INSOLVENCY Series | Episode 2: Identifying risks and preventive tools

IDENTIFYING RISKS OF INSOLVENCY AND PREVENTIVE TOOLS TO AVOID INSOLVENCY Insolvency proceedings, and in particular liquidation proceedings, should remain a last resort. Accordingly, the Belgian Code of Economic Law (“CEL”) contains several preventive mechanisms designed (1) to detect the risk of insolvency in due course, and (2) to take preventive measures to redress undertakings’ financial […]