As in other countries, the current economic and financial crisis has already taken its toll on Belgium. The number of bankruptcies has reached record heights. Unemployment is rising and forecasts for 2009 are pessimistic.In this context, on 31 January, 2009 the Belgian Parliament adopted a new Act on Business Continuity, completed by a Royal Decree of 27 March, 2009. It came into force on 1 April, 2009.
April 29, 2009 at 10:33 PM
1 minute read
The original version of this story was published on Legalweek
A new business continuity Act in Belgium marks an overall change in how the Government is handling companies in financial distress. Paul van der Putten reports
As in other countries, the current economic and financial crisis has already taken its toll on Belgium. The number of bankruptcies has reached record heights. Unemployment is rising and forecasts for 2009 are pessimistic.
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