Bankruptcy Law

Paragraph 4 of Article L. 622-20 of the Commercial Code, applicable to the receivership procedure by reference from Article L. 631-14, provides that “[t]he sums recovered as a result of actions brought by the legal representative or, failing that, by the creditor(s) appointed as controller(s), shall form part of the debtor's assets and must be allocated in the event of continuation of the business …