Ad hoc mandates "mandat ad hoc" for expediating discussions with creditors in France | By Christopher Boinet and Anne Epinat
The French ad hoc mandate is a confidential procedure for the out-of-court settlement of disputes Its aim is to remedy a company’s financial situation before it is declared insolvent. The merits of ad hoc mandates , subject to the article L 611-3 of the French Commercial Code , are well established since these legal mechanisms have proved their worth in preventing and dealing with business difficulties.
Source: hospitalitynet.org
