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    Goede trouw van zaakvoerder telt mee bij aansprakelijkheid voor niet-betaalde sociale bijdragen in geval van failliete bvba
    2014-09-26

    Op grond van artikel 265, §2 van het Wetboek van Vennootschappen kunnen zaakvoerders van een failliete bvba persoonlijk en hoofdelijk aansprakelijk worden gesteld voor verschuldigde sociale bijdragen. Met zaakvoerders wordt bedoeld alle personen die werkelijke bestuursbevoegdheid hebben gehad in de vennootschap.

    Filed under:
    Belgium, Insolvency & Restructuring, Litigation, CMS Belgium
    Location:
    Belgium
    Firm:
    CMS Belgium
    Verlenging van de opschorting in het kader van een overdracht onder gerechtelijk gezag: wie kan de verlenging aanvragen?
    2014-11-07

    Wanneer de rechtbank de procedure van gerechtelijke reorganisatie met het oog op de overdracht onder gerechtelijk gezag voor een onderneming in moeilijkheden voor geopend verklaart, verleent zij hierbij een bepaalde periode van opschorting waarbinnen de overdracht gerealiseerd dient te worden. 

    Filed under:
    Belgium, Insolvency & Restructuring, CMS Belgium
    Authors:
    Philippe Hendrickx
    Location:
    Belgium
    Firm:
    CMS Belgium
    Le traitement différencié des créanciers dans le cadre de la réorganisation judiciaire
    2014-11-07

    Pour rappel, en cas d’approbation d’un plan de réorganisation judiciaire par la majorité des créanciers, il appartient au Tribunal de commerce d’homologuer le plan approuvé pour autant qu’il ne soit pas contraire à l’ordre public. 

    Selon l’article 49, § 1 de la loi du 31 janvier 2009 relative à la continuité des entreprises, le plan de réorganisation peut prévoir le règlement différencié de certaines catégories de créances, notamment en fonction de leur ampleur ou de leur nature.

    Filed under:
    Belgium, Insolvency & Restructuring, Litigation, CMS Belgium
    Authors:
    Madeleine Brouhns
    Location:
    Belgium
    Firm:
    CMS Belgium
    Liquidateur de sociétés : attention danger
    2014-11-07

    La Cour d’appel de Mons a encore récemment rappelé la responsabilité attachée à la fonction de liquidateur d’une société commerciale.

    Filed under:
    Belgium, Insolvency & Restructuring, Litigation, CMS Belgium
    Authors:
    Grégory De Sauvage
    Location:
    Belgium
    Firm:
    CMS Belgium
    Vers une diminution du nombre de faillites grâce aux comptables?
    2013-10-24

    La principale innovation de la loi du 27 mai 2013 modifiant la loi du 31 janvier 2009 sur la continuité des entreprises (« LCE ») réside dans le renforcement considérable des missions dévolues aux professionnels du chiffre.

    Dès lors que la pratique révèle que le recours à la réorganisation judiciaire est souvent trop tardif, le législateur a été soucieux que les dirigeants soient informés suffisamment tôt des menaces qui pèsent sur la continuité de leur entreprise.

    Filed under:
    Belgium, Company & Commercial, Insolvency & Restructuring, CMS Belgium
    Authors:
    Grégory De Sauvage
    Location:
    Belgium
    Firm:
    CMS Belgium
    Legal entities serving as directors or liquidators become subject to VAT as of 1 January 2015
    2014-11-26

    Until now legal entities serving as board members, directors, or liquidators of companies could choose whether to subject themselves to VAT for the services they rendered. But according to the Belgian VAT administration’s published decision ET.125.180 on 20 November 2014, this optional regime will be abolished from 1 January 2015, making these entities liable for VAT mandatorily.

    Filed under:
    Belgium, Company & Commercial, Insolvency & Restructuring, Tax, Stibbe, Legal personality, Value added tax
    Authors:
    Wim Panis , Thierry Denayer , Xavier Gillot
    Location:
    Belgium
    Firm:
    Stibbe
    Important changes to the Financial Collateral Act
    2011-11-10

    Since the entry into force of the Financial Collateral Act of 15 December 2004 (the "Collateral Act") implementing Directive 2002/47/EC on financial collateral arrangements as regards linked systems and credit claims (the "Collateral Directive"), financial collateral arrangements have benefitted from increased flexibility and legal certainty in Belgium.

    Filed under:
    Belgium, Banking, Insolvency & Restructuring, NautaDutilh, Credit (finance), Debtor, Collateral (finance), Security (finance), Waiver, Limited liability company, Margin (finance), Mortgage loan, Mortgage-backed security, Bank secrecy, European Commission
    Authors:
    Thibaut Willems
    Location:
    Belgium
    Firm:
    NautaDutilh
    Netting arrangements: unenforceable in Belgium against non-merchants, any solutions?
    2011-12-19

    The Belgian Constitutional Court declared netting arrangements in insolvency proceedings, which are explicitly allowed under the Belgian Financial Collateral Law of 15 December 2004, unconstitutional where such netting arrangements apply to non-merchants. Despite the numerous criticisms on this decision, a legislative proposal was drafted on 13 September 2011 in order to explicitly exclude non-merchants from the application of the Belgian Financial Collateral Law.

    Filed under:
    Belgium, Insolvency & Restructuring, Litigation, CMS Legal, Collateral (finance), Debt, Constitutionality
    Authors:
    Virginie Fremat
    Location:
    Belgium
    Firm:
    CMS Legal
    Petroplus group enters insolvency proceedings
    2012-01-31

    Petroplus, the largest independent refiner and wholesaler of petroleum products in Europe entered into various insolvency proceedings in Switzerland, England and Wales, France, Germany and Belgium on 24-27 January 2012 after the group failed to reach agreement with its creditors to extend the deadline of its loan repayments.

    Filed under:
    Belgium, France, Germany, Switzerland, United Kingdom, England, Wales, Insolvency & Restructuring, Reed Smith LLP, Convertible bonds
    Location:
    Belgium, France, Germany, Switzerland, United Kingdom
    Firm:
    Reed Smith LLP
    Netting arrangements: not enforceable in Belgium against non-merchants: any solutions?
    2012-02-01

    Through its decision of 27 November 2008, the Belgian Constitutional Court declared netting arrangements in insolvency proceedings, which are explicitly allowed under the Belgian Financial Collateral Law of 15 December 2004, unconstitutional where such netting arrangements apply to non-merchants. Despite the numerous criticisms about this decision, the amended Belgian Financial Collateral Law, entered into force on 10 November 2011, now explicitly excludes non-merchants from its scope.

    Filed under:
    Belgium, Insolvency & Restructuring, Litigation, CMS Belgium, Bankruptcy, Debt, Constitutionality
    Authors:
    Virginie Fremat
    Location:
    Belgium
    Firm:
    CMS Belgium

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