Bankruptcy Law

Under Article 1343-2 of the Civil Code, “[i]nterest due for at least one full year shall accrue if the contract so provides or if a court decision so provides”. Thus, the parties may enter into a compound interest agreement under which accrued interest itself produces interest. Until the Ordinance of 12 March 2014 , case law held that after the opening of insolvency proceedings, no text deprived o …