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A story of stock, security and simplicity sacrificed under French law
- Reed Smith LLP
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- France
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- April 25 2013
In matters of security over personal property, France for a long time had a complex system of general and particular regimes. It had been hoped that
Petroplus group enters insolvency proceedings
- Reed Smith LLP
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- Belgium, France, Germany, Switzerland, United Kingdom
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- January 31 2012
Petroplus, the largest independent refiner and wholesaler of petroleum products in Europe entered into various insolvency proceedings in Switzerland, England and Wales, France, Germany and Belgium on 24-27 January 2012 after the group failed to reach agreement with its creditors to extend the deadline of its loan repayments
The new fast-track restructuring procedure in French insolvency law: the ‘accelerated financial safeguard procedure’
- Reed Smith LLP
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- France
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- June 15 2011
Inspired by the American “prepackaged restructuring plan,” the French authorities have yet again decided to reform French insolvency law, with the creation of an “accelerated financial safeguard procedure” (procédure de Sauvegarde Financière Accélérée
Your debtor has assets in France? - You can secure the payment of your claim and facilitate the enforcement of a court decision
- Reed Smith LLP
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- France
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- August 26 2010
When it comes to securing enforcement, it is worth thinking outside the box, and looking at what can be done overseas: the French procedure code offers to litigants the ability to obtain the Court's authorization to perform conservatory measures which freeze your debtor's assets, by way of security, for the ultimate enforcement and performance of judgments made in substantive proceedings
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