The Continuity Law amended
A new law amending the Continuity Law was passed by Parliament and is pending for publication in the Belgian State Gazette.
The law brings adjustments to the Continuity Law with a view to enhancing efficiency and avoiding abuse. Accordingly, it will have a significant impact on judicial reorganisations.
Please click here to read our note which covers the key amendments:
- Restricted access to the procedure
- Rebalance of the interests of the company and its stakeholders
- Stricter requirements for purchaser in case of transfer of enterprise
- Updated rights of employees and social security provisions
- Procedural changes