French restructuring – court enforced debt-for-equity swaps now possible: The Révolution continues!

Summary

A new law which came into force on 8 August 2015 now permits a French court to enforce debt-for-equity swaps. Where the debtor company is in judicial reorganisation proceedings (redressement judiciaire) and if certain conditions are met, the court can either:

Filed under:
France, Company & Commercial, Insolvency & Restructuring, Litigation, Freshfields Bruckhaus Deringer, Shareholder, Swap (finance)
Authors:
Emmanuel Ringeval , Alexandra Szekely , Emma Gateaud
Location:
France
Firm:
Freshfields Bruckhaus Deringer