The guarantee provided for in a ter of 1° of article L. 432-2 may be granted to French supplier companies and to the beneficiaries provided for in a bis of the same article under the conditions provided for in articles R. 442-10-7 to R. 442-10-10.
The guarantee covers political, catastrophic and non-payment risks. The political risk is realised when the debtor has not paid his debt, or the performance of the contract has been interrupted, provided that the non-payment or the interruption of the contract is not due to the non-performance of the clauses and conditions of the contract by the beneficiary of the guarantee and results from one of the following causes: a) Civil…
The granting of the guarantee is subject to compliance by the purchasing French company with all of the following criteria: 1° It has, for at least one of the two financial years preceding the issue of the State guarantee, a minimum ratio of equity capital to financial commitments set at 13.33% or a minimum interest cover ratio, calculated on the basis of gross operating surplus, set at 1. It also…
The guarantee is subject to the following conditions: 1° It may only be granted on presentation of the financing plan for the acquisition of a civil vessel or spacecraft, for which the company mentioned in Article R. 442-10-8 certifies that it has received a foreign offer benefiting from public export support; 2° It may not cover more than 80% of the amounts owed to the beneficiaries of the guarantee or,…
A report evaluating the guarantees granted under a ter of 1° of article L. 432-2 is submitted each year to the Minister for the Economy by the body responsible for managing the scheme, with a view to ensuring the financial equilibrium of the guarantee scheme.
The guarantee provided for in a of 1° of article L. 432-2 may be granted to the beneficiaries mentioned in article L. 432-1 carrying out a transaction of strategic interest for the French economy abroad under the conditions provided for in articles R. 442-11-2 to R. 442-11-4 below.
The political, catastrophic and monetary risks covered under the guarantee referred to in article R. 442-11-1 are realised under the following conditions. The political risk arises when performance of the contract has been interrupted or the debtor has not paid his debt, provided that the non-payment is due to one of the following causes: a) Civil or foreign war, revolution, riot or other similar events outside France; b) Moratorium imposed…
I. – The granting of the guarantee, except when it is granted to a credit institution, finance company, insurance and reinsurance company, mutual insurance company and provident institution, under French or foreign law, or a body referred to in article L. 214-1 of the Monetary and Financial Code, is subject to compliance, by the French company taking part in the transaction concerned by this guarantee, with the following two conditions:…
The Minister for the Economy decides whether to grant the guarantee provided for in article R. 442-11-1, after consulting the Commission des garanties et du crédit au commerce extérieur, on the basis of at least one of the following criteria: 1° The transaction is carried out in a sector of activity relating to materials, products or services contributing to the proper functioning of installations or equipment essential to national security…
The members of the group referred to in article L. 442-1-1 are required to transfer to the group an identical share of the risk associated with each of their contracts benefiting from the aid provided for in the second paragraph of article L. 361-4 of the French Rural and Maritime Fishing Code. This share may represent a minimum of 65% and a maximum of 90% of the risk mentioned in…
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75001, Paris France
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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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