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Banking & Finance

28 October 2022 | Sophia El Makhoukhi

The new single register of security interests over moveable property and other related transactions will be up and running on January 1, 2023

As of January 1, 2023, the formalities for the registration, change and cancellation of liens and pledges over intangible movable property will have to be carried out in a single register called the “register of security interests over moveable property and other related transactions”.

This register was created by Decree dated December 29, 2021, with the aim of simplifying the rules governing the publication of security interests over moveable property, which until now varied according to the type of security interest concerned.

A chapter dedicated to this register has been incorporated into the French Commercial Code by the aforementioned Decree, and provides a number of clarifications.

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20 March 2020 | Catherine Nommick

Covid-19: What measures to prevent business failures?

While French households are beginning to organize themselves, French companies are seeking to protect themselves against the devastating financial effects of Covid-19. Partial unemployment mechanism, deferment of the payment of social security contributions and taxes, temporary easing of the burdens on companies, injection of external liquidity, etc. A growing number of measures are being taken to protect and support companies during this highly critical period.

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30 August 2018 | Soulier Avocats

Preventing the enforcement of a first demand guarantee within a few weeks’ time: Story of a successful case

To prevent the abusive and imminent enforcement of a first demand guarantee, Soulier AARPI, represented by Mrs. Catherine Nommick, Ms. Flore Foyatier and Ms. Isabelle Cottin, obtained in less than a week an injunction from the President of the Commercial Court of Paris who ordered the bank to suspend the payment of the funds under […]

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30 October 2017 | Catherine Nommick

A new legal framework for debt financing

In the wake of the wave of modernization and transparency of the French economic life triggered by the so-called “Sapin II” Law, in particular as regards the financing of the economy, Ordinance n°2017-1432 of October 4, 2017 reshapes the legal framework for asset management and debt financing. The objective is to respond to businesses’ needs […]

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30 May 2017 | Catherine Nommick

A new status for Security Agents under French law

Ordinance n°2017-748 of May 4, 2017 adopted in furtherance of the so-called “Sapin II” Law on transparency, fight against corruption and modernization of the economy, adds a new element to the concept of Security Agent in the context of syndicated loans, thereby offering banks and other institutions an efficient and secure device comparable to what […]

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27 April 2017 | Catherine Nommick

Brexit: What future for MiFID II?

Countdown to Brexit started on March 29, 2017, date on which Theresa May officially notified the Chair of the European Council of the United Kingdom’s intention to leave the EU. This notification launches two years of tough negotiations at the end of which the United Kingdom and the European Union must agree on the terms […]

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