Paris, 22nd September: Due to the COVID-19 pandemic and devastating effect it has had on the global events industry, Comexposium, a global events organiser based in France, has been unable to organise events for more than six months in some of its key markets. As a result, several of Comexposium’s holding companies have opted to enter into a “procédure de sauvegarde” with Commercial Court of Nanterre.

Although it is not a bankruptcy process, procédure de sauvegarde does suspend the payment of debts and allow the company to protect itself from its creditors. The process will also allow for a reorganisation of liabilities and provide Comexposium with a grace period of non-payment.