On Wednesday 13th of May, the Belgian Government decided to extend the series of measures contained in Royal Decree No. 15 regarding the temporary suspension of enforcement measures and other measures in favour of companies during the COVID-19 crisis. The initial date of the end of the moratorium scheduled for 17 May 2020 has been postponed until 17 June 2020, which date could itself be subject to further prolongation by further legislative decree.
Further information on Royal Decree No. 15 can be found in our article “Royal Decree No. 15 regarding the temporary suspension of enforcement measures and other measures in favour of companies during the COVID-19 crisis” and its practical implications are discussed in our FAQs:
- What precautions should be taken prior to initiating new business relationships?
- What securities may be effectively taken notwithstanding the limitations imposed by Royal Decree No. 15?
- My debtor is known to be bankrupt, what can I do?
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