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14 May 2020 / news

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.

 



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