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Article L811-11 of the French Commercial code

Administrators in bankruptcy are placed under the supervision of the public prosecutor. In the course of their professional activity, they are subject to inspections entrusted to the public authorities, on the occasion of which they are required to provide any useful information or documents without being able to oppose professional secrecy. The organisation and procedures of these inspections are determined by decree in the Conseil d’Etat. As part of the…

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Article L811-11-1 of the French Commercial code

Court-appointed administrators are required to appoint a statutory auditor who is responsible for auditing their special accounts and, in this capacity, carries out a permanent task of auditing all funds, bills, securities and other assets belonging to third parties, of which the court-appointed administrators are the sole holders by virtue of a mandate received in the performance of their duties. This control also covers bank or postal accounts opened for…

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Article L811-11-2 of the French Commercial code

Statutory auditors shall inform the authorities entrusted with the supervision, inspection and control of court-appointed administrators of the results of their assignment and report any anomalies or irregularities of which they become aware during the performance of their assignment, in accordance with the conditions laid down by decree of the Conseil d’Etat.

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Article L811-11-3 of the French Commercial code

The auditor of a debtor subject to safeguard, receivership or compulsory liquidation proceedings may not invoke professional secrecy in response to requests from the auditor of the court-appointed administrator for disclosure of any information or documents relating to the operation, as from the appointment of the administrator, of bank or postal accounts opened in the name of the debtor.

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Article L811-12 A of the French Commercial code

Any contravention of laws and regulations, any breach of professional rules, any breach of probity or honour, even relating to acts committed outside the course of professional practice, exposes the judicial administrator who is the perpetrator to disciplinary proceedings.

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Article L811-12 of the French Commercial code

Disciplinary proceedings are initiated by the Minister of Justice, the Public Prosecutor at the Court of Appeal within whose jurisdiction the acts were committed, the public prosecutor appointed for inspections of judicial administrators for acts committed by administrators whose professional domicile is within the jurisdiction of the Courts of Appeal for which he is responsible, the Government Commissioner or the President of the National Council of Judicial Administrators and Judicial…

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Article L811-13 of the French Commercial code

A judicial administrator who is the subject of criminal or disciplinary proceedings may be provisionally suspended from performing his duties by the judicial court of the place where he is established. In urgent cases, provisional suspension may be ordered even before criminal or disciplinary proceedings have been instituted if inspections or checks have revealed risks to the sums received by the judicial administrator by virtue of his duties. The court…

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Article L811-14 of the French Commercial code

Disciplinary action shall be barred after ten years from the commission of the acts or, where the acts relate to professional practice, from the completion of the assignment on the occasion of which they were committed. If the judicial administrator is the perpetrator of acts that have given rise to a criminal conviction, the action shall be barred after two years from the date on which the conviction became final.

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Article L811-15 of the French Commercial code

A court-appointed administrator who is banned, struck off or suspended must refrain from any professional act. Acts performed in disregard of this prohibition may be declared null and void, at the request of any interested party or the public prosecutor, by the court ruling in chambers. The decision is enforceable against any person. Any breach of the foregoing provisions is punishable by the penalties incurred for the offence of usurpation…

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Article L811-15-1 of the French Commercial code

In the event of provisional suspension, prohibition or striking off, one or more provisional administrators, appointed and remunerated under conditions laid down by decree in the Conseil d’Etat, may alone carry out professional acts, continue the execution of current mandates or be appointed to carry out, for the duration of the provisional suspension, new mandates entrusted by the courts. Where the provisional administrator finds that the banned, struck off or…

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