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The takeover of a business by its managers again supervised

2020-12-17T17:05:04.925Z


The easing granted in May has sparked controversy and will not be extended into 2021. It is a provision that will have had a very short life. The public authorities have decided not to renew in 2021 the measure which facilitated the resumption at the helm of the commercial court of a company by its former manager or shareholder. From January 1, it will be a return to the normal regime where the commercial court can authorize such a practice, but only at the request of the prosecuto


It is a provision that will have had a very short life.

The public authorities have decided not to renew in 2021 the measure which facilitated the resumption at the helm of the commercial court of a company by its former manager or shareholder.

From January 1, it will be a return to the normal regime where the commercial court can authorize such a practice, but only at the request of the prosecutor who usually shows vigilance.

Gone, therefore, is the possibility, opened by the order of May 20, 2020, for the manager or the receiver, to make this request.

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From the outset, this easing was accompanied by a condition, that of preserving employment, and was limited in time, with an end scheduled for December 31, 2020. A caution due to its much discussed nature.

Allowing the former manager or shareholder to take over the company as part of a disposal plan after receivership is not trivial.

It is to offer him to leave again

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Source: lefigaro

All business articles on 2020-12-17

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