Chèque prévention – the Ile-de-France region is mobilising to help companies in financial difficulty – Option Droit & Affaires of 3 May 2023
The energy crisis, repayment of state-guaranteed loans (PGE, prêt garanti par l’Etat), the increase in the cost of raw materials: faced with economic upheaval, French companies are experiencing growing financial difficulties. To encourage VSEs/SMEs to take advantage of out of court restructuring procedures (the conciliation and mandat ad hoc), the Ile-de-France region has established the Chèque prévention scheme.
Opinion piece by Numa Rengot, Partner, and Marouan Fawzi, Associate, from our Restructuring – Corporate Recovery – Distressed M&A department published in Option Droit & Affaires No. 629 of 3 May 2023.