Since its inception, CMS DeBacker has always been the leading law firm for the restructuring of companies in distress.
In this respect, the firm has notably been awarded the title “Best Firm in Insolvency” by Corporate International at its legal awards in 2010.
The law of 31 January 2009 on the continuity of enterprises has given our Restructuring & Insolvency department the opportunity of intervening in a large number of judicial restructuring procedures.
Recently, our firm was able to demonstrate its expertise in this area. The Commercial Court of Nivelles, in its judgment of 16 January 2012, authorized the transfer of Thissen Laboratories’ activities to the French company Phinex, which was represented by CMS DeBacker.
This judicial procedure had a particular focus on employment issues and, in the end, led to the rescue of 145 jobs.
The judgment has been examined in the present edition of the CMS Newsletter by our specialists in labour and insolvency law.
We wish you a pleasant reading of the latest newsletter.
Head of the Restructuring & Insolvency practice