Insolvency and bankruptcy

30 January 2017 | Catherine Nommick

How should credit reserves be taken into account in determining the state of cessation of payments of a company?

In a decision dated November 29, 2016, the Commercial Chamber of the Cour de Cassation (French Supreme Court) further specified the conditions for the implementation of Article L.631-1§1 of the French Commercial Code that addresses the rules according to which credit reserves or moratoria granted to a debtor company should be taken into account in […]

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