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Étiquette : current account

When to determine whether a current account is business-related?

Le 17 janvier 2025 par Olivier VIBERTdans Banking, EnglishLaisser un commentaire

In a ruling handed down on 18 December 2024 (Appeal no. 23-20.785), the First Civil Chamber of the Cour de cassation dismissed the appeal lodged by a lawyer challenging the professional nature of a current account opened in his name. This decision clarifies the interpretation of the rules applicable to current account agreements in a …

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Winding-Up Proceedings: are current accounts still active under French Law?

Le 27 septembre 2024 par Olivier VIBERTdans Banking, contract / commercial, English, Non classéLaisser un commentaire

The Court of Cassation has handed down a ruling that clarifies the issue of whether or not a current account is closed in the event of winding-up proceeding or liquidation. It now rules that the opening or pronouncement of a winding-up proceeding does not result in the closure of the debtor's current account. (Court of …

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