Category

Belgium

Category

On 13 July 2017, the Belgian parliament adopted an Act compiling the existing Belgian insolvency legislation into one insolvency code (the “Insolvency Code”).  The Insolvency Code will become law as from its ratification by the King and publication in the Belgian State Gazette, both of which being no more than administrative formalities.  The Insolvency Code will apply to any insolvency proceeding opened on or after 1 May 2018. The vast majority of the changes resulting…