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Stricter scrutiny of inactive companies

05/02/2018

The legislature recently took steps to improve the follow-up monitoring of companies in financial difficulty and strengthen the fight against inactive companies. Companies that fail to pay their social security or value added tax (VAT) debts, file their annual accounts or fulfil other administrative obligations on time will appear on the radar of the Commercial Court's Investigative Services much earlier. The Investigative Services' recently extended powers of action could lead to unfortunate surprises for some companies.

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