22.07.2024

Judicial reorganisation through transfer by court order (transfert par decision de justice)

The Law of 7 August 2023 on business preservation and modernising bankruptcy law introduces three new judicial reorganisation procedures. One of these proceedings allows a debtor, the public prosecutor, a creditor or any other person with an interest in acquiring all or part of the business to file for a judicial reorganisation proceeding in the form of a transfer by court order.