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Chapter IV: Insolvency proceedings concerning members of a group of companies established in several Member States

Article L694-1 of the French Commercial code

For the purposes of implementing the stay of an asset realisation procedure referred to in b of paragraph 1 and paragraph 2 of Article 60 of the aforementioned Regulation (EU) 2015/848, the provisions of Article L. 692-4 shall apply. The insolvency practitioner appointed in insolvency proceedings opened by the court of another Member State may for that purpose lodge an appeal or third-party proceedings against the decision given by the…

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Article L694-2 of the French Commercial code

Under Article 71(1) of Regulation (EU) No 2015/848, persons entered on the list of judicial administrators or judicial representatives pursuant to Articles L. 811-2 and L. 812-2 or an insolvency practitioner from another Member State. The provisions of the last three paragraphs of Articles L. 811-2 and L. 812-2 shall apply to insolvency practitioners from other Member States.

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Article L694-3 of the French Commercial code

The court which has ordered the opening of the collective coordination proceedings shall decide on the coordinator’s request submitted in accordance with paragraph 6 of Article 72 of the Regulation and on the final statement drawn up pursuant to Article 77 of that Regulation. Article L. 663-1 shall not apply. The judgment on the final declaration may be appealed by any insolvency practitioner who has participated in the collective coordination…

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Article L694-4 of the French Commercial code

The judgments of the court ruling on the requests for suspension and lifting of the suspension of the insolvency proceedings submitted by the coordinator pursuant to e of 2 of Article 72 may be appealed by the debtor, the administrator, the judicial representative, the coordinator and the public prosecutor.

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Article L694-6 of the French Commercial code

The official receiver shall authorise the court-appointed agent to accept or refuse inclusion in a coordination procedure of the insolvency proceedings in which he is appointed, as well as to apply to participate voluntarily in the coordination procedure. The decision is not subject to appeal. The authorisation of the official receiver is also required to sign the mutual agreement provided for in Article 66(2) of the aforementioned Regulation (EU) 2015/848.

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Article L694-8 of the French Commercial code

The official receiver shall assess the grounds which, pursuant to Article 70(2) of the aforementioned Regulation (EU) No 2015/848, are brought to his attention by the judicial representative who does not follow the coordinator’s recommendations or the collective coordination programme.

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Article L694-9 of the French Commercial code

The official receiver shall rule by a non-appealable order on disagreements relating to the collective coordination procedure between the judicial administrator and the judicial representative appointed in the insolvency proceedings opened on national territory.

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