{"id":5669,"date":"2020-12-10T16:22:41","date_gmt":"2020-12-10T15:22:41","guid":{"rendered":"https:\/\/www.hoche-avocats.com\/?p=5669"},"modified":"2020-12-10T16:28:32","modified_gmt":"2020-12-10T15:28:32","slug":"new-adjustments-for-companies-in-difficulty-until-december-31-2021","status":"publish","type":"post","link":"https:\/\/www.hoche-avocats.com\/en\/new-adjustments-for-companies-in-difficulty-until-december-31-2021\/","title":{"rendered":"New adjustments for companies in difficulty until December 31, 2021"},"content":{"rendered":"<p><strong>New adjustments for companies in difficulty until December 31, 2021<\/strong>: <strong>the duration of the exceptional adjustments to the law for companies in difficulty (initially scheduled to end on December 31, 2020 for some or July 17, 2021 for others) is extended until December 31, 2021<\/strong> to delay, if not avoid, a wave of insolvencies. This concerns in particular the adjustments to the statutory auditor&#8217;s alert procedure, conciliation, simplified judicial liquidation and r\u00e9tablissement professionnel, but also the removal of the thresholds for sauvegardes acc\u00e9l\u00e9r\u00e9es proceedings, the reduction of the time limits for consulting creditors on draft plans, the extension of the duration of the plans and, finally, &#8220;post-money&#8221; privileges in sauvegarde and redressement judiciaire.<br \/>\nLaw for the acceleration and simplification of public action (No. <a href=\"https:\/\/www.legifrance.gouv.fr\/eli\/loi\/2020\/12\/7\/ECOX1935404L\/jo\/texte\" target=\"_blank\" rel=\"noopener noreferrer\">2020-1525<\/a>), which was published in the Official Journal on December 8, 2020 (Articles 124 and 131); two Minist\u00e9rial Ordinances of March 27, 2020 (No. <a href=\"https:\/\/www.legifrance.gouv.fr\/eli\/ordonnance\/2020\/3\/27\/JUSX2008202R\/jo\/texte\" target=\"_blank\" rel=\"noopener noreferrer\">2020-341<\/a>) and May 20, 2020 (No. <a href=\"https:\/\/www.legifrance.gouv.fr\/eli\/ordonnance\/2020\/5\/20\/JUSC2011603R\/jo\/texte\" target=\"_blank\" rel=\"noopener noreferrer\">2020-596<\/a>).<\/p>\n<p>&nbsp;<\/p>\n<p>Commercial Department &#8211; 10 December 2020<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New adjustments for companies in difficulty until December 31, 2021: the duration of the exceptional adjustments to the law for companies in difficulty (initially scheduled to end on December 31, 2020 for some or July 17, 2021 for others) is extended until December 31, 2021 to delay, if not avoid, a wave of insolvencies. This [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[29],"tags":[],"class_list":["post-5669","post","type-post","status-publish","format-standard","hentry","category-publications-en"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>New adjustments for companies in difficulty until December 31, 2021 - Hoche Avocats<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.hoche-avocats.com\/en\/new-adjustments-for-companies-in-difficulty-until-december-31-2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New adjustments for companies in difficulty until December 31, 2021 - Hoche Avocats\" \/>\n<meta property=\"og:description\" content=\"New adjustments for companies in difficulty until December 31, 2021: the duration of the exceptional adjustments to the law for companies in difficulty (initially scheduled to end on December 31, 2020 for some or July 17, 2021 for others) is extended until December 31, 2021 to delay, if not avoid, a wave of insolvencies. 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