What you need to know
- Unlike in Germany, collateral in France is generally on an ancillary basis. Consequently, the concept of Grundschuld (non-accessory land charge) does not exist in France.
- The assignment of collateral for goods and global assignment is not possible in the form known in Germany.
Our contact persons
Verify, order and liquidate collateral
What we can do for you
- presentation of the differences between individual collateral instruments in France and Germany
- drafting contracts for the provision of security (mortgages, independent guarantees, sureties, pledging of business operations, pledging of company shares, etc.)
- review and valuation of collateral in France and Germany
- collateral recovery in France and Germany (including insolvencies)
Our expertise
- great team of experienced contract lawyers
- over 20 years of experience in French and German banking and credit security law
- regular recommendation by German corporate lawyers as the leading law firm in French employment law
A selection of our most recent mandates
- Bank specialised in mid-size companies | Ongoing advice to two banks with regard to the legal aspects of their central settlement systems in France and the realisation of collateral in the event of a claim
- Major regional bank | Enforcement of enforceable claims and contestation in the context of French private insolvency proceedings