In this article, Anker Sorensen, a partner of the Financial Industry Group of the Paris office of Reed Smith LLP, practicing predominantly in the area of corporate and restructuring, shortly describes and comments the main changes which have been introduced by the “Macron law” in the insolvency/corporate restructuring area, i.e.: the specialization of commercial courts in order to deal with large insolvencies, the dilution of shareholders in companies in “redressement judiciaire”, when a reorganization plan provides for a change of the share capital, and the headline part of the Macron law in the field of insolvency, consisting in the forced sale of shares held by shareholders who vote against a change of the share capital provided for by a reorganization plan.
Read the full article, first published in International Corporate Rescue (PDF)