The ECJ in ‘Plessers’: Employee Protection in Insolvency Proceedings by Transfer of Undertaking

In search of the right balance between employee protection and efficiency of insolvency proceedings

In its preliminary ruling of today, the ECJ has followed its AG and decided that Council Directive 2001/23/EC (the ‘Directive’) must be interpreted as precluding national legislation, such as Article 61(3) of the Belgian WCO (now Article XX.86(3) WER), which, in the event of the transfer of an undertaking which has taken place in the context of proceedings for judicial restructuring by transfer under judicial supervision (‘GROG’) applied with a view to maintaining all or part of the transferor or its activity, entitles the transferee to choose the employees which it wishes to keep on.

On 23 April 2012, NV Echo entered into a judicial reorganisation proceeding. A collective agreement could not be reached and on 19 February 2013, a GROG was initiated. On 22 April 2013, NV Prefaco took over the business of NV Echo together with two-thirds of the total employees of the transferor.

Plessers, who was one of the dismissed employees, argued (among other things) that Continue reading “The ECJ in ‘Plessers’: Employee Protection in Insolvency Proceedings by Transfer of Undertaking”

Belgische Corporate Governance Code 2020

De nieuwe Belgische Corporate Governance Code 2020 is vandaag voorgesteld. De code is van toepassing op vennootschappen naar Belgisch recht waarvan de aandelen verhandeld worden op een gereglementeerde markt (‘genoteerde vennootschappen’) zoals gedefinieerd in het Wetboek van vennootschappen en verenigingen. Continue reading “Belgische Corporate Governance Code 2020”

UK Supreme Court enables expansive supply chain liability

A parent company’s liability for damage caused by its subsidiary is grounded in control

On 10 April 2019, in Vedanta v Lungowe, the UK Supreme Court confirmed the England and Wales Court of Appeal’s decision that Vedanta may owe a duty of care to neighbours of the copper mine operated by its Zambian subsidiary. The judgment is important in three respects. First, Vedanta v Lungowe marks the first time the UK Supreme Court found that a duty of care vis-à-vis parties other than the subsidiary’s employees may be owed by the parent company (albeit in its capacity of operator). Second, this duty of care is not novel and, therefore, the lenient test for adjudicatory jurisdiction is applicable. Third, in dicta, the UK Supreme Court clarified the legal basis and scope of supply chain liability.

In this post, the UK Supreme Court’s ruling is discussed, including the assessments of jurisdiction at a preliminary stage and the issue of novelty. It also reviews the implications of the Court’s dicta for the doctrine of supply chain liability. Continue reading “UK Supreme Court enables expansive supply chain liability”

Koninklijk besluit van 29 april 2019 tot uitvoering van het Wetboek van vennootschappen en verenigingen

Aan de vooravond van de inwerkingtreding van het Wetboek van vennootschappen en verenigingen is het Koninklijk besluit van 29 april 2019 tot uitvoering van het Wetboek van vennootschappen en verenigingen gepubliceerd in het Belgisch Staatsblad. De hervorming van het vennootschaps- en verenigingsrecht is hiermee definitief afgerond.  Continue reading “Koninklijk besluit van 29 april 2019 tot uitvoering van het Wetboek van vennootschappen en verenigingen”

Concordantietabel W.Venn. – WVV

Artikel 32 WVV bepaalt dat de Koning de verwijzingen in wetten en koninklijke besluiten naar bepalingen die in het WVV werden opgenomen, kan aanpassen, met behulp van de bijgevoegde concordantietabel. De concordantietabel in kwestie werd ten gevolge van een vergetelheid niet in de wet van 23 maart 2019 ingevoegd. Continue reading “Concordantietabel W.Venn. – WVV”

The thinking of Hayek and Schumpeter on the efficiency of markets: similarities and differences

In the essay below, Dieter Van Esbroeck, discusses competing theories on market efficiency of Pareto, Hayek and Schumpeter. The different insights in the operations of the market lead to rather diverging policy recommendations to harvest the gains of free competition and efficiency. His essay won the Montaigne-Essay contest of 2019 organized by the Institute for Education in Philosophy and Social Sciences (Ifese).

Continue reading “The thinking of Hayek and Schumpeter on the efficiency of markets: similarities and differences”

Seminarie over Coase, Buchanan en Becker

Zaterdag 27 april 2019 organiseert het Instituut voor Filosofische en Sociaal-wetenschappelijke Educatie (Ifese) een seminarie over Law and Economics. Tijdens dit seminarie kunnen de deelnemers teksten van de hand van Ronald Coase, James Buchanan en Gary Becker bediscussiëren onder begeleiding van em. prof. dr. Boudewijn Bouckaert. De activiteit zal plaatsvinden in Antwerpen.

Teksten

Continue reading “Seminarie over Coase, Buchanan en Becker”