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Third-party funding of a company in a distressed situation or placed in insolvency proceedings in France.

Authors :
Szekely, Alexandra
Delamourd, ChloƩ
Source :
Insolvency & Restructuring International; Apr2022, Vol. 16 Issue 1, p56-59, 4p
Publication Year :
2022

Abstract

This article explores why third-party litigation financing or third-party funding (TPF) is well-suited for companies in difficulty or already placed in insolvency proceedings. It also explores the obstacles third-party funders face under French insolvency law as amended by Ordinance No 2021-1193 of 15 September 2021, and further to Ordinance No 2021-1192 of 15 September 2021, which reformed French law relating to security interests. [ABSTRACT FROM AUTHOR]

Details

Language :
English
ISSN :
19950241
Volume :
16
Issue :
1
Database :
Complementary Index
Journal :
Insolvency & Restructuring International
Publication Type :
Academic Journal
Accession number :
157116957