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Bankruptcy Law

Auteur : Louis Vogel

Sommaire de l’ouvrage

  • Introduction

  • Part 4: Court-supervised liquidation and professional recovery

    • Title 3: Realization of assets

      • Chapter 1: Sale of the business

        • Section 4: Effects of the transfer

          • I: Effects on the transferee

            • A: No obligation to bear additional costs

            • B: Obligation to pay the price

            • C: Contract performance under current conditions

            • D: Credit repayment

            • E: Business management

            • F: Lease management

            • G: Temporary withdrawal

          • II: Effects on guarantors

904. Temporary withdrawal

1 minute de lecture

Under Article L. 642-9 of the Commercial Code, until the sale price has been paid in full, the transferee is prohibited from selling or leasing the tangible or intangible assets acquired, with the exception of inventories. The purpose of this provision is to ensure that business continuity is not rendered illusory as a result of the company being carved up as soon as the sale plan is adopted, as h …

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