The Ordinance of 12 March 2014 and its Decree of 30 June 2014 have enacted a set of provisions aiming at the coordination of insolvency proceedings applicable to groups of companies facing financial difficulties (C. com, Articles L. 662-8 and R. 662-18 & seq.).
The Ordinance creates a new function through the coordinator for groups which are defined according to the companies law, depending on the ownership of a majority of shares and control (C. com, Article L. 233-3)
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