Rachida Dati wants to relax the law to safeguard companies

Justice Minister Rachida Dati announced Friday Avignon to reform the law to safeguard companies from January 2009 to help "much faster" companies in difficulty, particularly in dealing with the crisis. "By the end of the year, we will reform the backup procedure. It is important to help much faster companies in difficulty," said Rachida Dati during a visit to a company that specializes in Avignon in the manufacture of metal fittings, Cepaba, which was saved from bankruptcy by the backup procedure. This reform should come into force on 1 January 2009, according to the minister. "Save our businesses" Established by an Act of July 2005, the law allows backup to intervene upstream businesses in difficulty to avoid, if possible, to arrive at the final stage of the liquidation. The Minister of Justice wished that entrepreneurs are more involved in this process are now the only ones who can decide on a partial cessation of activity. They also remain at the helm of the company even in the presence of an administrator. According to the minister, 500 safeguard procedures were recorded in 2006, mainly for SMEs with fewer than 50 employees, "a relatively low figure in relation to the 45,000 business bankruptcies." "Given the current circumstances, we must combine our efforts to save our businesses," she added.