RESTRUCTURING – LAW OF COMPANIES IN DIFFICULTY
Thanks to our cross-functional experience in large-scale cases, our approach is pragmatic in dealing with our clients’ major issues.
We have developed a very global approach to national and international cases, and we strive to reconcile their legal, financial, operational and social challenges, without limiting ourselves to a legal vision.
We assist companies in difficulty, their creditors, their shareholders and managers, and investors and buyers who wish to carry out a project to support or take over companies in difficulty, in order to provide them with additional legal expertise during the course of the procedures and in the management of the resulting litigation.
We work closely with our teams of experts in corporate and M&A law, financing and securities law, labor law, intellectual property law, real estate/commercial leases, competition law, public law and environmental law in order to offer our clients comprehensive support at all stages of their restructuring or reorganization operations.
Our expertise
CRISIS MANAGEMENT AND PREVENTION OF DIFFICULTIES
We design creative solutions to achieve success. Our lawyers assist companies in difficulty themselves or their partners in prevention procedures in their decision making. Familiar with crisis management, our lawyers operate in the following areas :
- Detection and analysis of the company’s economic and financial difficulties ;
- Identification of solutions adapted to its situation ;
- Implementation of preventive measures : moratoriums with public and private creditors, opening and follow-up of confidential ad hoc mandate and conciliation procedures, negotiation and drafting of memoranda of understanding with a view to ensuring the company’s sustainability.
INSOLVENCY PROCEEDINGS : SAFEGUARDING, RECOVERY AND JUDICIAL LIQUIDATION
Our solid expertise in judicial procedures allows us to optimize the use of these restructuring tools, to ensure the preservation of the interests of the parties involved, each in their own role, considering a value-preserving exit from the procedure. We advise in particular in the following areas :
- Assistance to companies in difficulty : Identification of the procedural solution, implementation and follow-up of the procedure.
- Assistance to co-contractors and creditors : enforceability and preservation of the rights of co-contractors and creditors in the insolvency proceedings, monitoring of the proceedings as a controller, negotiation of solutions at the end of the proceedings, etc.
DISTRESSED M&A
The takeover of a company in difficulty is not dealt with according to the same criteria as M&A in bonis. The procedural framework in which a transfer of a company in difficulty can take place imposes specific rules. Our transversal approach to cases and the skills of our Restructuring and M&A lawyers enable us to assist our clients in addressing these specific situations and the complex issues that arise therefrom.
- Assistance to buyers interested in acquiring companies in difficulty, branches of their activity or their isolated assets: Identification of assets and terms of purchase, formalization of the offer according to the procedure, assistance in dealings with the procedural bodies, the court or the official receiver...
CRISIS LITIGATION
Our lawyers assist their clients: companies, managers, shareholders and creditors in the management of their crisis situation, they assist them in particular in litigation involving :
- Liability of directors and shareholders (e.g.: settlement of debts, co-employment, liability ... ) ;
- Defense of the parties involved ;
- Assistance in the recovery of assets, claims or the realization of securities.
Evaluating France’s introduction of the classes of affected parties mechanism – Article by Laïd Estelle Laurent – RESTRUCTURING & INSOLVENCY GUIDE 2024 FRANCE, 9/07/2024
The system has proved to be effective in addressing companies with business difficulties, but areas of uncertainty remain, say Laïd Estelle Laurent, Jean Delapalme, and Claire Blondel of Jeantet. To find out more, click here.
Paris | RESTRUCTURING – LAW OF COMPANIES IN DIFFICULTY
Jeantet advised “K” Line in connection with the takeover of Airseas start-up’s business as part of a prepack sale
Paris, February 20, 2024 – Jeantet advised the shipping company KAWASAKI KISEN KAISHA LTD “K” Line (Tokyo, Japan), on the prepack sale takeover of Airseas’ business activity (Nantes, France), which develops a propulsion technology for freight transportation ships. On February 14, 2024, following negotiations under the conciliation procedure, the Nantes Commercial Court ruled in favor […]
Paris | RESTRUCTURING – LAW OF COMPANIES IN DIFFICULTY
Jeantet advises Apollo in the context of the signing of a definitive agreement to provide EUR 500 million quasi-equity financing to Air France-KLM’s engineering and maintenance (MRO) activities
Paris, July 17, 2023 – Jeantet has advised Apollo Global Management in the context of the signing of a definitive agreement for a EUR 500 million quasi-equity financing into an operating affiliate entity of Air France owning a pool of components dedicated to Air France’s engineering and maintenance (MRO) activities. Apollo Global Management and Air […]
Paris | CORPORATE – M&A – PRIVATE EQUITY | BANK-FINANCE-REGULATORY | RESTRUCTURING – LAW OF COMPANIES IN DIFFICULTY | TAX
Best Lawyers in France: 2024 Ranking
The firm is delighted with the ranking of 25 of its lawyers in the following categories: Jean-François Adelle Banking and Finance Law Bertrand Biette Insolvency and Reorganization Law Jacques-Henry de Bourmont Tax Law Thierry Brun Corporate Law Mergers and Acquisitions Law Yvon Dréano Corporate Law Mergers and Acquisitions Law Health Care Law Karl Hepp de […]
Paris | BANK-FINANCE-REGULATORY | LITIGATION – ARBITRATION – MEDIATION | COMPETITION AND ECONOMIC LAW | CORPORATE – M&A – PRIVATE EQUITY | ENERGY AND NATURAL RESOURCES LAW | TAX | REAL ESTATE | MERGERS & ACQUISITIONS | CAPITAL MARKETS AND STOCK EXCHANGE LAW | IP, TECH & DATA | PUBLIC LAW – PUBLIC CONTRACTS | RESTRUCTURING – LAW OF COMPANIES IN DIFFICULTY
A lawyer for corporate restructuring? – Le nouvel Economiste, 05/06/2023, Quote by Bertrand Biette
Expertise technique et soutien psychologique, deux composantes essentielles pour le dirigeant d’entreprise dans la tourmente. Le nombre d’entreprises en difficulté augmente en France. Preuve en est la vague de défaillance attendue pour cette année 2023. Revue en détail du rôle de l’avocat avec notre associé restructuring Bertrand Biette pour le Nouvel Economiste.
