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Articles from Chems Idrissi

Published at 28 May 2019
Author : Chems Idrissi
Category : Corporate Law
E-newsletter: May 2019
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.
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Published at 27 February 2019
Author : Chems Idrissi
E-newsletter: February 2019
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, offering company stakeholders [i.e. employees, creditors and shareholders] adequate protection in order to safeguard the fairness of the Single Market.” This article provides an overview of the contemplated procedures.
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Published at 29 December 2018
Author : Chems Idrissi
Category : Corporate Law
E-newsletter: December 2018
The Bill on business growth and transformation, known as the “PACTE Bill” in French, aims at eliminating barriers to business growth through the diversification of financing modes while protecting companies that conduct so-called “strategic” activities. The wide range of contemplated measures includes the creation of a clear legal regime governing initial coin offerings (“ICOs”) and the improvement and strengthening of sanctions in case of non-compliance with the rules applicable to foreign investments in France. The PACTE Bill was adopted at first reading by the National Assembly on October 9, 2018 and will be discussed by the Senate in January 2019.
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Published at 30 May 2018
Author : Chems Idrissi
Category : Corporate Law
E-newsletter: May 2018
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 way in which he/she/they exercise(s) control over the relevant company or entity. Decree n°2018-284 of April 18, 2018 (finally!) specifies what is precisely meant by “beneficial owner (s)”.
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Published at 27 April 2018
Author : Chems Idrissi
Category : New Technologies
E-newsletter: April 2018
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 of jobs, and the creation of new opportunities. What is the real truth?
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Published at 28 February 2018
Author : Chems Idrissi
Category : Corporate Law
E-newsletter: February 2018
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.
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Published at 30 January 2018
Author : Chems Idrissi
Category : Corporate Law
E-newsletter: January 2018
The 2018 Finance Act introduces changes to the tax treatment of Bons de Souscription de Parts de Créateur d'Entreprise (company founder share warrants, i.e. security giving access to share capital reserved for employees or executives of new companies, commonly referred to as “BSPCEs”). This provides the opportunity to review the legal and tax regimes applicable to BSPCEs.
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Published at 29 November 2017
Author : Chems Idrissi
Category : Corporate Law
E-newsletter: November 2017
Since August 1, 2017, unlisted companies and legal entities required to be incorporated with the Register of Trade and Companies and based in France (in particular foreign corporations with an establishment in France) have the obligation to file with the clerk of the Commercial Court a document that sets forth identification data on their beneficial owner(s), his/her/their personal place of residence as well as the way in which he/she/they exercise(s) control over the relevant company or entity. This document must be produced in support of the registration application. Companies that meet these criteria and that were already incorporated as of August 1, 2017 must comply with this obligation by April 1, 2018 at the latest.
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Published at 30 August 2017
Author : Chems Idrissi
Category : New Technologies
E-newsletter: July / August 2017
In his book entitled Intelligence artificielle : vers une domination programmée ? published in 2007 by Le Cavalier Bleu editions, Jean-Gabriel Ganascia defines Artificial Intelligence (“AI”) as “the discipline in computer science that seeks to develop machines that mimic the superior faculties of intelligence”. In practice, when applied to the legal industry, AI could be used for a number of tasks, including, but not limited to, the generation of legal documentation, the definition of strategies in disputes and litigations, the automation of basic tasks commonly performed by trainees and junior associates. In this context, should we fear the progressive end of lawyers?
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Published at 29 June 2017
Author : Chems Idrissi
Category : Corporate Law
E-newsletter: June 2017
Unlisted companies and legal entities required to be incorporated with the Register of Trade and Companies and headquartered in France (in particular branches of foreign corporations) will very soon have the obligation to file with the clerk of the Commercial Court a document that sets forth identification data on their beneficial owner(s), his/her/their personal place of residence as well as the way in which he/she/they exercise(s) control over the relevant company or entity.
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