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French Court of Appeals confirms Heart of la Defense's right to seek and obtain creditor protection in France under safeguard proceedings

  • Gibson Dunn & Crutcher LLP
  • -
  • France
  • -
  • February 1 2012

On January 19, 2012, the Versailles' Court of Appeals confirmed that CMBS borrower, Heart of la Défense SAS (Hold), and its Luxembourg parent company, Dame Luxembourg Sarl (Dame), were entitled to Court protection in France under Safeguard Proceedings (sauvegarde