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France

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Baker McKenzie has published the seventh edition of the Global Restructuring & Insolvency Guide. The Guide has been compiled by Baker McKenzie lawyers experienced in the practical aspects of restructuring and insolvency. It should provide you with a helpful reference tool to understand the numerous insolvency and restructuring regimes that may affect your business. It answers some key questions in light of the COVID-19 pandemic, such as, ‘Is state support for distressed businesses available?’ and…

The state of health emergency declared by the French law of 23 March 2020 to deal with the COVID-19 epidemic clearly affects the country’s companies. In order to support them in these exceptional circumstances, the government has temporarily adapted the procedures applicable to companies facing financial stress. 1. Crystallization of the state of cessation of payments on 12 March 2020 Order No. 2020-341 of 27 March 2020, adapting the rules relating to the difficulties of…