By Yasmine EDDAM
17 April 2025
When a debtor fails to honour his financial commitments, the creditor has legal means at his disposal to recover the debt. If the debtor is the owner of a valuable asset, such as an inland waterway vessel, that asset may be subject to specific procedures known as execution. French law, supplemented by international conventions, provides for two main types of seizure applicable to registered inland waterway vessels: protective seizure, which aims to 'freeze' the asset to secure a future or uncertain claim, and seizure for sale, which results in the forced sale of the vessel to enable creditors to be paid the price. Understanding these procedures is essential if you are to navigate French waterways in full compliance with the law. These procedures are governed by strict rules to protect the rights of both creditors and debtors. Understanding how they work, the conditions under which they are implemented and their...
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