By Yasmine EDDAM
4 May 2025
Opening a safeguard procedure is a decisive step for a company facing difficulties that it is unable to overcome on its own, even if it is not in a state of suspension of payments. Far from being an end in itself, the primary aim of the procedure is to reorganise the company so that it can continue to operate, maintain employment and pay off its debts. At the heart of this process is the safeguard plan, the drafting and negotiation of which are decisive phases for the company's future. To succeed in this exercise requires anticipation, rigour and a well-defined negotiation strategy with creditors. This article sets out the fundamental steps involved in preparing and negotiating this plan under the best possible conditions. For a full presentation of the safeguard procedure and an overview, please consult our comprehensive guide to procedures. The importance of anticipation: preparing the ground...
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