Commercial Court of Saint-Pierre (SPM): businesses to take over

The Commercial Court of Saint-Pierre (SPM), located in Saint-Pierre-et-Miquelon (department 975), handles collective proceedings (judicial liquidation, judicial recovery, safeguard) for businesses in its jurisdiction. The court appoints judicial administrators and liquidators who manage the sale of assets and business funds.

Steps to submit a takeover bid

1. Identify available opportunities at the TC of Saint-Pierre (SPM)
2. Obtain the detailed information file from the liquidator
3. Visit the premises and audit the assets
4. Prepare a takeover bid compliant with Article L642-2 of the Commercial Code
5. Submit the bid before the deadline set by the judge-commissioner
6. Appear at the hearing for bid examination

Types of procedures

• Judicial Liquidation — Complete cessation of business activity, assets sold off
• Judicial Recovery — Observation period, possible transfer plan
• Safeguard — Preventive procedure, restructuring plan

Our team of specialized business lawyers supports you throughout the entire acquisition process at the Commercial Court of Saint-Pierre (SPM). We handle drafting the bid, legal due diligence, and representation at hearings.