On 13 December 2024, EU member states agreed on a ‘partial’ general approach to the harmonisation of insolvency law.
European Union, Insolvency & Restructuring, Freshfields, Insolvency, European Commission, European Parliament
The French conciliation procedure, introduced in 2005, has become such a key procedure in France that it cannot be ignored. For any restructuring involving France (whether partially or wholly), the possibility of a conciliation procedure has to be seriously considered.
Concept of conciliation procedure