E-newsletter  -  October 2010

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Insolvency & Bankruptcy
Creation of the accelerated financial safeguard procedure

French insolvency and bankruptcy laws keep on being reformed. As such, the safeguard procedure, introduced by the Law n° 2005-845 of July 26, 2005 and reformed by Ordinance n° 2008-1345 of December 18, 2008, has once again been recently amended by the legislator to favor a “swift” financial restructuring of companies in difficulty.
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Corporate Law
The serial story on delegations of powers within french sociétés par actions simplifilées

Nowadays, managing a business requires so many particular and complex skills and competences that no one would challenge the necessity to authorize a corporate manager to delegate part of his powers and authority to officers vested with specific responsibilities.
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