Bankruptcy Law

Under the terms of Article 1343-2 of the Civil Code, “[i]nterest accrued, due for at least one full year, shall bear interest if the contract so provides or if a court decision so provides”. This means that the parties may enter into an anatocism agreement under which the interest due will itself produce interest. Until the Ordinance of 12 March 2014 , case law held that once an insolvency procedu …