Belgian moratorium on creditors’ rights extended until 17 June 2020
The statutory moratorium imposed by Royal Decree n° 15 to protect debtors affected by the coronavirus (COVID-19) crisis from their creditors is extended by decision of the Belgian federal government from 17 May 2020 to (and including) 17 June 2020.
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 Belgium and heads the Banking & Finance Practice Group in Brussels. 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: firstname.lastname@example.org
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: email@example.com
Laurent MertensCounsel Attorney at Law
Laurent Mertens, attorney-at-law, is a member of the Litigation & Risk Management practice group in our Brussels office. He focuses on corporate law and M&A. He is in charge of the Insolvency & Restructuring team for Belgium.T: +32 2 743 43 91 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. 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
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