LOUIS VERSTRAETEN PRESENTED AND ANALYSED THE RECENT PLESSERS CASE ON AN INSOLVENCY SEMINAR ORGANIZED BY INSOL EUROPE AND AIJA
Our insolvency partner Louis Verstraeten presented and analysed the recent Plessers case (European Court of Justice, 16 May 2019, C-509/17) on an insolvency seminar organized by INSOL EUROPE and AIJA in Mallorca on 15 June 2019.
This case has far reaching effects for insolvency restructuring in Belgium. It makes a transfer of a business via a judicial restructuring more challenging and more time consuming. The Belgian legal provision, giving the acquirer of the business an option to choose and justify the employees that would transfer, was declared contrary to European law, in particular the Directive 2001/23 on Transfer of Undertakings and the protection of employee rights.
The case will likewise also affect other restructuring options implemented in other European member states in the recent past as an effort to curb the negative effect of insolvencies on employment.