In addition to the implementation of the EU Restructuring Directive 2019/23, the law of 7 June 2023 (the New Belgian Restructuring Law) introduces other novelties designed to enhance the existing restructuring tools. Some of these new procedures are accessible to both the distressed company and its creditors. This not only provides the debtor with an expanded set of tools but also grants creditors increased initiative rights.

Below, we highlight some of the most significant novelties that will be applicable to restructuring and insolvency procedures.

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We will discuss the New Belgian Restructuring Law and its main take away’s for the different market participants during a dedicated client event on 28 September 2023. Next to a general introduction to the new law, including its tax aspects, our team will propose deep dives with a focus on employment law and finance law.

Should you in the meanwhile have any questions or require any assistance in the field of restructuring or insolvency, please contact us below. Our restructuring and insolvency practitioner in different practice areas will be happy to assist you.