Insights

On 31 May 2024, the law of 21 April 2024 amending Books I, XV and XVII of the Economic Code, and transposing Directive (EU) 2020/1828 on representative actions to protect the collective interests of consumers, was published in the Belgian Official Journal.

At the beginning of the year, we brought to your attention that a number of important Belgian and EU legislative changes are likely to have an impact in 2024: there are new laws that have been adopted and proposals that are expected to firm up into law.

A number of important Belgian and EU legislative changes are likely to have an impact in 2024. On the one hand, there are new laws that have been adopted and will start to bite, and, on the other, there are proposals that are expected to firm up into law.

Class actions and their (possible) role in European law jurisdictions have been a hot topic for quite a while and this is not likely to change. The new EU directive 2020/1828 imposes the obligation upon EU member states to introduce a specific legal procedure for collective repair by 25 June 2023. In Belgium, such a procedure for collective repair was already introduced in 2014. With the imminent implementation of said EU directive into Belgian law, this procedure is likely to undergo some substantial changes. During this in-person seminar, Werner Eyskens, Evelien Van Espen, Yaël Rager and Charlotte Stynen will discuss the current and future role of class actions in Belgium, the contours of the existing procedure for collective repair and the potential impact of the expected new rules, as well as the role of third-party litigation funding and the fate of collective proceedings that fall outside the scope of the existing procedure and the new directive.

In collaboration with the IBJ

The legislative framework for contract drafting is rapidly evolving. A revised Book of the Belgian Civil Code on obligations (which is likely to be adopted after the Easter holidays), a recent change in the law to combat late payment between companies, and the existing rules on B2B contracts in the Code of Economic law all need to be taken into account.