Article R7123-30 of the French Labour Code
The modelling agency is considered to be in default, within the meaning of article L. 7123-19, when, at the end of a period of fifteen days following receipt of a formal notice, it has not paid all or some of the debts listed in article R. 7123-20. The modelling agency is also considered to be in default if it is the subject of safeguard, receivership or compulsory liquidation proceedings. In…