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    Droit de rétention et abus de droit
    2013-10-24

    Confronté au défaut de paiement de son débiteur, un créancier peut être tenté d’accentuer la pression sur ce dernier en usant de son droit de rétention.

    Le droit de rétention est celui dont « dispose un créancier de différer jusqu’à paiement la restitution d’un bien, propriété ou non du débiteur, dans la mesure où il existe un lien de connexité entre le bien détenu par lui et sa créance ».

    Filed under:
    Belgium, Insolvency & Restructuring, Litigation, CMS Belgium
    Authors:
    François-Xavier Van der Mersch
    Location:
    Belgium
    Firm:
    CMS Belgium
    Vordering van fiscus tegen bestuurder lopende het faillissement van een vennootschap
    2013-11-05

    Recent heeft het Hof van Cassatie de deur iets wijder opengezet voor schuldeisers van een failliete vennootschap om, hangende het faillissement, een individuele vordering in te stellen tegen de bestuurders van de gefailleerde (Cass. 5 september 2013, A.R. nr. C.12.0445.N,www.juridat.be). Concreet mocht de fiscus de niet-betaalde bedrijfsvoorheffing, die opgenomen was in het passief van het faillissement, de facto integraal verhalen op de bestuurders, op grond van foutaansprakelijkheid.

    Filed under:
    Belgium, Insolvency & Restructuring, Litigation, Stibbe
    Authors:
    Paul Van der Putten , Tobe Inghelbrecht
    Location:
    Belgium
    Firm:
    Stibbe
    Consultation européenne sur le projet de lignes directrices relatives aux entreprises en difficulté
    2013-11-21

    Le 5 novembre 2013, la Commission européenne a rendu public son projet de lignes directrices relatives aux aides au sauvetage et à la restructuration des entreprises en difficulté et l’a soumis à une consultation publique qui prendra fin le 31 décembre 2013. Elles remplaceront début 2014 les lignes directrices actuelles, adoptées en 2004.

    La proposition de la Commission est disponible sur le lien suivant.

    Filed under:
    Belgium, Insolvency & Restructuring, CMS Belgium, EBITDA
    Authors:
    Annabelle Lepièce
    Location:
    Belgium
    Firm:
    CMS Belgium
    Overview of recent amendments to the Business Continuity Act
    2013-12-19

    On 1 August 2013, an act amending the Business Continuity Act ("BCA") of 31 January 2009 entered into force.

    The new act tackles the most common types of abuse under the Business Continuity Act and aims to reduce the number of bankruptcies following reorganisation governed by the BCA. The basic principles of the Business Continuity Act remain unchanged, however.

    Filed under:
    Belgium, Insolvency & Restructuring, NautaDutilh, Bankruptcy
    Location:
    Belgium
    Firm:
    NautaDutilh
    The new formal requirements of the Belgian Continuity of Enterprises Act: a good step forward?
    2014-03-04

    Recently, the Belgian Continuity of Enterprises Act (hereinafter the “Act”) celebrated the fifth anniversary of its adoption by the Belgian parliament. Since its entry into force on 1 April 2009, the Act has been quite successful: in comparison with the former “Judicial Composition Act” of 17 July 1997, a significantly larger number of enterprises have had recourse to it. The Act does indeed offer a new range of options – including a potential judicial settlement with debtors – intended to help distressed companies to recover from their financial situation.

    Filed under:
    Belgium, Insolvency & Restructuring, CMS Belgium, Debtor
    Authors:
    François-Xavier Van der Mersch
    Location:
    Belgium
    Firm:
    CMS Belgium
    L’impact du statut unique en matière de transfert d’entreprise et de reprise d’actifs après faillite
    2014-03-04

    Pour rappel, la convention collective de travail n° 32bis (ci-après « CCT 32bis ») traite tant du transfert conventionnel d’entreprise – chapitre II de la CCT 32bis – que de la reprise d’actifs après faillite – chapitre III de la CCT 32bis.

    Filed under:
    Belgium, Corporate Finance/M&A, Insolvency & Restructuring, CMS Belgium
    Authors:
    Sophie Berg
    Location:
    Belgium
    Firm:
    CMS Belgium
    Euroresource—deals and debt
    2012-07-20

    Recent Developments

    Filed under:
    Belgium, Italy, Spain, United Kingdom, Banking, Competition & Antitrust, Insolvency & Restructuring, Litigation, Tax, Jones Day
    Authors:
    Corinne Ball
    Location:
    Belgium, Italy, Spain, United Kingdom
    Firm:
    Jones Day
    Simplification of the voluntary liquidation procedure for non-deficit companies and modification of the voluntary liquidation procedure in general
    2012-12-06

    The new law of 19 March 2012 amending the Belgian Companies Code on the liquidation procedure which entered into force on 17 May 2012 (the “Law”) has put an end to the legal uncertainty and the controversial practice that arose from the law of 2 June 2006 regarding the realisation of the dissolution and liquidation of a company in one single act.

    This new Law has to be read alongside the law of 22 April 2012 amending the Judicial Code on the liquidation procedure of companies (also entered into force on 17 May 2012).

    Filed under:
    Belgium, Insolvency & Restructuring, CMS Belgium, Liquidation
    Authors:
    Catherine Willemyns
    Location:
    Belgium
    Firm:
    CMS Belgium
    A new look at the Belgian judicial reorganization through transfer under judicial supervision
    2013-02-27

    After almost four years of existence, the Belgian “Act on Continuity of Enterprises” has achieved great success for companies in financial difficulties that wish to shelter from creditors’ lawsuits in order to attempt a restructuring of their business. The Act enables distressed companies to use effective and flexible recovery procedures to continue their business activities and to avoid insolvency.

    Filed under:
    Belgium, Company & Commercial, Insolvency & Restructuring, Litigation, CMS Belgium, Debtor
    Authors:
    François-Xavier Van der Mersch
    Location:
    Belgium
    Firm:
    CMS Belgium
    Het gerechtelijk reorganisatieplan: wat kan men hierin voorzien en wie kan aan de stemming erover deelnemen?
    2013-02-27

    Overeenkomstig artikel 53 Wet Continuïteit Ondernemingen (hierna “WCO”) is de deelname aan de stemming voorbehouden aan de schuldeisers in de opschorting op wiens rechten het reorganisatieplan een weerslag heeft. Het begrip “weerslag” moet ruim geïnterpreteerd worden en omvat alle maatregelen waarin een reorganisatieplan kan voorzien, zoals een opschortende termijn, een schuldvermindering of elke andere wijziging van de schuldvordering.

    Filed under:
    Belgium, Insolvency & Restructuring, Litigation, CMS Belgium
    Authors:
    Philippe Hendrickx
    Location:
    Belgium
    Firm:
    CMS Belgium

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