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Article L611-4 of the French Commercial code

A conciliation procedure is hereby instituted before the Commercial Court for the benefit of debtors engaged in a commercial or craft activity who are experiencing legal, economic or financial difficulties, whether proven or foreseeable, and who have not been in suspension of payments for more than forty-five days.

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Original in French 🇫🇷
Article L611-4

Il est institué, devant le tribunal de commerce, une procédure de conciliation dont peuvent bénéficier les débiteurs exerçant une activité commerciale ou artisanale qui éprouvent une difficulté juridique, économique ou financière, avérée ou prévisible, et ne se trouvent pas en cessation des paiements depuis plus de quarante-cinq jours.

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