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Article L3262-4 of the French Labour Code

In the event of the issuer’s safeguard, receivership or compulsory liquidation proceedings, employees holding unused but still valid and exchangeable meal vouchers on the date of the declaratory judgement may, in priority to any other claim, whether preferential or not, be reimbursed immediately, from the funds deposited in the accounts opened in application of article L. 3262-2, the amount of the sums paid for the acquisition of these meal vouchers.

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Article L3262-5 of the French Labour Code

Vouchers which have not been presented for reimbursement by a restaurant or fruit and vegetable retailer before the end of the second month following the expiry of their period of use are definitively expired. Subject to deductions authorised by the decree provided for in article L. 3262-7, the equivalent value of expired vouchers is paid into the social and cultural activities budget of the companies from which the employees obtained…

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