Available funds from the guarantee fund must be deposited with the Caisse des dépôts et consignations. They may be invested in bonds and other securities issued or guaranteed by a Member State of the European Community.
Professional indemnity insurance contracts must provide a minimum cover of 800,000 euros per claim per year for each insured person.
The guarantees that must be provided by an insolvency administrator not registered on the national list, appointed under the conditions provided for in the second paragraph of article L. 811-2 and the judicial representative not registered on the national list, appointed under the conditions provided for in the first paragraph of II or III of article L. 812-2, must be at least equivalent to those provided for in l’article R….
The chairman of the board of directors of the guarantee fund shall inform the public prosecutor at the court of appeal in whose jurisdiction the interested party has his professional domicile, the government commissioner at the registration and disciplinary committee, the coordinating magistrate mentioned in Article R. 811-40, as well as the President of the Conseil national, of any professional liability action brought against an administrator or a mandataire judiciaire.
The guarantee fund may take out group insurance contracts to provide supplementary pension and social security benefits for its members who wish to take out such contracts.
The remuneration of court-appointed administrators in respect of the mandates entrusted to them in civil matters is fixed on proof of the completion of their mission by the president of the court that appointed them. This decision may be appealed in accordance with the rules of articles 714 to 718 of the Code of Civil Procedure.
The president of the court which entrusts an assignment to a court-appointed administrator, in civil matters, may fix the amount of an advance on the remuneration of this professional.
The duration of the vocational training provided for in article L. 814-9 is twenty hours over the course of a calendar year or forty hours over the course of two consecutive years.
Continuing education covers legal, economic, financial, accounting, social and ethical issues. It is directly linked to the professional activity carried out.
The Conseil national des administrateurs judiciaires et mandataires judiciaires defines the general guidelines and the various subjects to which the training obligation relates. During the first two years of professional practice, the training includes at least ten hours relating to the ethics of judicial administrators and judicial representatives, the professional status and the management of an office.
Our French business lawyers are here to help.
We offer a FREE evaluation of your case.
Call us at +33 (0) 1 84 88 31 00 or send us an email.
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
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
Resources
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
Useful links
Our French business lawyers are here to help.
We offer a FREE evaluation of your case.
Call +33 (0) 1 84 88 31 00 or send us an email.
All information exchanged through this website will be communicated to lawyers registered with a French Bar and will remain confidential.