Paris | RESTRUCTURING – LAW OF COMPANIES IN DIFFICULTY
A multi-disciplinary excellence dedicated to listed companies in difficulty – Le Figaro Partner Restructuration, 12/10/2022
Derogating in certain respects from the rules of non-listed companies, the restructuring of listed companies requires the simultaneous orchestration of expertise in stock market law, restructuring and financing. Laïd Estelle Laurent and Bertrand Biette, partners specializing in restructuring, and Cyril Deniaud, partner specializing in stock exchange law, explain the principles governing the restructuring of listed […]
Paris | RESTRUCTURING – LAW OF COMPANIES IN DIFFICULTY | LISTED COMPANIES AND CAPITAL MARKETS LAW
Transposition of the European Insolvency Directive: A rebalancing between companies in difficulty and their creditors- La Jaune & La Rouge, October 2022
Laïd Estelle Laurent and Bertrand Biette, partners, review the legislative changes brought about by the transposition of the European Insolvency Directive into French law. In particular, they tell us more about the more important place given to creditors in the elaboration and negotiation of recovery and turnaround plans. Meeting.
Paris | RESTRUCTURING – LAW OF COMPANIES IN DIFFICULTY
Best Lawyers in France : Rankings 2023
The firm is pleased to have 20 of its lawyers ranked, including 1 new entry in the following categories : Jean-François Adelle Banking and Finance Law Bertrand Biette Insolvency and Reorganization Law Jacques-Henry de Bourmont Tax Law Thierry Brun Corporate Law Mergers and Acquisitions Law Yvon Dréano Corporate Law Mergers and Acquisitions Law Karl Hepp […]
Paris | BANK-FINANCE-REGULATORY | LITIGATION – ARBITRATION – MEDIATION | COMPETITION AND ECONOMIC LAW | CORPORATE – M&A – PRIVATE EQUITY | ENERGY AND NATURAL RESOURCES LAW | TAX | REAL ESTATE | MERGERS AND ACQUISITIONS | CAPITAL MARKETS AND STOCK EXCHANGE LAW | IP, TECH & DATA | PUBLIC LAW – PUBLIC CONTRACTS | RESTRUCTURING – LAW OF COMPANIES IN DIFFICULTY
Jeantet advises Apollo on its €500 million investment in Air France-KLM
Paris, July 19, 2022, Jeantet advises Apollo Global Management on the signing of a final agreement for a €500 million investment in a subsidiary of Air France-KLM. Apollo Global Management and Air France-KLM announced that they have entered into a final agreement relating to the issuance of perpetual super-subordinated notes, fully subscribed by Apollo Global […]
Paris | CORPORATE – M&A – PRIVATE EQUITY | BANK-FINANCE-REGULATORY | TAX | RESTRUCTURING – LAW OF COMPANIES IN DIFFICULTY
Jeantet advises Figeac Aéro in connection with its financial restructuring
Paris, April 6, 2022 – Jeantet advises Figeac Aéro (listed on the regulated market of Euronext Paris, compartment B), a reference partner of major aeronautical corporations, in its financial restructuring. As part of this financial restructuring conducted under the aegis of the French Government’s Interministerial Committee on Industrial Restructuring (CIRI), an agreement was reached between […]
Paris | LISTED COMPANIES AND CAPITAL MARKETS LAW | FINANCIAL, INDUSTRIAL AND SOCIAL RESTRUCTURING | BANKING AND FINANCE LAW
Enhanced secured creditors in france after cornerstone reform of security law and collective proceedings of september 15, 2021, october 2021
Ordinances n°2021-1192 and 2021-1193 of September 15, 2021, respectively reforming security law and amending Book VI of the French Commercial Code, implement mandates of the PACTE Law of May 22, 2019[1] to: modernize security law[2], improve the articulation of security law with collective proceedings law[3] and transpose the (EU) Directive 2019/1023 of June 20, 2019[4], known as […]
Paris | INSOLVENCY PROCEEDINGS | RESTRUCTURING – LAW OF COMPANIES IN DIFFICULTY | BANK-FINANCE-REGULATORY
End of public aid: how to minimise the impact on businesses? – Option Finance, 05/20/2021
The difficulties that businesses continue to face due to the economic fallout from the Covid-19 pandemic raise fears of a wave of bankruptcies with the gradual phasing out of state aid. The government has therefore taken new measures (deferral of repayment of EGPs, equity loans, etc.) which complement those already applied since the beginning of […]
Paris | RESTRUCTURING – LAW OF COMPANIES IN DIFFICULTY