Article R228-70 of the French Commercial code
The provisions of articles R. 225-72 to R. 225-74 do not apply to bondholders’ meetings.
Home | French Legislation Articles | French Commercial code | Regulatory part | BOOK II: Commercial companies and economic interest groupings. | TITLE II: Provisions specific to various commercial companies. | Chapter VIII: Transferable securities issued by joint stock companies. | Section 5: Obligations. | Page 2
The provisions of articles R. 225-72 to R. 225-74 do not apply to bondholders’ meetings.
The right to attend bondholders’ meetings is evidenced by the registration of the bonds, on the day of the general meeting, either in the registered securities accounts held by the company, or in the bearer securities accounts held by an intermediary mentioned in article L. 211-3 of the Monetary and Financial Code, or, where applicable, in a shared electronic registration system pursuant to Regulation (EU) 2022/858 of the European Parliament…
Unless otherwise stipulated in the issue contract, the general meeting of bondholders shall be held at the registered office of the debtor company or at any other place in the same département. However, the general meeting of the bondholders only holding securities whose unit nominal value is at least equal to 100,000 euros or, for securities denominated in a currency other than the euro, whose unit nominal value is, on…
The provisions of articles R. 225-95, R. 225-101, R. 225-106 and R. 225-107 are applicable to bondholders’ meetings.
The general meeting of bondholders shall determine the place where, together with the attendance sheet, the proxies of the bondholders represented and the minutes shall be deposited. Copies or extracts of the minutes shall be certified by a representative of the general body or by the secretary of the meeting.
The provisions of article R. 225-79 are applicable to proxies given by bondholders to be represented at meetings.
In application of the provisions of the first paragraph of article L. 228-69, bondholders have the right, during the fifteen-day period preceding the general meeting of the group to which they belong, to take cognisance of or obtain a copy of the text of the resolutions that are proposed and the reports that are presented to the general meeting, either in person or by proxy, at the registered office of…
Any interested party has the right, at any time, to obtain from the debtor company, an indication of the number of bonds issued and the number of securities not yet redeemed.
In the case provided for in the second sentence of the first paragraph of Article L. 228-71, a ruling shall be made by order on a petition, not subject to appeal, of the president of the judicial court.
In the case provided for in Article L. 228-72, the decision of the board of directors, the management board or the legal representative of the company to overrule the refusal of approval by the general meeting of bondholders shall be brought to the attention of the bondholders in accordance with the procedures set out in the contract of issue. If the contract of issue does not provide for such procedures,…
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.
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
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
Resources
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
Useful links
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.