Appointment
A trustee (curator/curateur) is appointed in a bankruptcy proceeding pursuant to Article 27 of the Bankruptcy Act of August 8, 1997, as amended (Bankruptcy Act).
Since April 1, 2009, the Belgian Act of January 31, 2009 on the Continuity of Undertakings (Act on the Continuity of Undertakings) replaced the existing Act of July 17, 1997 on the Judicial Composition. The new Act provides a more flexible restructuring instrument whereby more options are available for the debtor or the management of the company (who remain, in
principle, in charge of the business) to restructure its business.
