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1 April 2009

The rights of secured creditors under The new insolvency legislation

Only three years following the Law n° 2005-845 dated July 26, 2005 relating to the safeguard of companies, Order 2008-1345 dated December 18, 2008 and its implementing decree dated February 12, 2009 once again reform French bankruptcy laws with regard to companies in difficulty. This reform became effective on February 15, 2009, and subject to […]

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1 January 2009

Law n° 2008-1258 on Labor Income dated December 3, 2008 Social Security Finance Act 2009 n° 2008-1330 dated December 17, 2008

There are traditionally significant labor law developments at the beginning of a calendar year. The Law on Labor Income presents a real interest for companies with respect to employee savings schemes and substantially amends the rules governing mandatory profit-sharing plans by definitively authorizing the immediate release of the sums earned under such plans. The Social […]

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1 November 2008

The corrective finance law No. 2008-1061 of October 16, 2008 to stimulate the economy: the plan to guarantee the interbank market and strenghten credit

The Corrective Finance Bill to stimulate the economy, presented by the prime minister during the Council of Ministers last October 13, was enacted on October 16, 2008 and published in the Official Journal of the French Republic on October 17, 2008. This new law aims at restoring confidence in the banking and financial system, and […]

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