From september 1, 2023, an important reform of insolvency law will come into force in Belgium. This reform is the result of the transposition of a European directive aimed at harmonising insolvency law at European level. The reform has multiple objectives, including…
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On 7 June 2023, Belgium made significant changes to insolvency law with the introduction of the law of 7 June 2023 transposing the restructuring directive. This act has significant implications for the role and responsibilities of trustees. In this article, we will discuss some essential…
The law of 4 May 2023, which was published in the Belgian official gazette on 23 May 2023, added Book XIX “consumer debts” to the Code of economic law (WER) in Belgium. This book provides rules and procedures regarding late payments of…