New interest rate in case of late payment

In order to combat delays in payment in commercial transactions, the Belgian legislator has transposed the EU Directive of 29 June 2000 on combating late payment in commercial transactions in its Act of 2 August 2002 on combating late payment (...

Credit Lyonnais Eurofactor Becomes Eurofactor

As of today, the company formerly known as Credit Lyonnais Eurofactor will be known as Eurofactor SA/NV. The Brussels-based company has decided on the name change in order to emphasise their position as part of the largest integrated group of...

Gerling Namur Profit up by 43%

Gerling-Namur, the subsidiary of German Gerling Credit Insurance Group, saw consolidated profit rise 9 per cent to BFr8.43bn in 1999. In Gerling Credit Insurance Group, Gerling-Namur is responsible for three important European markets: the Benelux...