French Commercial code
In forceI.-At the latest at the end of a period of two months from the opening judgment, the court shall order the observation period to continue if it appears to it that the debtor has sufficient financing capacity for this purpose. However, where the debtor is engaged in farming, this period may be modified to take account of the current crop year and the specific practices of the farm.
The court will make its decision on the basis of a report drawn up by the administrator or, where none has been appointed, by the debtor.
II.- At any time during the observation period, the debtor may submit a report to the court.At any time during the observation period, the court, at the request of the debtor, the administrator, the mandataire judiciaire, a controller, the public prosecutor or ex officio, may order the partial cessation of the business or pronounce judicial liquidation if recovery is manifestly impossible.
It rules after hearing or duly summoning the debtor, the administrator, the judicial representative, the auditors and the person or persons designated by the social and economic committee, and after obtaining the opinion of the public prosecutor.
When the court pronounces the liquidation, it terminates the observation period and, subject to the provisions of Article L. 641-10, the administrator's mission.
