France: Financial Restructuring

Guillaume Rudelle lawyer from our restructuring team is joined by his colleagues in Paris, Jean-Pascal Bus, partner in our real estate team and Philippe Hameau...

Employees are the core of a company's success. Neither its capital, its premises, its newest machinery, nor even its leadership would mean much without a great workforce to drive it forward.

Consulting the CSE is relevant to a wide range of situations, some of which require specific procedures to be implemented.

In this article, Anker Sorensen, a partner of the Financial Industry Group of the Paris office of Reed Smith LLP, practicing predominantly in the area of corporate and restructuring, shortly describes and comments the main changes which have been introduced by the "Macron law" in the insolvency/corporate restructuring area

A Managing Director of a French Société Anonyme has a statutory duty of loyalty towards the shareholders of such company.

On March 8, 2011, France's highest court, the Cour de cassation, 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).