Call Us + 33 1 84 88 31 00

Chapter I: Commencement of proceedings.

Article L621-1 of the French Commercial code

The court shall rule on the opening of proceedings, after having heard or duly called in chambers the debtor and the person or persons designated by the social and economic committee. In addition, where the debtor exercises a liberal profession subject to a legislative or regulatory status or whose title is protected, the court shall rule after having heard or duly called, under the same conditions, the professional order or…

Read More »

Article L621-2 of the French Commercial code

The competent court is the commercial court if the debtor carries on a commercial or craft activity. The judicial court has jurisdiction in other cases. At the request of the administrator, the judicial representative, the debtor or the public prosecutor, the proceedings opened may be extended to one or more other persons in the event of confusion of their assets with those of the debtor or the fictitious nature of…

Read More »

Article L621-3 of the French Commercial code

The judgment opens an observation period of a maximum of six months, which may be renewed once, for a maximum of six months, by a specially reasoned decision at the request of the administrator, the debtor or the public prosecutor. In the case of a farm, the court may extend the duration of the observation period depending on the current crop year and the specific practices of the farm’s productions….

Read More »

Article L621-4 of the French Commercial code

In the opening judgment, the court appoints the official receiver whose duties are defined in article L. 621-9. It may, if necessary, appoint more than one. The president of the court, if he has dealt with the debtor in application of title I of this book, may not be appointed official receiver. It invites the social and economic committee to appoint a representative from among the employees of the company….

Read More »

Article L621-4-1 of the French Commercial code

The court shall appoint at least a second judicial administrator and a second judicial representative in the judgment opening proceedings against a debtor where the latter: 1° Has a number of secondary establishments located within the jurisdiction of a court where it is not registered at least equal to a threshold set by regulation; 2° Or owns or controls, within the meaning of Articles L. 233-1 or L. 233-3, at…

Read More »

Article L621-5 of the French Commercial code

No relative or ally, up to and including the fourth degree, of the debtor who is a natural person or of the directors, in the case of a legal person, may be appointed to one of the functions provided for in Article L. 621-4 except in cases where this provision prevents the appointment of an employee representative.

Read More »

Article L621-6 of the French Commercial code

The employee representative and the employees participating in his or her appointment must not have incurred any of the convictions provided for in Article L. 6 of the Electoral Code. The employee representative must be at least eighteen years old. Disputes relating to the appointment of the employees’ representative shall fall within the jurisdiction of the judicial court, which shall have final jurisdiction.

Read More »

Article L621-7 of the French Commercial code

The court may, either of its own motion or on the proposal of the official receiver or at the request of the public prosecutor, proceed with the replacement of the administrator, the expert or the official receiver or add one or more administrators or official receivers to those already appointed. The administrator, the official receiver or a creditor appointed as controller may ask the official receiver to refer the matter…

Read More »

Article L621-8 of the French Commercial code

The administrator and the mandataire judiciaire shall keep the juge-commissaire and the public prosecutor informed of the progress of the proceedings. The latter may at any time request communication of all acts or documents relating to the proceedings. The Public Prosecutor’s Office shall communicate to the official receiver at the latter’s request or of its own motion, notwithstanding any legislative provision to the contrary, all information in its possession that…

Read More »

Article L621-9 of the French Commercial code

The official receiver is responsible for ensuring that the proceedings are conducted expeditiously and that the interests involved are protected. When the appointment of a technician is necessary, only the official receiver may do so with a view to a mission that he determines, without prejudice to the court’s option under Article L. 621-4 to appoint one or more experts. The conditions for the remuneration of this technician are set…

Read More »

Contact a French lawyer now

Contact a French Business Lawyer

Our French business lawyers are here to help.
We offer a FREE evaluation of your case.
Call us at +33 (0) 1 84 88 31 00 or send us an email.

Useful links

You have a question in French Business Law?

Our French business lawyers are here to help.
We offer a FREE evaluation of your case.
Call +33 (0) 1 84 88 31 00 or send us an email.

All information exchanged through this website will be communicated to lawyers registered with a French Bar and will remain confidential.