The reform of statutory rules relating to companies in financial difficulties

PROCEDURAL AND SOCIAL EFFECTS

Ministerial order n°2014-326 of the 12^th of March 2014
Ministerial order n°2014-1088 of the 26^th of September 2014
Law “Macron” n°2015-990 of the 6^th of August 2015
Law n°2016-1547 of the 18^th of November 2016

Prof. Dr. Jochen BauerreisPartnerInternational & German and French law

Viviane EbersoldAvocat

Statutory rules relating to companies in financial difficulties have been reformed several times in the past few years. First of all, the Ordonnance n°2014-326 of the 12^th of March 2014, which has been completed by the Ordonnance n°2014-1088 of the 26^th of September 2014, focused in particular on the reform of purely procedural aspects and on the legal status of the parties involved in insolvency proceedings. Furthermore, the Law “Macron” n°2015-990 of the 6^th of August 2015 changed legal provisions relating to the jurisdiction of commercial courts as well as social aspects of an insolvency proceeding. Finally, the law n°2016-1547 of the 18^th of November 2016 concerning the modernisation of the justice of the XXI century adapted certain statutory provisions relating to the treatment of companies in financial difficulties.

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