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My resignation as director has not been published yet in the Belgian Official Gazette: can I still be held liable?
The acquisition of a company often implies that the transferor must resign from his office as (managing) director of the company/companies he is transferring. This resignation must be published in the Annexes of the Belgian Official Gazette, but this fact is sometimes overlooked by the company (under control of the buyer), which may lead to an important time gap between the resignation and its official publication. The bill on the new Companies and Associations Code provides an answer by allowing the former directors themselves to publish their resignation in the Annexes of the Belgian Official Gazette. Even if the company…