French insolvency proceedings have unique opportunities, according to Insolvency and Restructuring International. Third party funders can be engaged to help companies navigate insolvency proceedings. Oftentimes, French third party funders help companies in the form of cash advance proceeds, yet they also purchase the legal claims of insolvent companies, in the hopes of earning a hefty ROI on the legal claim.
An LFJ Conversation with Michael Kelley, Partner, Parker Poe
French insolvency proceedings have unique opportunities, according to Insolvency and Restructuring International. Third party funders can be engaged to help companies navigate insolvency proceedings. Oftentimes, French third party funders help companies in the form of cash advance proceeds, yet they also purchase the legal claims of insolvent companies, in the hopes of earning a hefty ROI on the legal claim.
Insolvency and Restructuring International Vol.16 features Alexandra Szekely and Chloé Delamourd’s research into third party insolvency vehicle engagement in France.
Their research covers instances where an insolvency agreement is reached and then purchased back from the original seller, among other unique third party funding instances under French law. For example, the research suggests that third party insolvency funders have prime opportunities to capture value from the receivables of a firm under bankruptcy proceedings.
Click here to read more on the latest insights spanning French insolvency law.
