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  08/10/2024

  Belgium

  The new payment rules in public procurement are also of relevance in the healthcare sector

  GB NL FR

  The new payment rules (Royal Decree of 12 August 2024) put an end to the classic distinction between the verification period and the subsequent payment period. Starting from 1 January 2025, a single processing period will be the starting point. For hospitals (and other contracting authorities active in the healthcare sector), a processing period of 60 days will be applied, which can be extended, where necessary, by a verification period of 30 days, particularly for contracts related to their specific activity in the healthcare sector. In this newsletter, the rules specific to healthcare sector...

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  07/10/2024

  Belgium

  Belgium’s regions pass new registration and inheritance tax rates

  GB NL FR

  Following the Belgian general elections last May and the formation of new regional governments, Belgium has experienced a downward trend in registration and inheritance taxes, which are largely the responsibility of the regions.The following article outlines the measures introduced by each region.Walloon Region On 12 September, the new Walloon government presented details of the new tax measures planned for registration tax and inheritance tax.As of 1 January 2025, the rate of registration tax applicable to properties intended to become one's sole residence will be significantly reduced. It...

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  07/10/2024

  Belgium

  The Repairability and Durability Index: a New Challenge for Industry Players

  Inspired by similar initiatives in France and at European level, Belgium is introducing the obligation to display a repairability and durability index for certain products on the market. The Act on the promotion of the repairability and durability of goods was adopted on 17 March 2024 and the first Royal Decrees needed to implement the Act were published last month in the Official State Gazette.The first Royal Decree determines the goods covered by the reparability index, the technical standards for establishing the scores for each of the criteria and the method for calculating the reparability...

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  04/10/2024

  Europe

  The EU Deforestation Regulation: deferred application, updated guidance and new FAQs

  On 2 October 2024, the European Commission published a proposal for a new legislative act which would defer the application of the recently adopted EU Deforestation Regulation (EUDR) by 12 months, citing the concerns raised by international partners about EUDR and the need to allow them and affected entities additional time to prepare.Separately, the Commission published updated Guidance on the interpretation of some of the key provisions of the EUDR and an updated, lengthy, Frequently Asked Questions document.BackgroundThe EUDR, which is an EU statute designed to ensure that no products or commodities...

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  04/10/2024

  International

  A week in the world of ESG

  A lot can happen over the course of a week in the world of ESG. Since Wednesday 25 September 2024, there have been several important developments in Europe and the US and, while we don’t claim to cover every development, this is a summary of those that have most captured our interest and attention.As ever, please reach out if you would like to discuss any of these areas in more detail.European Commission begins infringement process regarding transposition of the CSRDOn Thursday 26 September 2024, the European Commission (“EC”) announced that it has sent letters to 17 EU Member...

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  02/10/2024

  Belgium

  First annual report on Belgian foreign direct investment screening

  On 1 June 2022, following the adoption of Regulation (EU) 2019/452 of 19 March 2019 establishing a framework for screening foreign direct investments in the EU, the various Belgian competent governments concluded a draft cooperation agreement, ratified by all competent Belgian parliaments, which aimed to introduce a foreign direct investment (“FDI”) screening mechanism in Belgium.The FDI control mechanism, which entered into force on 1 July 2023, provides for a mechanism of mandatory ex ante notification to the Interfederal Screening Committee (“ISC”) for investment projects...

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