Debtwire counted 39 restructuring mandates in France during the first half of 2026, covering €14.57bn of debt. Lenders ended up with ownership in those cases, according to the same count.
Alvarez & Marsal attributes the shift in creditor leverage to a 2021 reform of French insolvency law that, in the firm’s assessment, underpins creditors' stronger position in French restructurings.
Reported by The Wrap desk from Debtwire and Alvarez & Marsal. Published . Updated Oct 28, 2026 · 2:57 p.m. ET. Corrections