Article L313-15 of the French Monetary and Financial Code
November 8, 2023
In the event of amicable liquidation, compulsory liquidation or receivership by sale of the debtor company, the equity loans are repaid only after all other preferential or unsecured creditors have been paid in full. In the absence of contractual stipulations to the contrary requiring the overall agreement of all the holders of the participating loans, the latter are placed on the same rank for the purposes of the distributions to…
