.
Belgium Finance
LL
Loyens & Loeff
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