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Covid-19 coronavirus: Belgian bank debt relief measures

Final regimes are in force

Companies are facing unprecedented liquidity issues due to the Covid-19 coronavirus outbreak. On 22 March 2020, the Belgian government announced a 6-month payment holiday on bank loans and a EUR 50bn state guarantee scheme. The details of the payment holiday are available since 31 March 2020. The long-awaited State guarantee scheme was published on 15 April 2020. With both regimes now in force, this eAlert provides a summary overview of the details of both regimes in the form of the attached index cards.

A&O is following up closely on developments with the banks and our corporate clients. Do not hesitate to reach out to discuss the details of the regimes with your A&O contact or to discuss your specific concerns.

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