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Reform of the law on distressed companies: executive order dated December 18th, 2008

March 2009 - Corporate & Commercial. Legal Developments by Bersay & Associés .

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Executive Order no. 2008/1345 dated December 18th, 2008, entered pursuant to the authorization given by the law on the modernization of the economy dated August 4th, 2008 (LME), completes the reform of the law on distressed companies initiated by the “rescue” law (loi de sauvegarde) of July 26th, 2005.

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