Debevoise & Plimpton Report: New French Bankruptcy Law Fosters Pre-Insolvency Restructuring

Debevoise & Plimpton has just released this client memo discussing a new French bankruptcy law implemented to facilitate pre-insolvency restructurings, an approach previously unknown in France.  The memo refers to a new French bankruptcy law (Ordonnance 2008-1345 of December 18, 2008, and implementing regulation décret 2009-160 of February 12, 2009) that came into force on February 15th of this year. Well worth reading if you have any portfolio firms in France!
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