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    Licence to contract - licence agreements and insolvency law
    2019-04-19

    Introduction

    In an insolvency situation, the fate of ongoing contracts is something to be discussed. Such contracts are often closely linked to the essence of a company's business. For example, for (commercial) leases, the lessor's bankruptcy or the tenant's judicial reorganisation will probably result in discussions about the agreement, its (forced) execution and rental payment.

    Filed under:
    Belgium, Company & Commercial, Insolvency & Restructuring, ALTIUS
    Location:
    Belgium
    Firm:
    ALTIUS
    Het insolventierecht hervormd (Deel II): De procedure tot gerechtelijke reorganisatie wordt strenger
    2018-05-16

    Op 1 mei 2018 is de nieuwe insolventiewetgeving in werking getreden. De Wet Continuïteit Ondernemingen (WCO) is als aparte wet opgeheven wordt onder gewijzigde vorm volledig geïntegreerd in Boek XX WER.

    In Deel I van deze reeks werd de wijziging van het insolventierecht in het algemeen toegelicht.

    Filed under:
    Belgium, Insolvency & Restructuring, Andersen
    Authors:
    Leo Peeters , Leila Mstoian
    Location:
    Belgium
    Firm:
    Andersen
    Insolvency goes digital: Regsol and its innovations
    2018-06-15

    Introduction

    As of 17 April 2017, the creditors of a company that has been declared bankrupt must electronically file their declaration of debt using the Central Solvency Register (Regsol).

    Filed under:
    Belgium, Insolvency & Restructuring, IT & Data Protection, ALTIUS
    Authors:
    Charlotte Vermeersch
    Location:
    Belgium
    Firm:
    ALTIUS
    Reform of the insolvency law - Part 3 - Liability of the directors in case of insolvency
    2018-06-27

    In the framework of the reform of insolvency law that entered into force on 1 May 2018, the legislator has introduced important amendments regarding the liability of the directors in case of bankruptcy. These amended liability rules apply to directors of companies and not to physical persons who operate without a corporate structure.

    1. Liability claim for apparent gross fault

    Filed under:
    Belgium, Insolvency & Restructuring, White Collar Crime, Andersen, Bankruptcy, Money laundering
    Authors:
    Leila Mstoian , Leo Peeters
    Location:
    Belgium
    Firm:
    Andersen
    Réforme du droit de l’insolvabilité (3ième Partie) : responsabilité des administrateurs en cas d’insolvabilité
    2018-06-27

    Dans le cadre de la réforme du droit de l’insolvabilité qui est entrée en vigueur le 1er mai 2018, le législateur a opéré plusieurs modifications importantes concernant la responsabilité des administrateurs en cas de faillite. Les règles de responsabilité révisées valent pour les administrateurs de sociétés et non pour les personnes physiques qui bien qu’étant des entreprises, n’ont pas la structure d’une société.

    1. Action en responsabilité pour faute grave et caractérisée

    Filed under:
    Belgium, Insolvency & Restructuring, Andersen
    Authors:
    Leila Mstoian , Leo Peeters
    Location:
    Belgium
    Firm:
    Andersen
    Het insolventierecht hervormd (Deel III): Aansprakelijkheid van bestuurders bij insolventie
    2018-06-27

    In het kader van de hervorming van het insolventierecht die op 1 mei 2018 van kracht is geworden, heeft de wetgever een aantal belangrijke wijzigingen doorgevoerd inzake de aansprakelijkheid van bestuurders bij een faillissement. De herziene aansprakelijkheidsregels gelden voor bestuurders van vennootschappen en niet voor natuurlijke personen die ondernemingen zijn maar geen vennootschapsstructuur hebben.

    1. Aansprakelijkheidsvordering wegens kennelijk grove fout

    Filed under:
    Belgium, Company & Commercial, Insolvency & Restructuring, Andersen
    Authors:
    Leila Mstoian , Leo Peeters
    Location:
    Belgium
    Firm:
    Andersen
    Personal bankruptcy of company administrators
    2018-07-27

    In the past, administrators of commercial companies with limited liability (eg, NV/SA and BVBA/SPRL) were not seen as 'merchants' under Belgian law. In other words, the administration of commercial companies was not seen as a commercial act. As a result, such administrators could not (personally) be declared bankrupt.

    Filed under:
    Belgium, Insolvency & Restructuring, ALTIUS
    Location:
    Belgium
    Firm:
    ALTIUS
    Personal bankruptcy of company administrators
    2018-07-27

    In the past, administrators of commercial companies with limited liability (eg, NV/SA and BVBA/SPRL) were not seen as 'merchants' under Belgian law. In other words, the administration of commercial companies was not seen as a commercial act. As a result, such administrators could not (personally) be declared bankrupt.

    Filed under:
    Belgium, Insolvency & Restructuring, ALTIUS
    Location:
    Belgium
    Firm:
    ALTIUS
    Follow-up monitoring of companies in financial difficulty
    2018-09-07

    In February 2018 the legislature took steps to improve the follow-up monitoring of companies in financial difficulty and strengthen the fight against inactive companies (for further details please see "Stricter scrutiny of inactive companies").

    Filed under:
    Belgium, Insolvency & Restructuring, ALTIUS
    Location:
    Belgium
    Firm:
    ALTIUS
    Voortaan gebeurt ook de aangifte van faillissement digitaal
    2018-04-30

    Vanaf 1 mei 2018 ziet het Belgische insolventielandschap er anders uit ingevolge de inwerkingtreding van het gloednieuwe insolventierecht (Boek XX in het Wetboek Economisch Recht). In navolging van de elektronische aangifte van schuldvordering sinds 1 april 2017, dient vanaf 1 mei 2018 ook de aangifte van faillissement elektronisch te gebeuren in het Centraal Register Solvabiliteit (Regsol).

    Filed under:
    Belgium, Insolvency & Restructuring, Andersen
    Authors:
    Leila Mstoian , Leo Peeters
    Location:
    Belgium
    Firm:
    Andersen

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