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- Coronavirus/COVID-19: French Courts Close, Save for Emergency Proceedings; Hearings Conducted Remotely
French courts are closed for the unknown duration of the COVID-19 lockdown. Businesses facing immediate difficulties may still file for emergency or restructuring proceedings. Filings must be made electronically and hearings will be conducted remotely.
- The French "safeguard clause for medical devices” – a critical assessment
Since 2017, the French financial regulation applicable to medical devices is gradually moving closer to the regulation governing pharmaceutical products.
- France Completes Major Foreign Investment Reform
On December 31, 2019, the French government issued decree nº 2019-1590 (the 2019 Decree), together with an administrative order of the same date (the Order), that comprehensively reshaped French foreign investment rules (as amended, the New Rules) and introduced significant reforms to the French foreign investment review process. The 2019 Decree and the Order are the last steps of a reform that was launched by the French government in 2018 to strengthen French foreign investment control.
- France - COVID-19 measures from 26 March 2020
On 26 March 2020, the French government issued 26 Covid 19 decrees as part of the health state of emergency that has been declared. Below is a summary of the measures affecting businesses...
- COVID-19: French Government Allows Derogations from Labor Law by Ordinance
A French public health emergency bill authorizes the government to derogate from certain legal and regulatory provisions by means of ordinances in order to deal with the economic, financial, and social consequences of the coronavirus (COVID-19) pandemic.
- COVID-19: Status of Proceedings Before French Courts—Focus on International Arbitration Matters
In the context of the rapid spread of the novel coronavirus (“COVID-19”), French President Emmanuel Macron announced on 16 March 2020 a 15-day confinement of the population effective as of noon the following day. It is widely expected that the confinement will be further extended. At the same time, the French court system has enacted continuity-of-operations plans (“plans de continuation d’activité”) designed to reduce court activity and the risk of further spread of COVID-19.
- France: Crisis Impact in Capital Markets and Corporate Law – continued
The health crisis and the restrictions and containment measures also have an impact on French securities and corporate law. We offer below an update of our previous alert regarding the holding of general meetings of public limited companies (sociétés anonymes), the ban on taking or increasing of net short positions, profit warnings and risk factors.
- COVID-19: Real Estate Contract Law in France
As COVID-19 continues to spread in France, leading the Government to announce a national lockdown, some important questions arise concerning the Force Majeure and the "unforeseeability" theory as regards to their applicability on contractual relations between private individuals.
- Foreign Investments in France: New Regime, Effective April 1, 2020
The new regime extends the list of strategic sectors and amends the application process timeline, among other new features. Key Points: ..The list of strategic sectors has been extended to include (i) activities pertaining to agricultural products that contribute to national food safety objectives, (ii) print and online press services for political and general information, (iii) quantum technologies, and (iv) energy storage. ..Review by the Minister of the Economy and Finance (MINEFI) is now triggered when a non-EU or non-EEA investor (directly or indirectly) acquires 25% of the voting rights in a French target with a sensitive activity instead of being triggered by the (direct) acquisition of 33.33% of the share capital or voting rights under the former regime. ..The timeline for the application process has been amended — there is now a two-step review with a first 30-business day period, which could potentially be followed by a second 45-business-day period at the MINEFI’s option. ..The MINEFI’s right to modify or impose new conditions of previously granted authorizations has been formalized. Please see full Alert below for more information.
- COVID-19: Q&A on Employment Implications in France
In response to the impact of the COVID-19 pandemic on French economic activity, specific measures for employees and companies have been taken to deal with the current situation. On 23 March 2020, an Emergency Act (law n°2020-290) was enacted to allow the Government to take exceptional temporary measures by means of ordinances. On 26 March 2020, 25 ordinances were published.
- New French Arbitration Law
France has adopted a new statute on arbitration, Decree No. 2011-48 dated January 13, 2011 (the “Decree”). Thirty years ago, in 1980 and 1981, France was one of the first countries to adopt a modern statute that created a separate, specific legal regime for international arbitration. This regime...
- French Solar Projects
On 15 September 2011, the French Energy Regulation Committee (CRE) issued a set of rules covering the applicable conditions for the new tender process for photovoltaic (PV) projects in France with a capacity exceeding 250kw. This tender process is designed to help France meet its target of...
- Enactment of the French Second Amending Finance Act for 2012: Key Corporation Tax Measures
The French Second Amending Finance Act for 2012 was adopted by the French Parliament on July 31, 2012 and was enacted on August 17, 2012 [the "Act"]. The core objective of the Act is to reduce the government deficit below 4.5% of GDP for 2012, pursuant to the Council of the European Union'...
- The French Petroplus Law
The Decree No. 2012-1190 of October 25, 2012 has recently clarified the Law No. 2012-346 of March 12, 2012 on protective measures (mesures conservatoires) applicable to French safeguard, recovery and liquidation proceedings, named as the Petroplus Law. The Petroplus Law was...
- International Employment Law Review: August 2013 - Issue 4: Recent Employment Law Developments in France
Legislation - Interprofessional National Agreement and Law on Employment Security Passed - On January 11, 2013, social partners at national level agreed to an interprofessional agreement “for a new economic and social model serving business’...
- Financial Services Quarterly Report - Fourth Quarter 2013: Management of French Funds and Access to the French Market: New Opportunities Offered by the AIFM Directive
Further to the implementation of the AIFM Directive in France, new cross-border management and distribution possibilities are now available for investment products in the form of alternative investment funds (AIFs)....
- French Employers: Only Three Months Left to Set Up a Single Database | Base de données unique : plus que trois mois pour la mettre en place!
French law requires companies with 300 or more employees to set up a single database for economic and employment information by no later than 14 June 2014. The French Job Security Act of 14 June 2013, which codified the national multi-industry agreement (Accord National...
- New French Regulations Tighten Control on Foreign Investments
A new decree expands the list of sectors in which foreign investors must seek prior French Minister of the Economy authorization - The French government issued a new decree 2014-479 dated 14 May, 2014 expanding the list of strategic sectors in which foreign investments in...
- Focus on Regulatory Law - July 2014
In This Issue: - Regulation Authorities ..French Competition Authority ..Securities and Market Authority ..Audiovisual Council ..Authority for the Regulation of Electronic Communications - Energy...
- Class Actions Enter into Force in France as of 1st October 2014
The French Government decree allows accredited consumer associations to launch class actions. On 24 September 2014, the French Government enacted a decree implementing the class action mechanism created by the “Loi Hamon” n° 2014-344 (enacted on the 17th of March 2014) (pleas...