The long-awaited new Belgian regime for security interests on movable assets enters into force as of 1 January 2018. We have put together a dedicated team to guide you through the new Belgian regime: Loyens & Loeff Collateral Services.
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New Belgian Pledge Act confirmed for 1 January 2018
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What will change for you on security interests?
Firstly, all existing security interests remain valid to the extent they were validly granted under the old regime. Only for existing pledges on business or floating charges, there is an obligation to re-register before 31 December 2018 in the new National Pledge Register.
A new way to perfect security
For new security interests, a new way to perfect security through registration in the online National Pledge Register is introduced. This also means that it will now be possible to conduct lien searches with respect to movable assets. However, you will need a Belgian representative to access the register since access is restricted to Belgian nationals, both for registration and consultation purposes. That is where Loyens & Loeff Collateral Services comes in, helping you with any new registrations, security history & compliance.
What can we do for you?
We are equipped to take care of the administration relating to the National Pledge Register. This includes:
- Conducting lien searches
- Drafting pledge agreements, ensuring compliance with the new legal requirements
- Registering new security
- Registering existing pledges on business
- Amending existing registrations
- Removing existing registrations (e.g. upon release of security)
- Acting as servicer and first point of contact for your registered security interests
For a more detailed and in-depth analysis of the impact of the Belgian Pledge Act on your business and the financial markets in Belgium, please contact us via email@example.com.
MathiasDiricxAttorney at law Associate
Mathias Diricx is a member of the Banking & Finance Practice Group of Loyens & Loeff in Belgium and an associate in our Brussels office.T: +32 2 773 23 14 E: firstname.lastname@example.org
MarcVermylenAttorney at law Managing partner Belgium
Marc Vermylen is managing partner of Loyens & Loeff Belgium and heads the Banking & Finance Practice Group in Brussels. He is recognised worldwide as an expert and influential lawyer in banking law and finance law.T: +32 2 743 43 15 E: email@example.com
JanMissoulAttorney at law Senior associate
Jan Missoul is a member of Loyens & Loeff’s Banking & Finance Practice Group in Belgium and of the Benelux Debt Capital Markets Team. He is a senior associate in the Brussels office.T: +32 2 773 23 88 E: firstname.lastname@example.org
KoenPanisAttorney at law Partner
Koen Panis is a partner in our Brussels office where he is a member of the Banking & Finance Practice Group, the Energy Team and the Real Estate Team. He specialises in international and local finance transactions.T: +32 2 773 23 90 E: email@example.com
ZitaLeijnseAttorney at law Associate
Zita is a member of Loyens & Loeff’s Banking & Finance Practice Group and of the Energy Team. She is an associate in our Brussels office.T: +32 2 773 23 35 E: firstname.lastname@example.org
SarahLibregtsAttorney at law Associate
Sarah Libregts is a member of the Loyens & Loeff Banking & Finance Practice Group in Belgium. She is an associate in our Brussels office.T: +32 2 773 23 40 E: email@example.com