France

 
Applicable Law

Enterprises
Commercial Code, Book VI, Law of enterprises in difficulty (Legislative Part)
Commercial Code, Book VI, Law of enterprises in difficulty (Regulatory Part)
Source: Legifrance

Please note that this legislation applies to any natural person exercising a commercial, artisanal, agricultural or an independent professional ac tivity, including a liberal profession subject to a legislative or regulatory status or whose title is protected, as well as to any legal person under private law.

Consumers
Proceedings dealing with the overindebtedness of individuals is exclusively governed by Articles L. 711-1 to L771-12 and R. 711-1 to R771-6 of the French Consumer Code.

English version
Commercial code as at 01 July 2013 (not updated)


Implementation of the Directive (EU) 2019/1023


Implementing texts
Ordinance of 15 September 2021
Decree of 23 September 2021

Additional resources
How France has implemented Directive (EU) 2019/1023 (as part of the Joint Project between INSOL Europe and LexisPSL on the implementation analysis of the Directive (EU) 2019/1023 in the EU Member States - as at 20/04/2022)


 

Latest News

Waldorf: English Court Approves Second Restructuring Plan, Despite HMRC Opposition

The English High Court has sanctioned the second restructuring plan proposed by Waldorf Production UK Plc, despite strong opposition from HMRC. The plan enables Harbour Energy’s $205 million acquisition…

Spanish Steel Pipe Maker Tubos Reunidos Enters Insolvency After 134 Years

Tubos Reunidos, the historic Spanish steel pipe manufacturer founded in 1892, has filed for voluntary insolvency after 134 years in business, highlighting the mounting pressures facing Europe’s industrial…

E-Methanol Producer Liquid Wind Enters Bankruptcy Administration Sweden

Swedish e-fuel developer Liquid Wind AB has filed for bankruptcy, delivering a significant blow to the green shipping sector. The Gothenburg-based firm, which specialized in producing net carbon-neutral…

Allianz’s PIMCO, L&G Sued in Scrap Over €1.2 Billion Brussels Tower

Allianz’s PIMCO and Legal & General Group (L&G) face a high-stakes lawsuit in the English High Court over the future of Brussels' iconic €1.2 billion Finance Tower. The skyscraper’s ultimate owner,…

Find an event
Find an event
 
Year (YYYY) City Country