On 13 July 2017, the Chamber of Representatives of the federal Parliament adopted in plenary session the Bill introducing a new Book XX "Insolvency of undertakings" into the Code of Economic Law ...

In doing so, the Supreme Court rejected the argument put forward by the defendants that it had equated the requirement for criminal intent with a mere violation of the fiduciary duties of the directors.

Contrary to Portuguese law, the application of Luxembourg law would not have resulted in the termination of the pending lawsuits.

In many articles where experts present their country and services through various topics in their comfort zone, one often finds that it is about tax benefits, social benefits, subsidies and so on, and always for prosperous companies ...

On 28 December 2010, the Leuven Commercial Court handed down a judgment in application of Article 184 of the Belgian Companies’ Code governing the appointment of a liquidator in the event of the dissolution of a company.

The Belgian Constitutional Court addressed in a recent judgment the treatment of creditors in a collective debt settlement procedure.

On 4 May 2017, the federal Parliament adopted a new law which introduces extensive changes to the procedure of judicial liquidation of companies.

On 12 December 2012, the European Commission submitted a proposal for a Regulation to amend Regulation (EC) No 1346/2000 on insolvency proceedings.

The Recast Insolvency Regulation 2015/848 governs cross-border insolvency proceedings within the European Union

In two judgments, dated 18 February 2016 and 24 March 2016, the Constitutional Court decided on the constitutionality of two provisions of the Law of 31 January 2009 on the Continuity of Enterprises.

Two new laws have made the dissolution and liquidation of companies easier because the liquidation procedure itself is now simplified.

In its decision of 3 March 2011, the Liège Court of Appeal declared an action against the liquidator of a limited liability company C. (hereinafter the "Company") (i) inadmissible with respect to the action against the liquidator in his official function; and (ii) without merit with respect to the action against the liquidator in his personal capacity.

In het dynamische landschap van bedrijfsvoering is het verband tussen faillissementen en innovatie dichterbij dan op het eerste gezicht zou worden aangenomen.

On 18 January 2017, nearly three years after its entry into force, Regulation 655/2014 of 15 May 2014 establishing an EAPO procedure to facilitate cross-border debt recovery in...

The recently published report on the evaluation of the ESUG, the German law to facilitate the restructuring of companies, states that the changes introduced by the ESUG have been received...

The COVID-19 crisis has emphasised the importance of having performant insolvency proceedings. As of now, new measures are in force which aim to optimise the judicial reorganisation procedure.

Pre-packaged sales, or "pre-packs," have long been utilized in the United Kingdom and the United States as a restructuring mechanism that enables the sale of a distressed business to be arranged...

On 23 April 2012, Echo NV entered into a judicial reorganisation proceeding.

The European Union has recognised the need for harmonised insolvency laws across its member states and has taken a significant step forward with the introduction of the new EU Restructuring Directive ((EU) 2019/1023).

Belgium had accumulated a significant legislative backlog within insolvency law. The European Directive 2019/1023 on restructuring had to be transposed into national law by the member states by 17 July 2022...