Vol 23 (2026) - Issue 3

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Main Criteria for Choosing and Commencing French Pre-insolvency Versus Insolvency Proceedings

Synopsis
Selecting the appropriate proceedings and understanding their ins and outs is essential to avoid making ill-advised choices that may have irreversible consequences. In response to frequently asked questions, the authors have sought to illustrate the criteria and main steps of the various proceedings in the form of a table, enabling readers to compare and assess their respective pros and cons and for foreign creditors and investors to consider their options and the right approach in these proceedings. The authors have also added a glossary of frequently used terms with their English translations to make this table an easy-to-use and practical tool.