[RESTRUCTURING] The Reform of Insolvency Proceedings in France: Revolution or Evolution?

By an order dated September 15, 2021, France finally transposed European Directive 2019/1023/EU [1] into national law and took this opportunity to reform other aspects of its collective proceedings. Driven by European law, France—known for its debtor-friendly system—had no choice but to readjust the influence of creditors in insolvency proceedings. But what will be the [...]