The manager of a company that is experiencing temporary difficulties but has not been insolvent for more than 45 days, may apply to the relevant court to open an ad hoc mandate or conciliation procedure.
These procedures are amicable and confidential.
If the difficulties are significant and cannot be overcome, or if the company is insolvent, the company manager may request the opening of legal proceedings:
- Crisis exit procedure
- Safeguard
- Receivership
- Judicial liquidation
Professionals, such as insolvency practitioners, are on hand to help company managers choose the appropriate procedure.
