The Provisional Administrator, Appointed

This decision provides important insight into your property law. Here is what it changes for you.

The Situation

The provisional administrator, appointed pursuant to Article 47 of Decree No. 67-223 of 17 March 1967, whose mission, as noted by the Court of Appeal, essentially involves organising the election of a managing agent and does not entail exercising powers beyond the managing agent's ordinary management duties, need not necessarily be selected from among the insolvency practitioners subject to the status of the Commercial Code.

What the Law Says

This decision confirms the fundamental principles of property law.

Key Points

• Scrupulously respect the statutory time limits for appeals
• Keep all your supporting documents (deeds, instruments, letters)
• Anticipate: preventive advice always costs less than litigation

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