France

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Belvedere Shows Risks as French Insolvency Law Falls Short

France is seeking to shorten restructuring disputes after more than 63,000 companies filed for insolvency last year, the most since 2009, according to data compiled by Altares SAS, a French information provider. Creditor advisers say the plans, which com ...

Daily Headline - global.abi.org - 04/02/2014 - 21:59 - 0 comments

France And Germany Squabble Over Who Pays For EU Banking Union

France and Germany are squabbling over who should foot the bill for Europe’s banking union, with Paris fearing its banks will pay the biggest share towards a €55bn rescue fund, the Financial Times reported. As the EU enters a potentially decisive wee ...

Daily Headline - global.abi.org - 03/17/2014 - 22:48 - 0 comments

France Seeks Insolvency Law Change to Help Rescue Companies

France is proposing to overhaul bankruptcy rules for the second time in four years to speed up restructuring procedures and give creditors greater powers, Bloomberg Businessweek reported. The measures make it simpler for companies to negotiate with lende ...

Daily Headline - global.abi.org - 03/12/2014 - 21:44 - 0 comments

RLPC-Vivarte Enters Debt Restructuring Talks

French retailer Vivarte has made a start to restructure its burdensome debt pile by entering a four-month conciliation process, the company announced in a statement on Monday, Reuters reported. A mandataire ad hoc was previously appointed to mediate talk ...

Daily Headline - global.abi.org - 03/10/2014 - 21:40 - 0 comments

French Steel Firm Ascometal Goes Into Administration

French steel maker Ascometal went into administration on Friday, putting at risk up to 2,000 jobs in a fresh headache for the Socialist government as it tries to bring down unemployment from record levels, Reuters reported. Ascometal, whose roots lie in ...

Daily Headline - global.abi.org - 03/09/2014 - 21:52 - 0 comments

Air France-KLM Seeks Makeover After Brush With Bankruptcy

Air France-KLM Group, Europe’s largest airline, is getting a makeover ranging from high-end seats to bigger entertainment screens as Chief Executive Officer Alexandre de Juniac attempts a turnaround from near bankruptcy, Bloomberg News reported. De Junia ...

Daily Headline - global.abi.org - 03/04/2014 - 23:05 - 0 comments

France Unemployment Hits Record

French unemployment was at a record high in January, adding to the woes of François Hollande, the president, in the run-up to municipal elections next month, the Financial Times reported. The number of jobseekers increased 0.3 per cent compared with December and swelled the ranks of the unemployed in the ...

Daily Headline - global.abi.org - 02/26/2014 - 22:14 - 0 comments

Soft weapons for top-level negotiations

Marie-Christine Vabre opened the Paris 2013 Congress with an interesting story of “How to be successful in a tricky field”, with advice that can be applied to all industries Attachment Size _soft_weapons_for_top-level_nego ...

Resource Article - twallace@abiwor... - 03/06/2014 - 15:22 - 0 comments - 1 attachment

France And Germany In Push For ‘Robin Hood’ Tax Deal

France and Germany have pledged to reach a deal on a European financial transaction tax by the end of May in a bid to give some impetus to efforts to find accord on the issue, the Financial Times reported. But the two governments have yet to bridge d ...

Daily Headline - global.abi.org - 02/19/2014 - 21:45 - 0 comments

Unions Reach Job-Saving Deal At French Courier Firm

Unions at France's second-biggest courier business have agreed a deal that saves 2,150 jobs but offers little solace to French President Francois Hollande's efforts to reduce unemployment, Reuters reported. Workers at Mory-Ducros had been locke ...

Daily Headline - global.abi.org - 01/30/2014 - 22:19 - 0 comments

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