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Bankruptcy Law

Auteur : Louis Vogel

Sommaire de l’ouvrage
  • Introduction

  • Part 4: Court-supervised liquidation and professional recovery

    • Title 2: Judicial liquidation judgment

      • Chapter 3: Inventory

      • Chapter 5: Effects of the judgment

        • Section 1: Immediate enforceability

        • Section 2: Treatment of company creditors

          • III: Prohibition of commissory agreements

        • Section 3: Provisional continuation of business

        • Section 4: Remuneration and subsidies

        • Section 9: The sole trader's right of recovery

        • Section 10: Exigibility of unpaid share capital

768. Prohibition of a pactum commissorium

1 minute de lecture

Under Article L. 622-7, I(3) of the Commercial Code, applicable to the court-supervised liquidation procedure by reference to Article L. 641-3, the judgment opening the liquidation procedure precludes the conclusion and enforcement of a pactum commissorium. Article 2348 of the Civil Code defines this as the agreement or clause by which, at the time of creation of the pledge or subsequently, the cr …

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