[Restructuring, Insolvency] Harmonisation and creditor representation in France: A new opportunity for creditors?

Anja Droege Gagnier and Amélie Dorst discuss the proposed introduction of creditors’ committees in France and their positive impact on creditors’ rights.   The insufficient representation of creditors’ interests in France could now be corrected by the French legislator by introducing creditors’ general meetings and creditors’ committees into French insolvency law. Creditors’ committees would not…

[Restructuring, Insolvency] The French pre-pack proceedings challenged by the Directive Proposal of the European Parliament and of the Council, harmonising certain aspects of insolvency law: the difficulty of finding the balance between transparency and confidentiality

The French pre-pack proceedings challenged by the Directive Proposal of the European Parliament and of the Council, harmonising certain aspects of insolvency law: the difficulty of finding the balance between transparency and confidentiality   In France, pre-pack proceedings are considered as one of the key restructuring tools. The future transposition in French law of the…

[Energy] Retour sur l’article 90 de la loi EnR qui permet aux collectivités d’écarter les panneaux solaires asiatiques

Retour sur l’article 90 de la loi EnR qui permet aux collectivités d’écarter les panneaux solaires asiatiques   L’article 90 de la loi d’accélération des énergies renouvelables donne la possibilité aux de rejeter “des produits originaires de pays tiers avec lesquels l’Union européenne n’a pas conclu d’accord”. pv magazine France a interrogé Laurence Duriez et…

[Restructuring, Collective Proceedings] Eine neue Chance für Gläubiger?

Der Richtlinienvorschlag und die Gläubigervertretung in Frankreich   Der Vorschlag für eine Richtlinie des Europäischen Parlaments und des Rates zur Harmonisierung bestimmter Aspekte des Insolvenzrechts vom 7.12.2022, welcher auf Drängen der Finanzmärkte Gläubigerrechten mehr Achtung schenken soll, ist auch in Frankreich nicht unkommentiert geblieben.   Anja Droege Gagnier and Amélie Dorst   Source : EXIS|TENZ MAGAZIN,…

[ENERGY] Que change la loi d’accélération EnR pour l’accès au foncier ?

Que change la loi d’accélération EnR pour l’accès au foncier ?   La loi d’accélération de la production des énergies renouvelables pose le principe des zones d’accélération. Quelles sont les conséquences concrètes de ces zones sur le développement photovoltaïque et comment s’articulent-elles avec les réglementations existantes, dont le code de l’urbanisme.   Laurence Duriez  …

[RESTRUCTURING] Transposition in France of the Restructuring and Insolvency Directive: evolution or revolution for creditors and equity holders?

After the transposition of the Directive, French insolvency law, which was already on the right page with respect to pre-insolvency proceedings, now meets international standards. Following the Directive verbatim, French law introduced the creditors’ vote in classes, whereby creditors can be crammed down, including cross-class cram-down. Moreover, equity holders can be allocated to a class…

[COMMERCIAL TOWN PLANNING] Dark stores, city centres’ new business model

In the wake of the health crisis and new purchasing habits, “quick commerce”, i.e. the delivery of orders placed online within an extremely short time, has strongly developed in French main cities. This model requires dedicated storage and preparation facilities located in densely populated areas. These warehouses, known as “dark stores”, have notably been set…