[BANKRUPTCY, INSOLVENCY & REHABILITATION PROCEEDINGS IN FRANCE] 45
However, the co-contractor can ask the Judicial Administrator whether he intends to force carrying on of the agreement. Furthermore, the co-contractor can also initiate early termination, if he requests the Judicial Administrator or the Liquidator to decide on the continuation of the contract, and: • If the Judicial Administrator or the Liquidator does not respond within thirty days from receipt of the request, • If the Judicial Administrator or the Liquidator replies that the agreement shall not be continued. If the ongoing contract is continued, the creditor will benefit from priority of payment rank concerning the receivable resulting from the performance of the concerned agreement. Reinhart Marville Torre (https://rmt.fr/en) is a business law firm with over 60 lawyers and 15 specialized departments, recognized for our expertise in both advisory services and litigation. Our lawyers, led by 21 partners, assist and advise companies and their executives in developing and implementing their growth strategies .
ILN Restructuring & Insolvency Group – Bankruptcy, Insolvency & Rehabilitation Series
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