Coronavirus Insolvency: Monitor the risks
26/03/2020

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 bankruptcies, particularly in sectors more vulnerable to the virus such as maritime and air transport, retail, tourism, insurance and entertainment.

Lenders

Monitor the revenue and solvency risks of borrowers. Lenders should closely monitor via contractual reporting requirements the ability of their borrowers to perform their obligations and the impact this could have on the borrower's revenue and solvency risk.
Perform due diligence of the security packages for lending deals. Lenders should perform due diligence on their security packages for lending deals and make sure all security interests are properly perfected under relevant local laws and prepare a short-form summary of all guarantees and security interests in place and the available enforcement options.

Borrowers

Monitor cash flow. Borrowers should monitor the cash flow of their business on a regular basis in order to mitigate any financial difficulties and insolvency risks and plan any cure period they could benefit from under their existing financing arrangements.

Voir aussi : NautaDutilh ( Mr. Thibaut Willems ,  Mrs. Sophie Jacmain ,  Mr. Stan Brijs )

[+ http://www.nautadutilh.com]

Mr. Thibaut Willems Mr. Thibaut Willems
Partner
[email protected]
Mrs. Sophie Jacmain Mrs. Sophie Jacmain
Partner
[email protected]
Mr. Stan Brijs Mr. Stan Brijs
Partner
[email protected]

Click here to see the ad(s)
Tous les articles Droit bancaire

Derniers articles Droit bancaire

New rules on pre-marketing of funds in Belgium
22/09/2021

Alternative investment fund managers (“AIFMs”) that wish to examine to what extent investors are open to a cer...

New rules on pre-marketing of funds in Belgium Read more

Phishing : la banque est responsable
25/08/2021

« Le phishing a coûté 34 millions d'euros aux Belges », « Le SPF Finances met en garde ...

Phishing : la banque est responsable Read more

Global rise of Buy Now Pay Later: state of play in Belgium
22/06/2021

Deferred payment methods, often called “Buy Now Pay Later (“BNPL”) solutions”, allow customers to ...

Global rise of Buy Now Pay Later: state of play in Belgium Read more

The ELTIF: amendments in the Belgian AIFM Law
17/06/2021

On 19 April 2021, a draft law on diverse financial provisions (the “Draft Law”) was published. The Draft Law w...

Read more

Derniers articles de Mr. Thibaut Willems

Flemish Decree on Major Projects and Programmes
06/05/2019

On 27 April 2019, a Flemish decree establishing a framework for major projects and programmes entered into force. The decr...

Read more

Belgium: Reform of Security Interests in Movable Assets
04/06/2013

Belgium has adopted new legislation on the creation and enforcement of security interests in moveable assets (the "Act"[1]...

Read more

Important Changes to the Financial Collateral Act
10/11/2011

Since the entry into force of the Financial Collateral Act of 15 December 2004 (the "Collateral Act") implementing Directi...

Read more

Derniers articles de Mrs. Sophie Jacmain

Insolvency: Cash Is king: New Rules Against Late Payment
20/07/2021

Late payment puts a substantial dent in companies’ cash flow and, ultimately, their continuity. In recent years, pay...

Read more

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...

Read more

Insolvency: Flattening the Insolvency Curve: The Belgian Statutory Moratorium bis
28/12/2020

The COVID-19 pandemic is having a significant impact on the world economy, as businesses worldwide face liquidity problems...

Read more

Do Businesses Still Have Freedom of Contract?
27/12/2019

On 21 March 2019, the House of Representatives adopted legislation modifying the Code of Economic Law with regard to the a...

Read more

Derniers articles de Mr. Stan Brijs

Insolvency: Cash Is king: New Rules Against Late Payment
20/07/2021

Late payment puts a substantial dent in companies’ cash flow and, ultimately, their continuity. In recent years, pay...

Read more

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...

Read more

Insolvency: Flattening the Insolvency Curve: The Belgian Statutory Moratorium bis
28/12/2020

The COVID-19 pandemic is having a significant impact on the world economy, as businesses worldwide face liquidity problems...

Read more

Entry into Force of the New Belgian Insolvency Code
03/05/2018

Over the past few years, the Belgian legislature has consolidated various pieces of legislation regulating businesses into...

Read more

LexGO Network