Council of Ministers of 18 February 2015: ratification of an ordinance concerning collective proceedings
mar., 03 mars 2015 11:45:00 +0000
Ordinance N°2014-1088 of 26 September 2014 was ratified by the Attorney General during the Council of Ministers of 18 February, and completes Ordinance N°2014 -326 of 12 March 2014 relating to reform on the prevention of company difficulties and bankruptcy proceedings.
This Ordinance is aimed at strengthening the prevention of conflicts of interest, at improving the conditions for the implementation of innovations introduced by the reform of 12 March 2014, and increasing the efficiency of the new accelerated backup procedure by simplifying and lightening the conditions required for its opening.
These ordinances must allow a marked modernisation of French law on company difficulties.