Entertainment Business failures: a fall of 40% in trompe l'oeil in 2020

04:25  14 january  2021
04:25  14 january  2021 Source:   latribune.fr

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What does trompe l ’ oeil mean? Trompe l ’ oeil is French for “to deceive the eye”, an art historical tradition in which Trompe l ’ oeil reached new heights in the 17th century, particularly among Dutch artists, who achieved new levels of realism. One of these, Evert Collier, specialised in trompe l ’ oeil

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Le recul des défaillances d'entreprises en 2020 concerne tous les secteurs. © Provided by La Tribune The decline in business failures in 2020 concerns all sectors.

The decline in insolvencies concerns all sectors, including those most affected by the administrative measures taken to stem the Covid-19 epidemic, underlines the French central bank in its report published on Wednesday, January 13.

The sector recording the most significant decrease is construction (-41.4%). In the hotel and catering industry, it is -34.6%, while in information and communication, an open and active sector, the drop is only -27.8%.

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The smallest most sheltered companies

Intermediate-sized companies (ETI) and large companies (GE) are however the reverse of this general trend: in the 12 months leading up to the end of November 2019, 32 had gone bankrupt, but a year later that number had increased to 50, a 56.3% increase in insolvencies.

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Start studying Art Fundamentals Trompe L ' Oeil Quiz. Learn vocabulary, terms and more with flashcards, games and other study tools. Trompe L ' Oeil : an art technique involving extremely realistic imagery in order to create the optical illusion that the depicted objects appear in 3D, instead

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The smaller the companies, the more protected they were from bankruptcy: the drop is 25.8% for large SMEs with between 50 and 249 employees, 30.1% for small companies with 10 to 40 employees, and 30.0% for very small businesses.

Finally, in the category of “micro-enterprises and undetermined size”, by far the most numerous, the number of insolvencies fell in one year from 48,776 to 30,939, ie a decrease of 36.6%.

The clerks of commercial courts and court administrators, who experienced a difficult period in 2020 due to lack of activity, expect an increase in business failures due to a catch-up effect in 2021.

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Effect of confinement and adaptation of provisions relating to companies

The central bank partly attributes this apparently very positive result to "the temporary impact that both the period of confinement on the functioning of commercial courts ”, their activity having been reduced, resulting in the postponement of the opening or conversion of a number of proceedings. As well as regulatory changes on the time limits for declaring defaulted payments.

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Peintures, faux paysages, illusions d'optique : sélection des trompe - l ’œil les plus beaux et les plus See more of Les Trompe - l ’œil insolites on Facebook.

The Order 2020 -341 of 27 March 2020 adapting the rules regarding companies and agricultural holdings in difficulty to the health emergency and amending certain provisions of criminal proceedings, also introduced changes Download the PDF version of this document. Business failures - France.

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For example ordinance n ° 2020-341 of March 27, 2020 adapting the rules relating to the difficulties of businesses and farms to the health emergency and modifying certain provisions of criminal procedure, introduced changes likely to postpone the examination of the situations of suspension of payments for the companies whose situation worsened during the period of slowdown in activity.

Thus, for the period from March 12 to August 24, 2020, a company that would have been considered in a state of insolvency according to the previous regulations will not be, since its situation is assessed on March 12, 2020, the date on which it no was not in a state of insolvency.

On the other hand, the Banque de France recalls the cash assistance measures as well as the reductions and deferrals of charges from which companies have benefited, and whose stated goal by the government is precisely to reduce bankruptcies in order to maintain employment and skills.

Read also: The devastating effects of the pandemic on companies and employees

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