The Belgian legislator is preparing a legal framework on insolvency law to expand the restructuring toolbox. On 26 March 2023, a draft bill was published transposing EU Directive 2019/1023 on restructuring and insolvency. The Bill should be voted before the summer holidays. Our Restructuring & Insolvency team has identified five things you need to know about the upcoming changes.
Belgium, Insolvency & Restructuring, Litigation, NautaDutilh, Insolvency, European Commission, European Court of Justice
On November 1 2007 the State Commission for Insolvency Law presented the Preliminary Bill for an Insolvency Act to the minister of justice. The most important changes to the existing Bankruptcy Act are outlined in this update.
Netherlands, Insolvency & Restructuring, NautaDutilh, Wage, Bankruptcy, Legal personality, Debtor, Collateral (finance), Fraud, Accounts receivable, Debt, Liquidation, Debt restructuring, Title retention clause