Political risk arises when the investor’s property rights or those attaching thereto, or the special rights and advantages granted to him by the authorities of the country in which the investment was made, are infringed as a result of one of the following causes: civil or foreign war, revolution, riots or other similar events occurring in the country in which the investment was made, or an act or decision of…
The transfer risk arises when political events, economic difficulties or the legislation of the country in which the investment was made prevent or delay transfers corresponding to the repatriation of this investment.
Cover for political, catastrophic and foreign exchange risks inherent in import transactions covers losses that the importer may incur on sums that it proves it has paid for the strict performance of its contract.
The political risk is realised 1° When the goods cannot be dispatched or cannot leave the country of dispatch or do not reach the country of destination as a result of one of the following incidents occurring in the country of dispatch or in transit: a) Export ban imposed by the authorities of the country of dispatch; b) Capture, arrest, seizure, requisition, coercion, molestation or detention by a foreign government…
Catastrophic risk occurs when, as a result of a cataclysmic event, such as a cyclone, flood, tidal wave, earthquake or volcanic eruption, occurring in the country of dispatch or in transit, the goods cannot be dispatched, are destroyed or damaged or are subject to additional costs that are not recoverable from the seller.
The foreign exchange risk arises when the exchange rate of the foreign currency covered by the purchase contract is higher on the day the foreign currency is purchased than the rate on the basis of which the guarantee is granted. This risk can only be guaranteed if there is no other way of hedging it under equivalent conditions.
The guarantee provided for in a ter of 1° of article L. 432-2 may be granted to French supplier companies and to the beneficiaries provided for in a bis of the same article under the conditions provided for in articles R. 442-10-7 to R. 442-10-10.
The guarantee covers political, catastrophic and non-payment risks. The political risk is realised when the debtor has not paid his debt, or the performance of the contract has been interrupted, provided that the non-payment or the interruption of the contract is not due to the non-performance of the clauses and conditions of the contract by the beneficiary of the guarantee and results from one of the following causes: a) Civil…
The granting of the guarantee is subject to compliance by the purchasing French company with all of the following criteria: 1° It has, for at least one of the two financial years preceding the issue of the State guarantee, a minimum ratio of equity capital to financial commitments set at 13.33% or a minimum interest cover ratio, calculated on the basis of gross operating surplus, set at 1. It also…
The guarantee is subject to the following conditions: 1° It may only be granted on presentation of the financing plan for the acquisition of a civil vessel or spacecraft, for which the company mentioned in Article R. 442-10-8 certifies that it has received a foreign offer benefiting from public export support; 2° It may not cover more than 80% of the amounts owed to the beneficiaries of the guarantee or,…
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is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
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is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
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