Distressed Companies: How to help financially distressed businesses

Philippe Termote is a committee member of IR Global, a leading international network of business advisors. Philippe co-directs the insolvency law working group within IR Global and examines the international trends within International Insolvency Law.
As a member of IR Global, Philippe Termote contributed to the opinion piece ‘Distressed Companies: How to help financial distressed companies‘ where IR Global members talk about the problems facing distressed companies in their jurisdiction. They provide an overview of the business environment after the pandemic and then take a closer look at the recovery options available within their jurisdiction to help ailing companies.
In Belgium, distressed companies rely on the judicial reorganization procedure, in which Agio Legal is particularly specialized. As a result, a period of creditor protection is offered to companies applying for reorganization under the supervision and guidance of the Commercial Court.


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