Sonja Geldermans

Turboliquidation is popular among entrepreneurs seeking to terminate their company quickly and cost-effectively.
With a single resolution by the shareholder(s) and registration with the Chamber of Commerce, the legal entity can cease to exist—provided that no assets remain. However, this does not automatically eliminate outstanding debts. Creditors may still petition the court to declare the company bankrupt. Below, you’ll find what is required for such a bankruptcy declaration and why careful application of turboliquidation is essential.

A bidder accuses an evaluation committee of having acted outside the pre-established evaluation framework by failing to recognize the “added value” of his proposal. An interesting detail: this concerned a contract not subject to public procurement obligations. As a result, Part 2 of the Public Procurement Act does not apply. What does apply instead?

The European Commission has published a summary of the initial findings from the consultation on the European procurement directives. The consultation yielded a total of 733 responses. What do these responses reveal about the functioning of the current directives?