By Yasmine EDDAM
7 April 2025
Once a safeguard or receivership procedure has been opened by the court, the company does not immediately move towards a definitive solution. It enters a transitional but absolutely crucial phase: the observation period. For the manager, employees, creditors and all the company's partners, this period is synonymous with uncertainty, but also with opportunities. What actually happens during these few months? Who makes the decisions? How are contracts and debts managed? And above all, how do you prepare for the end of the procedure? This article takes you through the observation period. We will look in detail at its objectives, its duration, the role of the various players in day-to-day management, what happens to current contracts and debts, and finally, how the solutions that will be presented to the court in an attempt to save the business are worked out. Understanding the mechanisms of this phase...
EN 
FR