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Update: Flexibility in the judicial reorganisation procedure extended until 16 July 2022

05 Jul 2021

The law of 21 March 2021 reshuffled the cards of the judicial reorganisation procedure.

It made it more flexible, more discrete and put an end to the tax discrimination that existed with out-of-court agreements. For a complete overview, see our previous article.

These changes were only meant to be temporary: from the end of March 2021 until 30 June 2021.

However, as provided for in the original law, the government extended this period by just over a year, until 16 July 2022.

We invite you to contact our experts if you have any questions on the subject or if you need any advice about how to manage your relationships with companies who are in difficulty. 

 

Contact us

Christophe Wathion

Christophe Wathion

Senior Managing Associate, PwC Legal BV/SRL

Tel: +32 499 77 07 64

Charles Cuvelier

Charles Cuvelier

Senior Associate, PwC Legal BV/SRL

Tel: +32 472 90 24 50

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