New measures to encourage (silent) restructuring
The COVID-19 pandemic continues to have a significant impact on the global economy, as businesses worldwide face liquidity problems and related insolvency risks. Special Decree No 15 of 24 April 2020 provided temporary protection to Belgian companies against inter alia bankruptcy petitions and certain enforcement measures. The first moratorium ran from 24 April 2020 until 17 May 2020, and the second from 24 December 2020 to 31 January 2021.
To further protect viable businesses, the Belgian government has adopted a first set of measures, with others still in the pipeline.
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