Belgium on Corporate and Company Law

On 28 November 2024, the Belgian Parliament finally approved the legislation on the disclosure of sustainability information by certain companies and groups, transposing the EU Corporate Sustainability Reporting Directive...

In February 2025, the European Commission introduced its first "Omnibus Package," designed to simplify and reduce the administrative burdens related to sustainability reporting and due diligence directives.

The substantive FSR review essentially follows a three-step test: (i) assessing whether a foreign subsidy distorts the EU market; (ii) weighing the foreign subsidy's negative effects against its positive impacts ("balancing test"); and (iii) imposing remedies if necessary...