Alerts
Temporary reprieve for companies affected by the health crisis.
The numerous crisis measures taken against the spread of the COVID-19 virus have hit the economy hard. Companies' cash reserves are obviously limited and the total or partial disappearance of their income may threaten their continuity. Measures taken to relieve business cash flow (see our article here) are not always enough to ensure their continuity. Moreover, the government wanted to [...]
How can the judicial reorganisation procedure help my company through the crisis?
In the crisis we are going through, many viable companies are at risk of having their continuity temporarily shaken, despite the measures taken by the public authorities. These companies will ultimately find an ally in the judicial reorganization process (PRJ) by collective agreement. This procedure results in the suspension of forced sales and bankruptcy proceedings for up to 18 months [...]
Explainer video of the Law of March 27, 2020 (state guarantee)
Two days ago, on 1 April, the law of 27 March 2020 on the state guarantee came into force. This is a law with special powers empowering the government to grant a state guarantee up to a maximum amount of EUR 50,000,000,000 to guarantee credits to companies as part of the fight against the economic consequences of the coronavirus crisis. [...]
Aides aux entreprises en cette période de crise sanitaire (COVID-19)
download a pdf version here The health crisis that we are experiencing has a very negative impact on the economy and a lot of Belgian companies are suffering from it. Fortunately, in Belgium, there are provisions that allow companies (in the broadest sense) to benefit from favorable regimes. While some of these provisions already existed before the health crisis, others [...]