French Commercial code
In forceI.-The opening judgment interrupts or prohibits any legal action on the part of all creditors whose claim is not mentioned in I of Article L. 622-17 and seeking:
1° To order the debtor to pay a sum of money;
2° To rescind a contract for failure to pay a sum of money.
II.-Without prejudice to the rights of creditors whose claim is mentioned in I of Article L. 622-17, the opening judgment halts or prohibits any execution proceedings on both movable and immovable property as well as any distribution proceedings that have not produced an attributive effect prior to the opening judgment.
III.-The time limits imposed on pain of forfeiture or cancellation of rights are consequently interrupted.
IV.-The same judgment also prohibits, ipso jure, any increase in the basis of a contractual security interest or a contractual right of retention, by whatever means, by adding or supplementing assets or rights, in particular by registering securities or fruits and proceeds supplementing the securities appearing in the account referred to in Article L. 211-20 of the Monetary and Financial Code, or by transfer of the debtor's assets or rights.
Any provision to the contrary, relating in particular to a transfer of assets or rights of the debtor not yet born on the date of the opening judgment, is inapplicable from the day on which the opening judgment is pronounced.
However, the increase in the basis of assessment may validly result from an assignment of a claim provided for in Article L. 313-23 of the Monetary and Financial Code when it is made pursuant to a framework agreement entered into prior to the commencement of the proceedings. This increase may also result from a contrary provision of this book or from an express derogation from its application provided for by the Monetary and Financial Code or the Insurance Code.
