Bankruptcy Law of 1 December 2016 and Book XX Insolvency of Enterprises (Law of 11 August 2017)
Pursuant to the Law of 1 December 2016, the existing Belgian insolvency legislation was amended and since then, the settlement of the bankruptcy file has taken place electronically via DPA-RegSol.
Pursuant to the Law of 11 August 2017, with the introduction of Book XX in the Economic Law Code (WER), the Register was further expanded as from 1 May 2018 and the following functions were included:
- the digital submitting of the bankruptcy declaration and the complete legal settlement of the bankruptcy;
- the digital submitting of the amicable settlement concluded between a number of parties, outside the court and any proceedings;
- the digital request for judicial reorganisation proceedings (amicable settlement, collective agreement, or transfer) and the complete procedural settlement.
The relevant legal texts can be found here:
• Bankruptcy law
• Book XX