http://www.laga.be daily 1 2008-10-04T07:16:18Z http://www.laga.be/newsroom/legal-news/implications-of-new-eu-social-security-regulation-on-supplementary-pension-capital Every supplementary pension capital paid out in Belgium is subject to two withholdings by way of social security contribution: the contribution relating to the legal sickness insurance (3.55 % of the pension capital) and the so called solidarity contribution (2 % of the pension capital). These two withholdings are also carried out on supplementary pension capital paid by Belgian group insurers or Belgian pension funds to people who live abroad and who are not subject to Belgian social security. No publisher ldesmedt Employment, social security and immigration law Employment, social security & immigration law 2010-07-02T12:22:34Z News Item http://www.laga.be/newsroom/legal-news/the-belgian-limited-ready-to-go To answer the growing concerns of new and young entrepreneurs, a new type of private limited liability company has recently been introduced under Belgian law[1], the BVBA-Starter / SPRL-Starter (or S-BVBA / S-BVBA). No publisher laga Corporate law, mergers & acquisitions, private equity 2010-07-01T16:34:10Z News Item http://www.laga.be/newsroom/legal-news/transfer-premium-for-lighter-work-2 Older employees who transfer from heavy work duties to lighter work – while in service for the same employer and with his consent– and suffer a income loss, can once in their professional career apply for a so-called transfer premium with a payment institution of their choice as from 1 May 2010(1). No publisher gdelbury 2010-06-15T09:51:28Z News Item http://www.laga.be/newsroom/legal-news/supplementary-pension-schemes-in-case-of-secondment In Belgium, all supplementary pension schemes must comply with the Law of 28 April 2003 on Supplementary Pensions (abbreviated as “WAP”). It is generally assumed that the provisions of this Law are mandatory. This means that Belgian supplementary pension schemes cannot deviate from them. No publisher gdelbury Employment, social security and immigration law Employment, social security & immigration law 2010-05-28T07:20:29Z News Item http://www.laga.be/newsroom/legal-news/working-tools-sometimes-at-the-expense-of-the-employee According to Article 20, 1° of the Act on employment contracts, employers must, in principle and amongst other, provide their employees with the aid, tools and material necessary to carry out their work. This requirement is applicable “except contrary stipulation”. No publisher gdelbury Employment, social security and immigration law Employment, social security & immigration law 2010-06-02T08:43:20Z News Item http://www.laga.be/newsroom/legal-news/recharged-capital-losses-on-shares-within-context-of-global-stock-option-plan-not-deductible-according-to-the-brussels2019-court-of-first-instance The Court of First Instance of Brussels recently (16 April 2010) ruled that capital losses on shares recharged by a non-resident parent company to its Belgian subsidiary are not deductible. To the best of our knowledge, this is the first time a court has rendered a (negative) decision on this matter. This court decision conflicts with the approach generally adopted in practice by multinational enterprises in respect of global stock option plans. No publisher ffonder 2010-05-19T14:44:36Z News Item http://www.laga.be/newsroom/legal-news/timely-preparation-submission-and-filing-of-annual-accounts The managing body of Belgian companies (“companies limited by shares, private limited liability companies, cooperative companies ") is obliged to prepare its annual accounts, to submit them to the annual ordinary general meeting and to file its annual accounts with the National Bank of Belgium within the legally foreseen terms. No publisher gdelbury Corporate law, mergers & acquisitions, private equity 2010-06-15T09:43:25Z News Item http://www.laga.be/newsroom/legal-news/stricter-rules-apply-to-time-credit-benefits Since 1 March 2010[1] stricter rules apply to time credit benefits granted by the National Employment Office (hereinafter “NEO”). No publisher gdelbury Employment, social security and immigration law Employment, social security & immigration law 2010-04-21T15:22:28Z News Item http://www.laga.be/newsroom/legal-news/compensation-for-dismissal-of-workers-on-part-time-parental-leave-modified As of 10 January 2010, new rules have to be applied when calculating compensation for the dismissal of workers with reduced working hours during a parental leave.[1] No publisher laga Employment, social security and immigration law Employment, social security & immigration law 2010-04-06T16:06:24Z News Item http://www.laga.be/newsroom/legal-news/the-act-on-the-corporate-governance-statement-and-the-remuneration-of-directors-and-executives-of-listed-companies In the wake of various international initiatives, the Belgian legislator has set its rules on the bonuses and severance payments for the directors and executives of listed companies, as announced frequently by the press during the last few months. These new rules are included in a broader act “on the enhancement of corporate governance for listed companies and autonomous public undertakings and on the amendment of the rules with regard to the prohibition against pursuing functions in the banking and financial sector”. The text of the act is final and is awaiting publication in a few days. No publisher gdelbury Corporate law, mergers & acquisitions, private equity 2010-03-26T10:46:20Z News Item