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Belgium Providing that Changes in Payment Terms for Grandfathered Loans Due to COVID-19 Will Not be Considered a Fundamental Change — Orbitax

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Belgium Providing that Changes in Payment Terms for Grandfathered Loans Due to COVID-19 Will Not be Considered a Fundamental Change

|Approved Changes|Belgium
Belgium

Belgium has published Circular 2021/C/94 of 18 October 2021 concerning loan changes due to the impact of the COVID-19 pandemic in relation to grandfathered "old" loans under Belgium's 30% of EBITDA interest deduction limitation rules. The Circular provides that where changes in loan payment terms have been exceptionally made as a result of the COVID-19 pandemic, such changes will not be consid…

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