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The Belgian Private Limited Without Capital: How is it Faring?

Author

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  • Culot Henri

    (Professor at UCLouvain, member of the Brussels Bar (Prioux Culot + Partners), Louvain-la-Neuve, Belgium . Orcid 0000-0002-3421-6542. Parts 2 and 3 of this article are based on a contribution previously published in French by the same author (La SRL sans capital: quels sont les (réels) changements?, in: Olivier Caprasse/Henri Culot/Xavier Dieux (eds.), Le nouveau droit des sociétés et des associations. Le CSA sous la loupe, 2019, p. 153–182).)

Abstract

1The new Belgian Code of Companies and Associations, enacted in 2019, abolished the use of capital in the limited liability company. This important reform led to various changes in the rules applicable to this type of company, although several aspects of the previous regime generally associated with the concept of capital still remain in place. This article briefly describes the changes made in 2019 (2.) but also recalls the rules that have not been substantially modified (3.). It then brings together some observations on the economic players’ behaviour after almost four years of practice under the new rules (4.).2

Suggested Citation

  • Culot Henri, 2023. "The Belgian Private Limited Without Capital: How is it Faring?," European Company and Financial Law Review, De Gruyter, vol. 20(1), pages 1-26, February.
    • Handle: RePEc:bpj:eucflr:v:20:y:2023:i:1:p:1-26:n:9
    DOI: 10.1515/ecfr-2023-0001
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