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    E-flash: “Prolongation du cessez-le-feu - moratoire pour les faillites et voies d’exécution jusqu’au 17 juin 2020 au moins”
    2020-05-15

    Le 24 avril 2020, un sursis pour les voies d’exécution des créanciers et les déclarations de faillite ou de dissolution judiciaire est entré en vigueur pour les entreprises belges confrontées à des difficultés financières en raison de la pandémie/épidémie du COVID-19 et des mesures prises dans ce cadre. Cette protection était initialement en vigueur jusqu’au 17 mai 2020. Le sursis est maintenant prolongé jusqu’au 17 juin 2020 au moins. La prolongation de cette mesure a été publiée au Moniteur Belge le 13 mai 2020.

    Filed under:
    Belgium, Insolvency & Restructuring, Lydian, Moratorium, Coronavirus
    Authors:
    Yves Lenders , Kim Van Zummeren
    Location:
    Belgium
    Firm:
    Lydian
    E-flash: “Staakt het vuren verlengd - moratorium op faillissementen en uitvoeringsmaatregelen nog minstens tot 17 juni 2020”
    2020-05-15

    Op 24 april 2020 trad een moratorium op uitvoeringsmaatregelen vanwege schuldeisers en faillietverklaring of gerechtelijke ontbinding in werking voor Belgische ondernemingen die te kampen krijgen met financiële moeilijkheden door de COVID-19 pandemie/epidemie en de in de context hiervan genomen maatregelen. Deze bescherming was initieel van kracht tot en met 17 mei 2020. Het moratorium wordt nu verlengd tot minstens 17 juni 2020. De verlenging van de maatregel werd op 13 mei 2020 bekend gemaakt via het Belgisch Staatsblad.

    Filed under:
    Belgium, Insolvency & Restructuring, Lydian, Coronavirus
    Authors:
    Yves Lenders , Kim Van Zummeren
    Location:
    Belgium
    Firm:
    Lydian
    Belgian moratorium on creditors’ rights extended until 17 June 2020
    2020-05-14

    The statutory moratorium imposed by Royal Decree n° 15 to protect debtors affected by the coronavirus (COVID-19) crisis from their creditors is extended by decision of the Belgian federal government from 17 May 2020 to (and including) 17 June 2020.

    The statutory moratorium imposes a stay on creditors’ right to enforce debts, terminate or dissolve existing agreements early and initiate bankruptcy proceedings and forced transfer of assets under judicial reorganisation.

    Filed under:
    Belgium, Insolvency & Restructuring, Loyens & Loeff, Moratorium, Coronavirus
    Authors:
    Marc Vermylen
    Location:
    Belgium
    Firm:
    Loyens & Loeff
    Is my business automatically protected against creditors during COVID-19 crisis?
    2020-05-08

    https://www.internationallawoffice.com/subscriptions/Subscribe.aspx

    Filed under:
    Belgium, Insolvency & Restructuring, ALTIUS, Debt, Creditors' rights, Coronavirus
    Location:
    Belgium
    Firm:
    ALTIUS
    Updated Country Guide: Government Measures Taken in Response to COVID-19
    2020-05-07

    In collaboration with our foreign law firm partners, we continue to update our chart of COVID-19 measures taken by governments around the world. Today’s update includes new information for many countries as indicated in the chart: Global Government Measures Taken in Response to COVID-19.

    Filed under:
    Australia, Belgium, Brazil, Canada, Chile, China, Costa Rica, El Salvador, Eurasia, European Union, France, Germany, Guatemala, Honduras, India, Indonesia, Israel, Italy, Japan, Mexico, Netherlands, Panama, Philippines, Poland, Russia, South Africa, South Korea, Spain, Thailand, Turkey, United Kingdom, USA, Vietnam, Banking, Company & Commercial, Corporate Finance/M&A, Employee Benefits & Pensions, Employment & Labor, Healthcare & Life Sciences, Insolvency & Restructuring, Leisure & Tourism, Product Regulation & Liability, Projects & Procurement, Public, Real Estate, Tax, Trade & Customs, Thompson Hine LLP, Wage, Dividends, Sick leave, Tax deduction, Subsidy, Force majeure, Annual general meeting, Tax deferral, Donald Trump, Coronavirus, CARES Act 2020 (USA)
    Location:
    Australia, Belgium, Brazil, Canada, Chile, China, Costa Rica, El Salvador, Eurasia, European Union, France, Germany, Guatemala, Honduras, India, Indonesia, Israel, Italy, Japan, Mexico, Netherlands, Panama, Philippines, Poland, Russia, South Africa, South Korea, Spain, Thailand, Turkey, United Kingdom, USA, Vietnam
    Firm:
    Thompson Hine LLP
    Kmo’s moeten binnen 60 dagen betaald zijn
    2020-05-05

