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Article L643-13 of the French Commercial code

November 7, 2023

If the judicial liquidation is closed due to insufficient assets and it appears that assets have not been realised or that actions in the interest of creditors have not been taken during the course of the proceedings, the proceedings may be resumed. The matter is referred to the court by the previously appointed liquidator, by the public prosecutor or by any interested creditor. If the matter is referred to it…

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Article L644-1-1 of the French Commercial code

November 7, 2023

When the liquidator carries out the inventory pursuant to article L. 641-2 and if the value of the assets justifies it, the official receiver shall appoint, for the purpose of carrying out the valuation of the assets, one of the persons mentioned in the last paragraph of II of Article L. 641-1.

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Article L644-2 of the French Commercial code

November 7, 2023

As an exception to the provisions of Article L. 642-19, where the simplified procedure is decided pursuant to Article L. 641-2, the liquidator shall sell the movable assets by mutual agreement or at public auction within four months of the decision ordering the simplified procedure. At the end of this period, the remaining assets shall be sold at public auction.

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Article L644-4 of the French Commercial code

November 7, 2023

At the end of the procedure for verification and admission of claims as provided for in Article L. 644-3 and the realisation of assets, the liquidator shall include his proposals for distribution on the statement of claims. He shall assess the amount of the legal costs mentioned in 3° of I of Article L. 643-8 that are foreseeable. This completed statement is filed with the registry and published. However, if…

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Article L644-5 of the French Commercial code

November 7, 2023

The court shall pronounce the closure of the judicial liquidation at the latest within six months of the decision ordering or deciding on the application of the simplified procedure, with the debtor heard or duly summoned. This period is extended to one year when the number of the debtor’s employees and its turnover excluding tax exceed thresholds set by decree. The court may, by a specially reasoned ruling, extend the…

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Article L645-1 of the French Commercial code

November 7, 2023

A professional recovery procedure without liquidation is instituted, open to any debtor, natural person, mentioned in the first paragraph of article L. 640-2, is in suspension of payments and whose recovery is clearly impossible, has not ceased trading for more than one year, has not employed any employees over the last six months and whose declared assets are worth less than an amount set by decree by the Conseil d’Etat….

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Article L645-2 of the French Commercial code

November 7, 2023

The recovery procedure may not be opened in respect of a debtor who, for less than five years, has been the subject, in respect of any of his assets, of a judicial liquidation procedure closed for insufficient assets or of a decision to close a professional recovery procedure. The recovery procedure may not be opened in respect of a debtor who, for less than five years, has been the subject,…

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  • Afghanistan (‫افغانستان‬‎)+93
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  • Algeria (‫الجزائر‬‎)+213
  • American Samoa+1
  • Andorra+376
  • Angola+244
  • Anguilla+1
  • Antigua and Barbuda+1
  • Argentina+54
  • Armenia (Հայաստան)+374
  • Aruba+297
  • Ascension Island+247
  • Australia+61
  • Austria (Österreich)+43
  • Azerbaijan (Azərbaycan)+994
  • Bahamas+1
  • Bahrain (‫البحرين‬‎)+973
  • Bangladesh (বাংলাদেশ)+880
  • Barbados+1
  • Belarus (Беларусь)+375
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  • Belize+501
  • Benin (Bénin)+229
  • Bermuda+1
  • Bhutan (འབྲུག)+975
  • Bolivia+591
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  • Botswana+267
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  • British Indian Ocean Territory+246
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  • Brunei+673
  • Bulgaria (България)+359
  • Burkina Faso+226
  • Burundi (Uburundi)+257
  • Cambodia (កម្ពុជា)+855
  • Cameroon (Cameroun)+237
  • Canada+1
  • Cape Verde (Kabu Verdi)+238
  • Caribbean Netherlands+599
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  • Central African Republic (République centrafricaine)+236
  • Chad (Tchad)+235
  • Chile+56
  • China (中国)+86
  • Christmas Island+61
  • Cocos (Keeling) Islands+61
  • Colombia+57
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  • Congo (DRC) (Jamhuri ya Kidemokrasia ya Kongo)+243
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  • Cook Islands+682
  • Costa Rica+506
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  • Mongolia (Монгол)+976
  • Montenegro (Crna Gora)+382
  • Montserrat+1
  • Morocco (‫المغرب‬‎)+212
  • Mozambique (Moçambique)+258
  • Myanmar (Burma) (မြန်မာ)+95
  • Namibia (Namibië)+264
  • Nauru+674
  • Nepal (नेपाल)+977
  • Netherlands (Nederland)+31
  • New Caledonia (Nouvelle-Calédonie)+687
  • New Zealand+64
  • Nicaragua+505
  • Niger (Nijar)+227
  • Nigeria+234
  • Niue+683
  • Norfolk Island+672
  • North Korea (조선 민주주의 인민 공화국)+850
  • Northern Mariana Islands+1
  • Norway (Norge)+47
  • Oman (‫عُمان‬‎)+968
  • Pakistan (‫پاکستان‬‎)+92
  • Palau+680
  • Palestine (‫فلسطين‬‎)+970
  • Panama (Panamá)+507
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  • Saint Martin (Saint-Martin (partie française))+590
  • Saint Pierre and Miquelon (Saint-Pierre-et-Miquelon)+508
  • Saint Vincent and the Grenadines+1
  • Samoa+685
  • San Marino+378
  • São Tomé and Príncipe (São Tomé e Príncipe)+239
  • Saudi Arabia (‫المملكة العربية السعودية‬‎)+966
  • Senegal (Sénégal)+221
  • Serbia (Србија)+381
  • Seychelles+248
  • Sierra Leone+232
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  • Slovenia (Slovenija)+386
  • Solomon Islands+677
  • Somalia (Soomaaliya)+252
  • South Africa+27
  • South Korea (대한민국)+82
  • South Sudan (‫جنوب السودان‬‎)+211
  • Spain (España)+34
  • Sri Lanka (ශ්‍රී ලංකාව)+94
  • Sudan (‫السودان‬‎)+249
  • Suriname+597
  • Svalbard and Jan Mayen+47
  • Sweden (Sverige)+46
  • Switzerland (Schweiz)+41
  • Syria (‫سوريا‬‎)+963
  • Taiwan (台灣)+886
  • Tajikistan+992
  • Tanzania+255
  • Thailand (ไทย)+66
  • Timor-Leste+670
  • Togo+228
  • Tokelau+690
  • Tonga+676
  • Trinidad and Tobago+1
  • Tunisia (‫تونس‬‎)+216
  • Turkey (Türkiye)+90
  • Turkmenistan+993
  • Turks and Caicos Islands+1
  • Tuvalu+688
  • U.S. Virgin Islands+1
  • Uganda+256
  • Ukraine (Україна)+380
  • United Arab Emirates (‫الإمارات العربية المتحدة‬‎)+971
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  • Uruguay+598
  • Uzbekistan (Oʻzbekiston)+998
  • Vanuatu+678
  • Vatican City (Città del Vaticano)+39
  • Venezuela+58
  • Vietnam (Việt Nam)+84
  • Wallis and Futuna (Wallis-et-Futuna)+681
  • Western Sahara (‫الصحراء الغربية‬‎)+212
  • Yemen (‫اليمن‬‎)+967
  • Zambia+260
  • Zimbabwe+263
  • Åland Islands+358

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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
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182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
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