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Important changes to French Insolvency Legislation

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Mellor Adrian
Adrian Mellor

Partner

Paris

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Julien Roux

Partner

Paris

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01 March 2014

Article 2 of Law no. 2014-1 of 2 January 2014 enabled the French government to simplify and secure the legislation relating to companies in difficulty.
 

Following consultation with practitioners, the French government issued an Ordonnance (the Order) on 12 March 2014 which was published in the Official Journal on Friday 14 March. The Order takes effect on 1 July 2014 and will apply to pre-insolvency and insolvency proceedings opened after that date; it will not apply to any such proceedings which are in progress on that date.

 

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