Status update for Belgian entities

[Andrew van der Stock]

Hi Board,

Existing entity

I emailed the original Belgian entity directors, asking them to come to Brussels to close the ING account. We will cover their travel expenses. I don't think I need to be there, but I will go if they require it.

New EU entity

The Belgian Government still hasn't approved the new entity. Search the Belgian Crossroads Bank (CBE) official company search here:

Search result | CBE Public Search

Regus (our office provider) has asked us for KYC notarized ID documents. I've collected most of the Directors' IDs and will provide what we have to them. I hope that this is enough to keep our offices open while we await the Belgian government's decision. If not, we must reapply for new offices once the entity has been established.

Thanks,

Andrew van der Stock
Distinguished Lifetime Member

Executive Director, OWASP

+1 510 697 9315

[Andrew van der Stock]

Hi Board,

Here's an update on the two entities:

Existing entity 

Martin Knobloch has responded, which I truly appreciate. I've not heard from Adrian or Maarten. I've provided them with the banking details, reiterated the offer of booking their travel for them, and asked for a date for them to meet soon. I will try to follow up with Adrian and Maarten through alternative methods to see if they can chime in on making a date to meet and close the accounts. 

New entity

All five Directors have signed new proxy forms and were submitted to the Belgian notary on Monday. Yesterday, the notary countersigned the paperwork and submitted it to the Belgian government. Hopefully, we will get an approval in a shorter period than the previous time, as summer holidays are over, and we've cleared the naming issue with the Belgian government. 

thanks,

Andrew

[Andrew van der Stock]

Hi Board,

Not much news to report, sadly. 

Old EU entity

We have a VAT declaration due, which I supplied is a null return. I've emailed the existing Directors again, as I've not heard anything from two of them at all, and Martin was the last person to respond. I will pursue alternative methods of contacting the existing Directors, other than email, which isn't working.

New entity

We are still awaiting a decision from the Belgian government. I just checked the search, and it's not there. Aram is pushing hard with the incorporators to get an answer. 

Search result | CBE Public Search

thanks,

Andrew

[Andrew van der Stock]

Hi Board,

Some ok news and some good news.

Old EU Entity

Martin wrote back to my most recent email saying that he and Maarten are working on it, and I don't need to be involved in the process of recovering the funds locked up in ING. Martin's view of the lack of my involvement is incorrect, as the ING funds are OWASP's funds, which were paid for or came through Global AppSec EU's in the past when we still had access to the ING accounts. I've had no direct contact with Adrian Winkles or Maarten Destagh throughout this process. I will discuss next steps with Ricardo and Steve if the funds aren't transferred within a reasonable timeframe, as this process has been ongoing for an inordinate amount of time and I've gone to great lengths to facilitate it. Harold, Steve, and Ricardo are cc'd on the email chain. I hope this is resolved soon and we can all move on.

New EU Entity

The Belgian government has completed processing our paperwork, and we are now awaiting the signature of the Belgian King, which is expected soon. Usually, this is a formality, but I will take nothing for granted.

Thanks,

Andrew

[Andrew van der Stock]

Hi Board,

There has been no progress with either entity this week. I've received no communications from the existing entity Directors that they have completed the closure and transfer of funds to OWASP's US bank account, and I've searched the Belgian company register for the creation of the new entity, and that hasn't happened either. I will discuss the former issue with the Chair and Vice Chair and take some advice on the next steps. 

thanks,

Andrew

[Avi D (BoD & OWASP Israel)]

Andrew,

Thank you for the running updates.

 

Where do we stand with getting those proper restrictions and controls in place for the new entity, so that Foundation still has proper authority over the entity, as we have discussed?

 

Thanks,
Avi D

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