If the POA was given by the MD acting on behalf of the French company and the company has not changed then it should still be valid. However it does depend on the wording in the POA and so no one could say definitely without seeing the text.
Yes, the best thing is to have your lawyer, or even the Notary who will act in the signing of this new purchase, revising the POA. ANyhow, the Notary will have to check this anyhow, but better to advance that item so there will be time for a change if the POa is not valid.
Of course, the new legal representative will have to bring his own company power representation deed to the signing.
An embargo is always decided on an executive title such as executive documents:( i.e valid cheque) or a COURT DECISSION. In a cancellation process for breach of contract the options would be: a valid and executable bank guarantee or the firm decission of a Judge after a litigation process.
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