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Senior management responsibility in banks

Regulators have made clear their view that responsibility for the culture of a bank sits at the top; if senior management create the right culture, good regulatory practice and procedures will naturally follow. Following the financial crisis banks’ s ...

Resource Article - twallace@abiwor... - 11/08/2017 - 09:02 - 0 comments - 0 attachments

The French insolvency regime moves forward

In the last few months, a set of new measures has been implemented in order to improve the efficiency of the commercial justice in France. These measures cover the substantive insolvency law as well as the institutional framework. New measures re ...

Resource Article - twallace@abiwor... - 10/26/2017 - 13:52 - 0 comments - 1 attachment

Creditors Accept Restructuring Plan for Oil Services Group CGG

The creditors of debt-ridden oil services group CGG have accepted CGG’s chapter 11 bankruptcy plan, CGG said on Monday, in what could form one of the biggest restructurings that France has seen in recent years, Reuters reported. CGG has debt in excess of ...

Daily Headline - global.abi.org - 10/02/2017 - 19:01 - 0 comments

A Major Reform Of French Labor Code To Come Into Force

During his presidential campaign, Emmanuel Macron made labor law reform one of his major focuses as part of his first work as President, with the priority being simplification and flexibility, in particular by untightening certain rules governing the lab ...

Resource Article - twallace@abiwor... - 09/28/2017 - 08:26 - 0 comments - 1 attachment

European Data Protection Conference

Our 5th annual European Data Protection Conference will take place on Tuesday 3 October in London, Wednesday 4 October in Paris, Thursday 5 October in Frankfurt and Tuesday 10 October in Amsterdam. The half day sessions will run from 08:30 for registra ...

Resource Article - twallace@abiwor... - 08/30/2017 - 12:55 - 0 comments - 0 attachments

France Will Nationalise Disputed Shipyard in Standoff with Italy

The French government has decided to nationalise the STX France shipyard in an ownership standoff with Italy, Le Monde newspaper reported on Thursday. The Economy Ministry would not comment on the report when asked by Reuters, but said it would hold a ne ...

Daily Headline - global.abi.org - 07/27/2017 - 22:23 - 0 comments

Peugeot, French Government Resolve Supplier Bailout Dispute

PSA Group said on Wednesday it had reached agreement with the French government over the carmaker's contribution to a rescue plan for struggling supplier GM&S, defusing their public stand-off ahead of a key bankruptcy hearing, Reuters reported. ...

Daily Headline - global.abi.org - 07/19/2017 - 22:03 - 0 comments

Peugeot in French Stand-Off Over Bailout Demands for GM&S

French carmaker PSA Group is resisting government demands that it raise a bailout offer to struggling supplier GM&S, ahead of a Wednesday bankruptcy hearing that may decide its fate, Reuters reported. The threat to GM&S and its 277 jobs is in the ...

Daily Headline - global.abi.org - 07/18/2017 - 21:17 - 0 comments

French insolvency statistics: Fluctuat nec mergitur?

The 2017 Dun & Bradstreet Global Bankruptcy Report shows that bankruptcy rates have declined in 16 out of 23 European countries while Economic growth is slowing. The UK is the only major European economy to record increasing bankruptcy rates in 2016 ...

Resource Article - twallace@abiwor... - 06/30/2017 - 08:52 - 0 comments - 1 attachment

French Discount Store Tati to be Bought by Rival Gifi

Tati, the iconic cut-price shop whose historic store stands near Paris's Sacre Coeur monument, is to be sold to domestic rival Gifi, said a lawyer involved in Tati's restructuring process, Reuters reported. Thomas Hollande, the son of former Fr ...

Daily Headline - global.abi.org - 06/26/2017 - 20:59 - 0 comments

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