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.
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