September 13, 2019
Paris restructuring partners Benoît Fleury, Jean-Philippe Robé, Jean-Pierre Farges, and Pierre-Emmanuel Fender are the co-authors of “Les classes de créanciers dans le nouveau droit des procédures collectives : pistes de réflexion” [PDF] published in Fusions & Acquisitions Magazine on September 13, 2019. The paper discusses the dramatic modifications that will be undergone by the French restructuring landscape as a result of Directive 2019/1023 of June 20, 2019 on restructuring and insolvency. The co-authors focus on the innovative Directive-introduced concept of ‘class formation’ and concentrate on its potential consequences for debtors’, shareholders’ and creditors’ strategies.