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The impact of the EU Restructuring Directive on the Belgian collective plan: “To class or not to class?” – that’s the question for the Belgian legislator

Corporate Finance Lab

The official deadline for the implementation of the Directive (EU) 2019/1023 on restructuring and insolvency was scheduled for 17 July 2021. Such class formation for the approval of a restructuring plan is unprecedented in Belgian insolvency law and could completely upset the bargaining dynamics between stakeholders in Belgian restructurings.

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The new Belgian restructuring plan for large enterprises: secured creditors no longer entitled to the reorganisation value

Corporate Finance Lab

The long anticipated law of 7 June 2023 implementing the European Directive on restructuring and insolvency brings about a major reform of Belgian insolvency law. The restructuring plan will be submitted to the court for ratification if it is approved by a 50.01% majority (by principal amount) within each class. Yes and no.

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Company insolvencies rise 32% in December

Accountancy Today

There were 1,964 company insolvencies in December 2022, up 32% compared with December 2021 (1,489) and 76% higher than the number registered three years previously, according to the latest figures from the Insolvency Service. IVA numbers also ranged from around 6,300 to 7,800 per month over the past year.

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Where Can FP&A Career Path Take You?

Fpanda Club

The emerging FP&A practice steps out of the shadow of other finance functions becoming a standalone entity which involves its own mission, goals, organization, processes, tools and skills. This feature is an important advantage of a forecast over a budget which, on the contrary, is static and is rarely changed once approved.

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IEAF Call for Papers: Insolvency Law in Times of Crisis

Corporate Finance Lab

Accordingly, proposals are invited that do more than just outline a topic of interest in respect of any given jurisdiction, but seek to understand, analyze and critique the fundamentals of insolvency and restructuring systems in ways that are relevant across jurisdictions and across fields of academic inquiry.

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Company insolvencies rise 16% in March

Accountancy Today

The number of registered company insolvencies in March 2023 was 2,457, 16% higher than in the same month in the previous year (2,120 in March 2022), according to the latest figures released by the Insolvency Service. In addition, there were 288 compulsory liquidations in March 2023, which is more than twice the number in March 2022.

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Musings on Markets: Data Update 5 for 2022: The Bottom Line!

CFO News Room

The question of whether a company is making or losing money should be a simple one to answer, especially in an age where accounting statements are governed by a myriad of rules, and a legion of number-crunchers follow these rules to report profits generated by a firm. The numbers yield interesting insights. .

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