Article L213-4-1 of the French Monetary and Financial Code
November 8, 2023
The issuer may not pledge any of its own negotiable debt securities.
The issuer may not pledge any of its own negotiable debt securities.
Bonds are negotiable securities which, in a single issue, confer the same debt rights for the same nominal value.
The issue of batch bonds must be authorised by law. Any issue made in breach of the provisions of this article shall be null and void. Without prejudice to liability claims against corporate officers, the public prosecutor and any interested party may bring an action for nullity.
Any act which interrupts the limitation period for interest in respect of one of the holders of bonds issued in France by any private or public body, commercial or civil company, whether French or foreign, benefits the other bondholders of the same loan. The same act also interrupts the limitation period for taxes and duties that may be due to the Treasury on the interest referred to in the first…
A final court decision in favour of one of the holders of bonds issued in France by any private or public body, or by any commercial or civil company, whether French or foreign, and concerning the joint rights of the bondholders, may be enforceable in favour of any bondholder who was not a party to the proceedings by an order of the president of the court in whose district the…
I. – Subject to the provisions of III, the contract for the issue of bonds whose nominal value on issue is at least equal to an amount set by decree of the Conseil d’Etat may provide that all or some of the legislative and regulatory provisions relating to the bondholders’ group, the representatives of the group and the general meetings of bondholders do not apply to them. In this case,…
The economic interest group may issue bonds under the conditions set out in Article L. 251-7 of the French Commercial Code.
Associations governed by the law of 1st July 1901 relating to the contract of association or by articles 21 to 79 of the local civil code applicable in the departments of Bas-Rhin, Haut-Rhin and Moselle may, when they have been carrying out, exclusively or otherwise, an effective economic activity for at least two years, issue bonds under the conditions set out in this sub-section. Bonds issued by associations are entered…
Contracts for the issue of the bonds referred to in article L. 213-8 may stipulate that they are redeemable only at the issuer’s initiative or at a maturity conditional on the accumulation, since the date of issue, of surpluses exceeding the nominal amount of the issue, net of any deficits accumulated during the same period. These bonds constitute last-ranking debt instruments, issued in registered form, and are only redeemable after…
Prior to issuing bonds, the association must: 1. be registered in the Trade and Companies Register in accordance with the terms and conditions laid down by decree; 2. Provide in its articles of association for the conditions under which the persons responsible for managing, representing and committing it in relation to third parties are to be appointed, and for the constitution of a collegiate body responsible for supervising the actions…
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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
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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