Law n°2019-486 of May 22, 2019 on business growth and transformation, known as the “PACTE” Law, aims at “improving and diversifying business financing methods”. It is in this context that various measures have been taken to clarify and modernize the rules governing preferred shares.
Cross-border transactions within the EU: Towards harmonized procedures and enhanced protection of stakeholders
Published on April 25, 2018, Proposal for a Directive of the European Parliament and of the Council amending Directive (EU) 2017/1132 as regards cross-border conversions, mergers and divisions has the objective to “provide specific and comprehensive procedures for cross-border conversions, divisions and mergers to foster cross-border mobility in the EU while, at the same time, […]
The Bill on business growth and transformation, known as the “PACTE Bill” in French, aims at “eliminating barriers to business growth at every stage of business development, from business creation to business transfers, including financing”, while protecting companies that conduct so-called “strategic” activities. The wide range of contemplated measures includes the creation of a clear […]
Identification of beneficial owners: Publication of the Decree implementing Ordinance n°2016-1335 of December 1, 2016 that strengthens French rules against money laundering and terrorist financing
Unlisted companies and legal entities required to be incorporated with the Register of Trade and Companies (RCS) and headquartered in France (in particular branches of foreign corporations established in France) have recently come under the obligation to disclose to the clerk of the Commercial Court the identity of their beneficial owner(s) as well as the […]
The issue of the impact of artificial intelligence (“AI”) on the workplace unleashes fierce passions: Some fear – sometimes rightly – a massive destruction of jobs in the coming years because of the emergence of AI. Others are more moderate and rather anticipate an evolution in the way we work, through the adaptation and redefinition […]
The 2018 Finance Act introduces changes to the tax treatment of free shares (Attributions Gratuites d’Actions or “AGA” under French law.) This provides the opportunity to review the applicable legal and tax regimes. Beneficiaries a) The salaried employees of the company allotting the shares, or certain categories of salaried employees; b) The salaried employees […]