All publications by Soulier Avocats

In the unprecedented context of the health crisis created by the COVID-19 pandemic, private equity transactions slowed down sharply. Many funds have opted for a strategy aimed at focusing on their existing investment portfolio and supporting their investments to meet increased cash flow requirements.

This crisis also provides an opportunity to take a look back at a particularly dynamic year in 2019 for the French private equity investment market and to identify trends, both in terms of the investment methods hitherto favored by investors and in terms of the protection afforded to investors.

On May 11, 2020, the state of health emergency was extended through the adoption of Law No. 2020-546 which supplemented existing provisions. One of the purposes of this legislation is to mitigate the employer’s liability in the event of infection or exposure to infection by the Covid-19.

Indeed, many companies had to continue operating since the outbreak of the crisis, thereby exposing employees to the risk of infection. In the event of infection of one of them by the virus, the employer, i.e. both the natural person who is at the head of the company and the company itself as legal entity, may be held liable.

On June 2, 2020, the French Minister of Justice sent to all competent public prosecutors a circular for immediate application specifying France’s “criminal justice policy in the fight against international corruption”.

This circular sets out guidelines for legal action at all stages of criminal proceedings, from the information gathering stage to the determination of the mode of prosecution.

In the context of the COVID-19 pandemic, and more specifically the so-called “lockdown-lifting” strategy, the French Government decided to implement an app called “StopCovid” available on smartphones, the aim of which is to alert its users that they have been in close proximity to people who have been tested positive for COVID-19 and who use the same app, as this proximity entails a risk of transmission of the SARS-CoV-2 virus.

This is one of the digital devices implemented by the Government as part of this overall “lockdown-lifting” strategy.

While France is entering the first phase of its end-of-lockdown plan, the Government’s strategy to combat a resumption of the epidemic is now based on monitoring “contact tracing”, i.e. the swift identification of any person who has been close to a patient in order to also test him/her and, if necessary, isolate him/her to avoid the spread the of the disease.

French authorities are planning an “information system” based on two medical databases: Sidep and Contact Covid. As the design of the StopCovid app. is still under way, its deployment was not included in the end-of-lockdown plan presented on April 28, 2020.

The combination of sick leave and short-time work is a headache for many employers.

The Government has adopted new measures very recently.

Here is something to get a clearer picture.