French bankruptcy law becomes more creditor-friendly

The French government has recently published a new regulation (ordonnance n°2014-326 dated March 12, 2014) amending France’s bankruptcy law. Its aim is to facilitate further restructurings of French companies, in particular with respect to pre-insolvency consensual restructurings, and to give creditors a greater say in the restructuring process.

PRE-INSOLVENCY CONSENSUAL RESTRUCTURINGS

Filed under:
France, Insolvency & Restructuring, Debevoise & Plimpton, Bond (finance), Debtor, Holding company
Authors:
Pierre Clermontel , Antoine d'Ornano , Philippe Tengelmann , Peter Hockless , My Chi To , Pierre Maugüé
Location:
France
Firm:
Debevoise & Plimpton