Taking over a distressed French business in the courts is a known (1985) and specific technique that has many advantages. This is known as a transfer of assets plan (“plan
Non-performing loans: in order to increase the effectiveness of bank securities in the event of outstanding debts
The European Commission is considering creating a new tool, the “Accelerated Loan Security” The European Central Bank defines non-performing loans (NPLs) as loans with more than 90 days’ arrears or
The national data protection authority (CNIL) has published its opinion on the draft bill amending the French data protection act for the implementation of the GDPR
On December 13, 2017, the French Minister of Justice presented to the Council of Ministers, the draft bill amending the French Data Protection Act. The French Government plans to publish
Declaration of Beneficial Ownership: Don’t miss the April 1st, 2018 deadline
In the context of the implementation of the European Directive 2015/849 of 20 May 2015 on money laundering, the Executive Order 2016-1635 of 1 December 2016 reinforcing the fight against
The “Sapin II” law brings important modifications in commercial law
The “Sapin II” law, dated December 9, 2016, modified two important provisions of the French Commercial Code relating to commercial relationships. Prior to the implementation of the “Sapin II” law,
Extension and diversification of the scope of activities of crowdfunding platforms
The second reform of crowdfunding was enacted by the decree of October 28, 2016, implementing new measures to foster the development of securities and loans proposed by crowdfunding platforms. Since
A Guide to Pre-Insolvency and Insolvency Proceedings across Europe
This guide is being published in the context of recent transformations in insolvency law in Europe, marked by two major anticipated events. The first event is the application, as of
Growth and Jobs in Europe: the European Commission Wagers on a Targeted Harmonization of the 28 National Insolvency Laws
On 22 November 2016, the European Commission presented a proposal for a directive harmonizing the national insolvency laws of the 28 Member States. This ambitious harmonization initiative was born in
2016 Contracts Law Reform: Brief Overview on the Major Modifications
Since the coming into force of the 2016 French Civil Law reform (Ordinance of 10 February 2016), it might be of interest to have a clearer view of the main
The French Rules of “Collborative Platforms”
The new standards entered into force since July 1st, 2016 The “collaborative” economy via an Internet platform, provides for many individuals additional income which for some of them can be