The coronavirus (COVID-19) outbreak has created unprecedented and unseen challenges for M&A markets. The crisis abruptly interfered with virtually any deal on the table, in each phase of the transaction.
Belgian authorities, like some of their European counterparts, have taken extreme measures to fight the spread of Covid-19, including restrictions on social gatherings. If these strong measures continue for the next few weeks, they will have an impact on Belgian companies
L’épidémie de Coronavirus se fait sentir dans plusieurs domaines du secteur entrepreneurial et exerce une pression sur la gestion des sociétés. Les administrateurs sont obligés de prendre en compte toute une série de considérations et de prendre certaines décisions
The health crisis caused by Covid-19 and the economic and social consequences it has for banks oblige these financial institutions to inform their regulator of the specific measures, both internal and external, that they implement to address the situation.
Les mesures de confinement prises dans le cadre de la lutte contre la propagation du COVID-19 soulèvent d’importantes incertitudes notamment pour la poursuite des activités des entreprises.
La propagation du Coronavirus a incité les gouvernements du monde entier à prendre des mesures de grande envergure, parmi lesquelles, l’interdiction de rassemblements sociaux.
Pursuant to an agreement between the Belgian Federal State, the National Bank of Belgium and the financial sector (represented by Febelfin), Belgian financial institutions have undertaken to grant payment deferrals to those experiencing coronavirus-related repayment problems.
Be aware of the increased risk of default by debtors. With the spread of the virus, there is a heightened risk of financial difficulties leading to default or potentially
The authorities have taken several measures to support businesses and employment, under the pressure of the corona crisis. Measures in relation to tax and social security, temporary unemployment and state financial support were taken. An agreement with the financial sector to grant payment facilities was reached, as well.
With the spread of COVID-19, governments and companies everywhere are faced with hitherto unseen challenges. Measures are being taken everywhere to contain the pandemic and to discourage gatherings of people. At this point, gatherings of people are limited to the strict minimum and it is likely that a complete lockdown will be imposed for the next weeks or even months. Belgian companies having their general assembly coming up in the next months might want to take their precautions now and consider their options to avoid physical meetings.
