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Can a French court override contracts in an insolvency?

Latest News Can a French court override contracts in an insolvency?

The commercial court considers that during the period running up to the filing for insolvency the management may have undertaken certain actions either in their own personal interests or for example to delay insolvency. Such actions may create preferential situations between creditors who should be treated on an equal footing. Transactions which occurred during this period are thus susceptible to be overturned by the court if they are not in the corporate interest of the debtor company.