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Belgium

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Contributed by Eric Blomme and Cecile Odeurs. In brief The COVID-19 pandemic has put the rescue of struggling but viable businesses front of the agenda.  The initial response of the Belgian government and legislator was a moratorium on enforcement measures and bankruptcy petitions.  Such moratorium can however not be a structural solution in the long term, and expired on 31 January 2021. The attention then shifted to the improvement of the existing legal framework. Fortunately,…

Baker McKenzie has published the seventh edition of the Global Restructuring & Insolvency Guide. The Guide has been compiled by Baker McKenzie lawyers experienced in the practical aspects of restructuring and insolvency. It should provide you with a helpful reference tool to understand the numerous insolvency and restructuring regimes that may affect your business. It answers some key questions in light of the COVID-19 pandemic, such as, ‘Is state support for distressed businesses available?’ and…