The Autorité de la concurrence publishes its opinion of 27 July 2023

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Summary:

On July 27, 2023, the Autoritu00e9 de la concurrence published its opinion on a draft decree regarding various services provided in connection with the register of security interests over movable property and amending certain provisions of the French Commercial Code. The Autoritu00e9 made four recommendations to clarify the decree, primarily to ensure clear fees for commercial court registrars. Although the adopted decree on October 3, 2023, incorporated most of the recommendations, the recommendation to clarify the suspension of security interest charges was not taken into account. The Autoritu00e9 welcomes the Government's efforts to simplify the subject of security interests over movable property, which will create a single register for creditors to consult.