By Yasmine EDDAM
13 April 2025
When a company is in serious financial difficulty, French law provides for specific mechanisms to try to save it or, if this is not possible, to organise an orderly winding-up of its business. These procedures, known as sauvegarde, redressement judiciaire or liquidation judiciaire, can seem complex and intimidating. They involve a series of players with clearly defined roles. For a company director, creditor or even an employee, understanding who does what is an essential first step in navigating this particular legal environment. The aim of this article is to demystify the landscape of insolvency proceedings by presenting the main players you may encounter: the judicial bodies that oversee the proceedings, the specialised professionals appointed by the courts (the mandataires de justice), and other players representing specific interests, such as those of employees or creditors. Identifying these different parties and their respective roles...
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