The refinancing of companies in difficulty: contribution to the legal optimization of the concept of turnaround capital.

Summary The refinancing of distressed companies is surrounded by a great deal of mystification. In the eyes of the general public, it is above all an efficient way for investors to make a fortune. This activity, also known as turnaround capital, is however the exclusive domain of high-level financial and legal technicians. The vast law of financial engineering governs the refinancing of companies in difficulty. By immersing the reader in the heart of high-level corporate finance, this thesis demystifies turnaround capital while seeking to improve its practice. To this end, the legal aspect of fund raising and investment is thoroughly analyzed. Based on this analysis and on the inspiration of foreign law, new tools dedicated to the optimization of the refinancing of distressed companies are proposed. This thesis demonstrates the preponderant role of financial engineering law in saving jobs in France.