French Insolvency Law

Mon, 06 Jul 2026 00:00:00 +0000

Overview of French Insolvency Law

French insolvency law is codified in Book VI of the Code de commerce (Articles L.610-1 through L.670-8), supplemented by the Code de procédure civile and the Code du travail. The regime was substantially reformed by Ordinance No. 2021-1193 of 15 September 2021, which transposed EU Directive 2019/1023 (the Preventive Restructuring Directive) and introduced the procédure de restructuration. French law is distinctive for its pronounced preventive orientation: the system provides a graduated continuum of procedures, from consensual out-of-court negotiation to formal judicial liquidation, designed to detect and address financial difficulty at the earliest possible stage.

insolvency and bankruptcy law on ExcellentWiki - Legal Encyclopedia

French Insolvency Law

Overview of French Insolvency Law