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Insolvency & Restructuring

24 May 2019
Bart Heynickx Will ECJ decision on Belgian insolvency proceedings lead to increased redundancies?

Belgium - ALTIUS

The European Court of Justice recently confirmed that the Belgian reorganisation framework infringes the EU Transfer of Undertakings Directive with regard to the transfer of personnel. This judgment looks set to have a significant impact on reorganisation proceedings, with parties more likely to be reluctant to organise a transfer of assets leading to bankruptcies and redundancies.

Author: Bart Heynickx
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