In this article, Anker Sorensen, a senior partner of the Financial Industry Group of Reed Smith in Paris, practicing predominantly in the area of Corporate and Restructuring, discusses two recent decisions rendered by the Commercial chamber of the French Supreme Court.

In this article, Anker Sorensen, a partner of the Financial Industry Group of the Paris office of Reed Smith LLP, practicing predominantly in the area of corporate and restructuring, shortly describes and comments the main changes which have been introduced by the "Macron law" in the insolvency/corporate restructuring area

In 2025, nearly 68,000 French companies entered insolvency proceedings, a level not seen in over 30 years.

Starting on October 1st , 2016 the French law on receivable acquisition has changed to become simpler.

The effect of Hanjin's Korean rehabilitation proceedings in France has been rather limited.

Substantial reforms to Regulation (EC) 1346/2000 on insolvency proceedings were made under Regulation (EU) 2015/848 of 20 May 2015 on insolvency proceedings (recast) (the "Recast Insolvency Regulation").

If an employer finds itself in financial difficulties that involve liquidation or restructuring, employee entitlements could be at risk. Compulsory insurance schemes in some jurisdictions...

En cette période de crise sanitaire, de quelles alternatives aux plans de sauvegarde de l'emploi, les entreprises en difficulté disposent-elles pour se restructurer ?...

When a client declares bankruptcy after receiving most of your work but before final payment, copyright law offers a powerful legal strategy. Understanding the indivisibility of copyright transfer agreements can be the key to recovering your money when a €100,000 contract goes unpaid.

The European regulation of 20 May 2015 on insolvency proceedings (the "Insolvency Regulation") came into force a year ago, significantly modifying European insolvency law.

When a client declares bankruptcy before completing payment on a substantial contract, creators and rights holders face a critical challenge. This analysis explores a powerful legal mechanism within copyright assignment contracts that can protect your financial interests when a client's insolvency threatens your final payment.

On March 16th, 2020, the French President announced, during a public conference, that a "State guarantee of 300 billion euros" program to secure loans granted...

On August 6, 2015, France adopted legislation named after the French Minister of Economy, Emmanuel Macron ("Macron Law"), that is designed to promote economic growth, activity, and equal opportunity.

On 13 January 2021, the court of appeal of Toulouse rendered a very interesting decision ruling upon the outcome of the insolvency proceedings of BVA, a well-known research and consulting firm.

After the "Dutch scheme"1 and the "German scheme"2 entered into force at the beginning of 2021, France has now published its much-anticipated transposition of the European directive of 20 June 2019...

In December 2023, an insolvency court in France received a "preliminary question of constitutionality" regarding the constitutionality of the rules protecting master agreements for derivatives and transactions involving financial instruments.

On March 8, 2011, France's highest court, the Cour de cassation, confirmed that CMBS borrower, Heart of la Défense SAS (Hold), and its Luxembourg parent company, Dame Luxembourg Sarl (Dame), were entitled to Court protection in France under Safeguard Proceedings (sauvegarde).

The French Supreme Court has ruled that arbitration proceedings involving a French company will be suspended if that company becomes subject to insolvency proceedings.

On 15 september 2021, a major reform of French insolvency law was enacted, mainly to implement the European Restructuring Directive.

A borrower who, without having the right to do so, would not pay a credit instalment due between 12 March 2020 and one month after the end of the state of health emergency...