"The Show Must Go On": Protection Against Creditors during the COVID-19 Crisis
Queen’s song was clearly not about COVID 19 but the message remains the same: even if the music industry is struggling, the show must go on!
It is undeniable that, with the lockdown measures and other restrictions imposed by the Belgian government to fight against COVID-19, many companies have to deal with revenue loss while keeping high level of costs. This is particularly true for the cultural sector and the music industry with the cancellation of so many events.
Last week, the Belgian government has adopted several measures to protect debtors against creditors in these difficult times.
The Royal Decree suspends various enforcement measures automatically until 17 May 2020. This period could be extended if the government deems it necessary.
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