While its use has largely decreased in Europe, the French remain attached to payment by check. This method of payment is nevertheless not without consequences since the beneficiary takes the risk of an unpaid check for various reasons, the most common being insufficient funds. Against this, the French law has softened the rules of the enforceable title in order to secure the payment.
Principle of the Gayssot law The law n° 98-69 of February 6, 1998 aimed at improving the conditions of practice of the road transport profession, known as the "Gayssot law", protects professional subcontractors in the road transport and logistics sector against non-payment. Article L.132-8 of the French Commercial Code: "The consignment note forms a contract between the sender, the haulier and the [...]
When a company is in business, some of its customers may not pay their invoices on time. Such a delay can have serious consequences for the company in question. Indeed, an unpaid invoice can have a negative impact on the cash flow of a company and destabilize its financial balance. This is why [...]
With the advent of the Justice Act 2019-2021, mediation takes its letters of nobility and passes from the status of "alternative dispute resolution" (ADR) to a "full-fledged" means of dispute resolution, open to the parties, guaranteeing the free disposal of their rights. Today, "having one's case dealt with" by the judicial way is a [...]
The law for the reform of justice of March 23, 2019 allows the judge to enjoin the parties to meet with a mediator, including in summary proceedings, and extends the prior obligation to attempt an amicable resolution before going before the judge, to certain appeals before the TGI. Alternative dispute resolution (ADR) has been used for a long time now.
In these exceptional and unprecedented circumstances, Legalcity is mobilized to communicate all the useful information put in place by the State for companies and those that you are with us creditor or debtor. I/Company assistance: the loan certificate Guaranteed by the state Companies can ask their banks for a cash flow loan covering a maximum of 3 years.
When the owner notices unpaid rents, he must first contact his tenant in an amicable way. He can also directly contact the tenant's guarantor and/or his unpaid rent insurance (of the tenant or the owner). This amicable phase is mandatory before any legal proceedings. If the tenant benefits [...]
The Debt Collection Agency: a pillar of your cash management strategy! In normal times, nearly 60,000 bankruptcy filings are recorded by the Registries in one year! Nearly a third of these are due to non-payment! 3 companies out of 10 never make it past the 3 year mark! Can you imagine what is going to happen?
