International Corporate Rescue
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Vol 15 (2018) - Issue 5
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The Recent Reforms in and Modernisation of Belgian Insolvency Law
Alice Boulvain and Ahmed Tayane, Associates, Loyens & Loeff CVBA, Brussels, BelgiumSynopsis
The Belgian government has recently taken several steps to modernize and simplify Belgian insolvency law, with a view to increasing the effectiveness of (Belgian and cross-border) insolvency proceedings. The result is a comprehensive set of updated insolvency rules in one single Code, an enhanced protection of certain creditors, a digitalization of the proceedings and a strengthened out-of-court restructuring process.
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