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Belgium: COVID-19 Tax Alert – Time limitation to loss carry-back regime

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A recent Law has shortened the initial period to which losses incurred by Belgian taxpayers in the course of the COVID-19 crisis can be carried back under the general one-off loss carry-back regime from December 31, 2020 to July 31, 2020 Read about it in our newsflash.

EU: COVID-19 Government support update

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On 2 July 2020, the EU Commission for the first time modified the existing substantive State aid exemptions and guidelines to facilitate the grant of State aid in response to the COVID-19 pandemic (see here and here), while at the same time prolonging their validity. It also amended the Temporary Framework for COVID-19 State aid for the third time on 29 June 2020 (see here and here). More information on the Temporary Framework and its earlier amendments is available here [1st Amendment and 2nd Amendment].

International: COVID-19 Global guide on public contracting

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In light of the global pandemic, governments across the globe are faced with urgent needs whose immediate coverage is a matter of life and death. Hence, these unusual and uncertain times call for rare and exceptional measures, and without much ado, governments around the globe have provided them. Common to all approaches is the will to enable public contractors to procure the urgently needed supplies to save lives and contain the pandemic without major bureaucratic hurdles.

Belgium: The FSMA clarifies the rules on distance marketing for financial services and products

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The Belgian Financial Services and Markets Authority (FSMA) published guidance on the rules in relation to distance marketing of financial services and products, mainly in light of the COVID-19 pandemic. The FSMA’s communication provides useful and practical guidance for financial services firms to consider when using remote sales techniques when marketing their products or services.In this regulatory briefing, we consider the FSMA’s guidance and discuss the most important rules that must be taken into account by the financial services industry in this regard. 

EU: Possible six-month deferral to DAC6 reporting

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Following a recent announcement of the European Commission’s proposal for a three-month deferral of reporting deadlines under the new DAC6 mandatory disclosure regime in the EU and UK, the Committee of the Permanent Representatives of the Governments of the Member States to the European Union (COREPER) has now reached an agreement on a revised proposal which could possibly defer the reporting deadline for six months. On the basis that the draft Directive, once approved, may be adopted at the discretion of each member state, it is imperative that businesses do not delay in preparing to meet their existing compliance obligations should reporting dates not be deferred (or not be deferred in all Member States where they operate).

A Strengthening Partnership – European Union’s New Africa Strategy Amidst COVID-19 Uncertainty

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In early March 2020, after COVID-19 had already begun its journey of destruction around the world, the European Commission (Commission) published its Comprehensive Strategy...

Belgium: DPA decisions on DPO requirements

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In brief On 28 April 2020, the Litigation Chamber of the Belgian Data Protection Authority (DPA) sanctioned an organization with a fine of EUR 50,000 for...

Belgium: Legal guide to public contracting in light of the COVID-19 pandemic

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Under Belgian law, the following options are generally available for contracting authorities to award public contracts for goods, services, and works urgently.

EU Securitisation Regulation Disclosure in Times of COVID-19

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The financial markets are experiencing a significant amount of disruption for which there is no precedent. However, in these difficult times it is important...

Global Merger Analysis Platform (GMAP)

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Our team of over 300 antitrust experts around the world have collaborated to produce a truly innovative Global Merger Analysis Platform (GMAP). GMAP answers...
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