La Revue Squire

RESTRUCTURATIONS - ENTREPRISES EN DIFFICULTE

New French insolvency law enters into force on 01/01/2006 - 20/01/2006

Inspired by the American bankruptcy law known as “Chapter 11”, the “law to safeguard businesses” is aimed at helping businesses to avoid financial difficulties and to allow companies in bankruptcy to avoid liquidation. The law of 1985 According to statistics, the law of 1985 did not have the desired results – more...

Appointment of English administrators not contrary to French public policy - 20/01/2006

In May 2005, we reported that the appointment of administrators by the English High Court in respect of SAS Rover France was held by the French Commercial Court to be a valid appointment pursuant to the EC Regulation Insolvency Proceedings (1346/2000) ("Regulation"). Notwithstanding the very robust and commercially...
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