[RESTRUCTURING] France has introduced a flexible and efficient security trustee for syndicated loans

Since 1 Octo­ber 2017, French law has been giv­ing mem­bers of bank­ing pools secu­ri­ty agents com­pa­ra­ble to the secu­ri­ty trustees of the Anglo-Sax­on sys­tem. The secu­ri­ty agent can now man­age all secu­ri­ties and guar­an­tees (per­son­al, real, French or for­eign). As a spe­cial fidu­cia­ry, he or she holds secu­ri­ties and acts with­out an addi­tion­al man­date to…