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Insolvency & Restructuring

18 October 2019
Bart Heynickx Effect of EU preventive restructuring directive on Belgian insolvency framework

Belgium - ALTIUS

A number of legislative changes to Book XX of the Code of Economic Law may be required following the adoption of EU Directive 2019/1023/EU on preventive restructuring frameworks. This article focuses on the directive's potential effect on Book XX with regard to debtors in possession, the duration of moratoria, the suspension of enforcement during moratoria, the suspension and termination of ongoing contracts, the cramdown of creditors and the acceptance of reorganisation plans.

Author: Bart Heynickx
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