Section 2: Effects of accelerated safeguard measures

Articles in this section · 3

Article L628-7

French Commercial codeIn force

Updated 7 Nov 2023

Without prejudice to Article L. 622-6, the debtor draws up a list of the claims of each affected party having participated in the conciliation that must be the subject of the declaration provided for in the first paragraph of Article L. 622-24. This list includes the information provided for in the first two paragraphs of article L. 622-25 and, where applicable, the subordination agreements brought to the debtor's attention by the creditors before the proceedings were opened. It is certified by the statutory auditor or, failing this, is the subject of a certificate from the chartered accountant. It is filed with the court registry by the debtor. The court-appointed agent sends each affected party on the list an extract from the list filed concerning its claim.


The list is filed at the court registry by the debtor. The filing of the list at the court registry shall be deemed to constitute a declaration on behalf of the affected parties if they do not submit a declaration of their claims under the conditions set out in Articles L. 622-24 to L. 622-26.


The updating of the claims mentioned in the list shall be carried out by the judicial representative. The claims mentioned on the list submitted must be updated within the period provided for in the first paragraph of article L. 622-24.


A decree of the Council of State specifies the conditions for updating the list. A decree in the Council of State shall specify the procedures for applying this article.

Mariela Petrova

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Common Questions

Working with a corporate lawyer in France — Q&A

Any time a strategic decision changes how the company is owned, governed or contractually bound — incorporation, fundraising, M&A, restructuring, shareholder agreements, or major commercial contracts. Earlier engagement always costs less than later remediation.

A notary (notaire) is a public officer who authenticates specific deeds (mainly real-estate transfers and certain family-law acts). A corporate lawyer (avocat) advises on strategy, negotiates and drafts company documents, and represents you in disputes. The two roles complement rather than overlap.

Yes — most of our clients are foreign suppliers, investors or holding entities. We bridge the gap between French law and your home jurisdiction's expectations and deliver everything bilingually.

The SAS (Société par Actions Simplifiée) is the default choice for most international structures: flexible governance, single shareholder allowed, no minimum capital, and works cleanly with foreign holding entities. We assess SARL, SA, SCI on the merits when the situation calls for it.

Yes — communications with a French avocat are protected by the secret professionnel (Article 66-5 of the Law of 31 December 1971). This protection is broader than the common-law attorney-client privilege and applies to written and oral exchanges.

We work on fixed fees for clearly scoped engagements (incorporation, contract drafting, audits) and on monthly retainers for ongoing advisory. Hourly billing is the exception, not the default. You always know the cost before work starts.

Typical timeline is 2–3 weeks from KYC kick-off to RCS registration, assuming standard documentation. Holding-company structures, foreign-shareholder identification or in-kind contributions can extend this — we flag the gating items at the first meeting.

Absolutely. We routinely coordinate with your in-house counsel, expert-comptable or notaire — pragmatic collaboration is the norm, not the exception. We send them everything they need to do their part without duplicating work.

Mariela Petrova

Mariela Petrova

Avocate au Barreau de Paris

Toque #C2396

15+ Years In Corporate Practice

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Communications protected by professional secrecy — secret professionnel de l'avocat, Article 66-5 of the Law of 31 December 1971.

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