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Article L626-31-1 of the French Commercial code

The mission of the administrator responsible for the implementation of the plan does not end until payment of the last instalment provided for in the plan, if this is later than the instalment stipulated by the parties prior to the opening of the proceedings. As an exception to the provisions of Article L. 626-26, a substantial change in the objectives or means of the plan adopted by the court pursuant…

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Article L626-32 of the French Commercial code

I.-Where the plan is not approved in accordance with the provisions of article L. 626-30-2, it may be adopted by the court at the request of the debtor or the court-appointed administrator with the agreement of the debtor and be imposed on the classes that voted against the draft plan, where this plan meets the following conditions: 1° The plan complies with the conditions set out in the second to…

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Article L626-33 of the French Commercial code

I.-Where the challenge by an affected party, who has voted against the plan, relates to non-compliance with the condition provided for in 4° of Article L. 626-31 or with the fifth or tenth paragraph of Article L. 626-32, the value of the debtor’s business shall be determined in accordance with the procedures provided for by decree in the Conseil d’Etat. II.-The decision taken by the court pursuant to Article L….

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