Menu du jour – Restructuring and insolvency options in France: Something for everyone?
29 March 2022
New restructuring rules have been available to debtors since the start of October last year. The most significant reform is the availability of the new accelerated safeguard procedure, which is designed to offer a streamlined rescue mechanism, allowing debtors to restructure within 4 months and without the unanimous consent of all creditors. In this briefing we look beyond this reform to consider the full menu of options now available in France. In particular, we consider how the options impact on different stakeholders, including lenders, bondholders, and shareholders. We consider whether the range of options now calls for a different approach to restructurings and insolvencies and a change in strategy to maximise returns.
Clifford Chance
