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
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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
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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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