INSOLVENCY Series | Episode 3: Public and private reorganisation procedures
An undertaking in financial distress can consider judicial reorganisation as a means of restoring its financial stability. The judicial reorganisation procedure (“JRP”) is the Belgian pre-insolvency procedure, whose purpose is indeed to safeguard the continuity of the undertaking facing financial difficulties. Belgian law provides for two JRPs: JRP by mutual agreement, which aims to reach […]
