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Business Law

28 February 2022 | Catherine Nommick

Compliance implications in M&A transactions

Law No. 2016-1691 on transparency, the fight against corruption and the modernization of the economy of December 9, 2016, commonly referred to as the “Sapin II Law”, has provided France with innovative tools inter alia to detect, prevent and punish corruption and breaches of probity.

The reinforcement of the legal arsenal to better fight corruption is one of the major pillars of this Law, and the risks associated to breaches of compliance rules can prove to be a deterrent for buyers in the context of M&A transactions.

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29 November 2021 | Pauline Kubat

Google Shopping: EU General Court upholds the €2.42 billion fine imposed on Google for favoring its own comparison shopping service

On June 27, 2017, the European Commission imposed a €2.42 billion fine on Google for abusing its dominant position by favoring its own comparison shopping service over competing comparison shopping services.

Google and its parent company Alphabet appealed against this decision before the General Court of the European Union. The Court, in a recent ruling dated November 10, 2021, upheld the European Commission’s decision.

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30 August 2021 | Pauline Kubat

The French Competition Authority amends its method for determining fines

The French Competition Authority published on July 30, 2021 a notice on the method for determining fines in relation to anticompetitive practices, which repeals and replaces the previous notice dated May 16, 2011.

This new notice, based on case law and the decisions rendered by the French Competition Authority in the last ten years, draws the consequences of the transposition of the ECN+ Directive aimed at increasing the effectiveness of competition rules within the European Union.

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29 June 2021 | Soulier Avocats

The judicial crisis recovery management procedure: A new temporary tool for businesses in financial distress because of the health crisis

Seeking to ensure the survival of companies that could become insolvent in the coming months due to the phasing-out of the support measures that have been put in place, the French legislator has adopted a Law introducing a new procedure, i.e., the judicial crisis recovery management procedure.

This temporary procedure is of particular interest to debtors who may be experiencing short-term difficulties caused by the COVID-19 health crisis and who wish to benefit from a simple and rapid mechanism for spreading out their current liabilities over a long period of time.

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