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Luc Meeus

Luc Meeus is a partner in Baker McKenzie’s Tax, Corporate Finance, Corporate Finance and Global Equity Services groups in Brussels. He focuses on fund structuring, private equity, equity-based compensation, and transactional tax planning. Mr. Meeus has been consistently mentioned as a Recommended Tax Lawyer in Legal 500 and other legal publications.

In a landmark decision rendered on 20 November 2023, the Antwerp Labour Court of Appeals ruled that no Belgian employee social security contributions are due in relation to equity-based compensation (RSUs in the case at hand) granted by a US parent company to employees of its Belgian subsidiary. In essence, the Court concluded that the RSUs under review were not granted in return for services provided by employees under their employment contract with and were neither borne by the Belgian subsidiary. Rather, the Court found that the RSUs were granted on the basis of an obligation undertaken by the US parent company towards the Belgian employee-beneficiaries with a view to binding these employees to the group on a long-term basis, with the US parent company also taking full financial and legal responsibility.

The Belgian Financial Services and Markets Authority has developed a new handbook on outsourcing.
The handbook applies to UCITS management companies, alternative investment fund managers and portfolio management and investment advice companies. It sets out several principles of sound management for the outsourcing of functions.
The handbook repeals and replaces the old Circular PPB 2004/5 of the former Banking, Financial and Insurance Commission dated 22 June 2004 on sound management practices in outsourcing by credit institutions and investment firms.