Investors have purchased property in France through a mortgage. Many investors are having difficulties to pay the instalments due to the ongoing epidemic. Non-payment of mortgage instalments is a breach of contract. Banks will attempt to terminate lease based on this non-performance and claim for reimbursement of capital and interest still due, plus penalties. Further, […]
France – leaseback issues- Coronavirus
A decree has been pasted by the French government (“Ordonnance n° 2020-306 du 25 mars 2020”) ordering that no procedure could be implemented against a party in breach of contract from the 12 of March 2020 until 2 months after end of period of state of urgency (“état d’urgence sanitaire”) du to coronavirus. This decree notably applies to leaseback […]
France – divorce – Coronavirus
In France divorce procedures tend to be very slow even in normal circumstances During epidemic French court will only rule on urgent maters. Once lockdown is lifted, court will have to catch up on the backlog of dossiers. However, it is still possible to divorce by signing an out of court amicable divorce settlement. This […]
Some basic information on French inheritance law and inheritance taxes
It is generally agreed that French inheritance law allows less freedom for individuals to decide what will become of their assets after death in comparison to countries of Common Law tradition. For instance it is not generally possible for parents to pass a will to advantage unreasonably one child rather than another. On the other […]