Judicial reorganisation proceedings version 2.0: Belgium finally implements the European Restructuring Directive (July 2023)
Client Briefings
Introduction
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On 7 June 2023, the Belgian parliament adopted a long-awaited bill amending the Belgian insolvency provisions to implement the European Restructuring Directive. The bill will enter into force on 1 September 2023.
This briefing provides an overview of the main changes of the new bill and some of its implications for lenders and distressed companies.
