The supervisory college shall transmit to the resolution college and, where appropriate, to the resolution authorities concerned, the group financial support agreements which it has authorised as well as any amendments subsequently authorised.
I. – For the application of Article L. 613-46-3, the clauses of the agreement referred to in I of this Article set the minimum and maximum time limits within which the Board of Directors, the Supervisory Board or any other body exercising equivalent supervisory functions must decide on the request for approval submitted to it. The minimum time limits may not be less than three days from the date of…
The notifications provided for in III of Article L. 613-46-4 shall be made no later than two days after the express approval referred to in 3° of I of Article L. 613-46-3 . The notification shall include the reasoned decision and the information that must be included in the clauses of the agreement referred to in II and III of Article R. 613-49. It shall certify compliance with the conditions…
I. – When it has ruled on an application for authorisation of a group financial support agreement pursuant to I of Article L. 613-46-1, the supervisory board shall notify the parent undertaking of its reasoned decision within four months of receipt of the application. If the Supervisory Board remains silent at the end of this period, this shall constitute authorisation. II. – When the supervisory board alone adopts a decision…
The supervisory board shall forward as soon as possible to the resolution college and the resolution authorities concerned the financial agreements that it has authorised pursuant to Articles L. 613-46-1 and L. 613-46-2.
I. – The parties to a group financial support agreement shall publish annually on their website a general description of the agreement and of the participating group entities pursuant to III of Article L. 613-46-3. II. – By way of derogation from I, and in cases where the parent undertaking is a party to the group financial support agreement, the publication of the general description of the agreement and the…
For the application of X of Article L. 613-47, the provisional valuation provided for by this article includes the amount of losses that can reasonably be expected to be realised in the period between the date of the provisional valuation and the end of the resolution procedure. In order to carry out this provisional valuation, the College of Resolution shall in particular take into account the following elements: 1° The…
For the purposes of Article L. 613-47, the estimate of the losses that the holders of equity securities or other forms of ownership and the creditors of the person subject to a resolution procedure would have suffered in the context of a compulsory liquidation procedure shall take into account the realisable value of the assets on the date on which the decision was taken to subject this person to one…
For the application of II of Article L. 613-52-6, the contributions and assets of the person subject to resolution proceedings that have not been acquired for the benefit of the Fonds de garantie des dépôts et de résolution are transferred to the acquirer to the extent of the activities concerned.
For the purposes of Article L. 613-50-6, the resolution college may present to potential acquirers the terms and timetable for the transfer of securities implemented under the procedure provided for in I of that article. It shall ensure that all potential acquirers that have informed it of their interest have the same level of information about the transaction.
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.
