#ECOI2612180AFrance Grants Partial Debt Relief to LS INDUSTRIE on State Cash-Support Loan
AI-generated summary for informational purposes only. Not legal advice. See the original source for the authoritative text.
🇬🇧 English
The order cancels €2.9 million of the principal that LS INDUSTRIE owed on a €4 million state cash-support loan. The measure affects LS INDUSTRIE and the public financing account that funded the loan. It reduces the company’s repayment burden but does not create a broader rule for other businesses.
AI-generated summary. May contain errors. Refer to official sources for legal decisions.
Key Changes
- Cancels €2.9 million of principal owed by LS INDUSTRIE
- Applies to loan no. DOS0179338, originally granted for €4 million
- Charges the debt relief to the public account for loans and advances to private bodies
Affected Parties
LS INDUSTRIEFrench public financing authorities
Tags
state loan,debt relief,corporate liquidity support