Alex Le Ninivin has written for the Turnaround Management Association about a new wave of reforms in France aimed at adapting the law on companies in financial distress to the current financial crisis. The reform’s main objective is to reinforce and extend the measures for detecting companies in financial distress to enable them to restructure and avoid formal insolvency and to simplify the insolvency procedures in order to adapt them to the economic climate. The regulation is applicable to those procedures commenced after 1st July 2014 and affects mostly the French Commercial Code.
Click to read his article in TMA Newsletter.
