In the event of the debtor company being wound up by the court as a going concern, repayment of the equity loans and payment of the remuneration provided for are suspended for the duration of the execution of the safeguard or receivership plans.
Without prejudice to articles L. 314-1 to L. 314-9 and L. 341-48 to L. 341-51 of the French Consumer Code, the fixed interest on an equity loan may be increased under the conditions set out in the contract, in particular by means of a clause providing for a share in the borrower’s net profit or in the profit made by the borrower from the use of the assets whose acquisition…
The granting of equity loans by the State is subject to precise and dated industrial, commercial and financial commitments by the borrower. If the content or timetable of the undertakings are not complied with, repayment of the loan becomes due, except in the case provided for in article L. 313-16.
The fixed interest on the equity loan is increased, under the conditions set out in the contract, by a profit-sharing clause, in particular with regard to the borrower’s net profit. This participation is an expense for the financial year. The overall effective rate of interest paid by the borrower to the State may not be less than the average rate of interest paid on the current accounts of the borrower…
The amount of each equity loan granted by the State is made public each year.
On the occasion of any financial assistance that it intends to grant to a sole trader for the purposes of his business, a credit institution or finance company intending to request a security interest in an asset not required for the business or a personal surety granted by a natural person must inform the entrepreneur in writing of the possibility of proposing a guarantee over the assets required for the…
Companies selected to contribute to the creation of activities or the development of jobs within the framework of an agreement signed with the State in application of articles L. 1233-84 to L. 1233-89 of the Labour Code as well as companies approved by the Minister for the Economy are authorised to grant partial guarantees to credit institutions or finance companies granting loans for business development projects located in employment areas…
Credit institutions or finance companies which have provided a surety, endorsement or guarantee, whether of legal, regulatory or contractual origin, have recourse ipso jure and in all cases against the customer who gave the undertaking, his co-obligors and the persons who have stood surety and, for payments made under their undertaking, subrogation in the rights of the creditor as provided for in article 1346 of the Civil Code.
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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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