    Op 29 oktober 2019 werd de wet van 28 mei 2019 tot wijziging van de Wet Betalingsachterstand gepubliceerd in het Belgisch Staatsblad. Deze nieuw wet voert beperkingen in m.b.t. de toegelaten betalingstermijnen tussen ondernemingen en zal van toepassing zijn op overeenkomsten die worden gesloten vanaf 29 april 2020.

    Filed under:
    Belgium, Insolvency & Restructuring, Lydian, Coronavirus
    Authors:
    Yves Lenders , Jonathan Vanderstichele
    Location:
    Belgium
    Firm:
    Lydian
    Het tijdelijk wettelijk moratorium op faillissementen
    2020-05-04

    De maatregelen die genomen zijn ter bestrijding van het COVID-19 virus hebben de financiële positie van ondernemingen ernstig beïnvloed. Verschillende ondernemingen worden geconfronteerd met een daling in inkomsten en zullen wellicht niet langer in staat zijn om hun schulden af te betalen. Ondernemingen in financiële moeilijkheden worden zo gedwongen tot insolventie. In het Koninklijk Besluit nr.

    Filed under:
    Belgium, Insolvency & Restructuring, Real Estate, Sirius Legal
    Authors:
    Jenny Cheung
    Location:
    Belgium
    Firm:
    Sirius Legal
    Bridging the Covid-19 economic turmoil: Belgian legislator steps in with emergency insolvency legislation to protect undertakings in financial distress due to the Covid-19 crisis
    2020-04-28

    The confinement measures adopted by various governments to fight the Covid-19 outbreak have severely impacted the financial position, and particularly cashflow, of many undertakings. Revenues have completely or partially dried up, whilst overhead and recurring costs continue to be incurred.

    Filed under:
    Belgium, Banking, Insolvency & Restructuring, Litigation, Linklaters LLP, Coronavirus
    Location:
    Belgium
    Firm:
    Linklaters LLP
    COVID-19: Belgian government grants a moratorium on insolvency and enforcement proceedings
    2020-04-28

    The effects of the COVID-19 outbreak leave many Belgian enterprises in financial distress, or even, for some of them, at risk of insolvency. In order to help these enterprises navigate the crisis and prevent them from going bankrupt, the Belgian Government implemented a moratorium on insolvency and enforcement proceedings.

    Beneficiaries

    Any enterprise (e.g. any legal person) whose continuity is threatened due to the COVID-19 outbreak and which was not in cessation of payments on 18 March 2020 may benefit from this moratorium.

    Filed under:
    Belgium, Insolvency & Restructuring, White & Case, Coronavirus
    Authors:
    Thierry Bosly , Muriel Alhadeff , Julien Hislaire , Nicolas Vande Velde
    Location:
    Belgium
    Firm:
    White & Case
    E-zine: “Cessez-le-feu - moratoire temporaire pour les faillites et voies d’exécution”
    2020-04-28

    Tant au niveau fédéral que régional, les autorités belges ont introduit un grand nombre de mesures de soutien pour aider les entreprises belges à faire face à la crise actuelle du Coronavirus. Malheureusement, malgré ces mesures, il n’est pas exclu que de nombreuses entreprises ne soient plus en mesure de payer leurs dettes à court, moyen ou long terme. Jusqu’à il y a peu, ces entreprises pouvaient compter ‘uniquement’ sur la procédure de réorganisation judiciaire pour se protéger contre une faillite (imminente).

    Filed under:
    Belgium, Company & Commercial, Insolvency & Restructuring, Lydian, Moratorium, Coronavirus
    Authors:
    Yves Lenders , Kim Van Zummeren
    Location:
    Belgium
    Firm:
    Lydian

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