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widely and the BVBA form is used mainly by family firms and as an alternative to the partnership. Furthermore recent developments have meant that not all
Belgian NVs are truly public, in that restrictions on the transmission of their shares mean that these are effectively close companies. These means that it is impossible to say whether an NV is a plc or an llc until one has read the articles of association. Following changes in regulations (primarily to combat money laundering and tax evasion) the unregistered share is disappearing. This does not however affect the ability of the shareholder to trade his shares.
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There are substantial differences in governance between Dutch and
Belgian NVs. The Dutch NV usually has a supervisory board, whereas the Belgian NV does not. The NV form in the Netherlands is restricted to large enterprises, and the BV form is more current, whereas in Belgium the NV form is used
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I agree, this is a serious issue with the current form of the article. NV's are definitely not all traded publicly on the stock market. In the following source on a BE government website, they still call it public though:
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I agree. N.V./NV is certainly the dominant abbreviation in
Belgium. I have the impression that the remark may have been made by somebody who is deeply concerned with grammatical correctness.
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Don't forget though
Bluyten that "public" has two distinct meanings: one is an ellipsis of publicly quoted, while the other means open to all, even though the shares may note be "listed"
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This page "Naamloze vennootschap" says that the correct abbreviation for NV is actually 'nv' (lowercase with no punctuation). Is there any citation for this? The
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for example uses 'N.V.' in the first line. I feel like there should be some standardization.
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NV is al legal entity in Aruba too; if I'm not mistaken.
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