By judgment dated December 1, 2011, the Court of Appeals of Nîmes authored a new chapter of the “procedural” saga of BELVEDERE, a worldwide leader in wine and spirits. As counsel of one of the largest creditors of BELVEDERE, this is a case that we carefully monitor. The judgment of December 1 did not settle […]
French insolvency and bankruptcy laws keep on being reformed. As such, the safeguard procedure, introduced by the Law n° 2005-845 of July 26, 2005 and reformed by Ordinance n° 2008-1345 of December 18, 2008, has once again been recently amended by the legislator to favor a “swift” financial restructuring of companies in difficulty. On October […]
Only three years following the Law n° 2005-845 dated July 26, 2005 relating to the safeguard of companies, Order 2008-1345 dated December 18, 2008 and its implementing decree dated February 12, 2009 once again reform French bankruptcy laws with regard to companies in difficulty. This reform became effective on February 15, 2009, and subject to […]
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