Clifford Chance

Coronavirus and debt restructuring under Belgian law

7 May 2020

The Coronavirus outbreak has posed major challenges to businesses globally. Many will prove to be sufficiently robust, and the far-reaching measures put in place by governments, regulators and the financial sector will help them to weather the storm. Businesses which are especially troubled by the crisis will, however, have difficult choices to make, especially as the precise impact on their operations and financial condition may be difficult to assess at this stage. An adequate and timely response to the rapidly evolving situation and appropriate contingency planning are key to overcoming the crisis.

In this briefing, we demystify the restructuring options available to Belgian companies in light of the new temporary moratorium regime, and we consider the pros and cons of these options to businesses from a practical perspective.

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