Insolvency and Restructuring


The Plessers saga has come to an end – Is this a breakthrough in the reform of the reorganisation procedure?

The Plessers saga has come to an end – Is this a breakthrough in the reform of the reorganisation procedure?
27/04/2021

The reorganisation procedure aims to provide an opportunity for undertakings facing financial difficulties to continue their business and activities and is governed by the provisions in book XX of the Belgian Economic Law Code (“ELC”)

Read more
New support measures for enterprises in difficulty: highlights from the Law of 21 March 2021

New support measures for enterprises in difficulty: highlights from the Law of 21 March 2021
07/04/2021

In the COVID-19 context and in light of the moratorium on bankruptcies ending on 31 January 2021, a new law has been adopted to further support enterprises facing financial difficulties.

Read more
Good things are worth waiting for: new law amendments in force for companies in difficulty

Good things are worth waiting for: new law amendments in force for companies in difficulty
31/03/2021

The long-awaited new law amending Book XX of the Code of Economic Law and the Income Tax Code 1992 just came into force. This replaces the "COVID-moratorium" and creates the possibility to restructure a company through a “preparatory agreement”.

Read more
A solution for companies in difficulty

A solution for companies in difficulty
31/03/2021

Réclamé depuis plusieurs mois par les praticiens, le législateur vient finalement de modifier le Code de droit Economique afin de compléter l’arsenal des outils à disposition des sociétés en difficultés pour opérer leur redressement. 

Read more
Mrs. Sophie Jacmain
Mrs. Sophie Jacmain

New measures to encourage (silent) restructuring
12/03/2021

The COVID-19 pandemic continues to have a significant impact on the global economy, as businesses worldwide face liquidity problems and related insolvency risks

Read more
COVID-19: Payment suspension scheme for borrowers extended further in time

COVID-19: Payment suspension scheme for borrowers extended further in time
18/02/2021

End of March 2020, the Minister of Finance and the Belgian financial sector, through the Belgian financial sector federation (Febelfin) and in close cooperation with the National Bank of Belgium, put into place a temporary support package for businesses to deal with the economic fallout resulting from the COVID-19 pandemic

Read more
The temporary

The temporary "Corona" suspension measures also have an impact on judicial reorganisation plans (WCO/PRJ)
05/02/2021

The temporary suspension measures that were applied during the "first wave" of the corona crisis have been reintroduced but only apply now to companies that had to close down further to the corona measures.

Read more
Mr. Yves Lenders

Einde moratorium op faillissementen
04/02/2021

In onze e-flash van 8 januari 2021 informeerden wij u dat er (opnieuw) een automatisch moratorium van kracht was om Belgische ondernemingen te beschermen tegen betalingsmoeilijkheden als gevolg van de genomen corona-maatregelen. 

Read more
Mr. Yves Lenders

Nouveau moratoire en matière d’insolvabilité jusqu’au 31 janvier 2021
12/01/2021

Un nouveau moratoire automatique est entré en vigueur le 24 décembre 2020. Ce moratoire protège les entreprises belges confrontées à des difficultés de paiement en raison des mesures corona.

Read more
New moratorium for enterprises in difficulty

New moratorium for enterprises in difficulty
07/01/2021

Belgium has recently adopted extra measures to combat the negative economic impact of Covid-19.

Read more

Click here to see the ad(s)

LexGO Network