Belgian moratorium on creditors’ rights extended until 17 June 2020
UPDATE 18 June 2020: the statutory moratorium has not been extended; by consequence, as of 18 June 2020, the obligation to file for bankruptcy (if the relevant conditions are fulfilled) revives and all restrictions regarding enforcement of rights as set out in the Royal Decree n° 15, are lifted.
The statutory moratorium imposes a stay on creditors’ right to enforce debts, terminate or dissolve existing agreements early and initiate bankruptcy proceedings and forced transfer of assets under judicial reorganisation.
For more details on Royal Decree n° 15, see our website which contains a number of questions and answers relating to the statutory moratorium.
Marc VermylenManaging Partner Belgium Attorney at Law
Marc Vermylen is Managing Partner of Loyens & Loeff Brussels. He is a member of Loyens & Loeff’s Banking & Finance Practice Group and heads the global Projects Team at Loyens & Loeff. He is recognised worldwide as an expert and influential lawyer in banking law and finance law.T: +32 2 743 43 15 M: +32 475 52 31 66 E: email@example.com
Koen PanisPartner Attorney at law
Koen Panis is a partner in our Brussels office where he is a member of the Banking & Finance Practice Group, the Energy Team and the Real Estate Team. He specialises in international and local finance transactions.T: +32 2 773 23 90 M: +32 497 53 38 36 E: firstname.lastname@example.org
Vanessa MarquettePartner Attorney at Law
Vanessa Marquette, attorney at law, is a partner in the Banking and Finance Practice Group of our Brussels office and a member of the firmwide Restructuring & Insolvency team. She is recognized for her expertise in Banking and Finance with a focus on international finance law, regulated financial services, sustainable finance and banking litigation.T: +32 2 773 23 25 E: email@example.com
Zita LeijnseAssociate Attorney at Law
Zita Leijnse, associate in our Brussels office, is a member of Loyens & Loeff’s Banking & Finance Practice Group and of the Energy team. She is also a member of our firmwide Restructuring & Insolvency team.T: +32 2 773 23 35 M: +32 4 99 27 12 59 E: firstname.lastname@example.org
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