Legal Insights

1 October 2009 | Catherine Nommick

The Constitutional Council Partly invalidates the law facilitating SMBs’ access to credit

The Law n°2009-1255 aimed at facilitating access to credit for small and medium sized businesses (SMBs) and improving the operation of financial markets (the “Law”) was promulgated by the President on October 19, 2009, after a partial invalidation by the Constitutional Council. Only one day after it had been adopted on first reading by the […]

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1 January 2009 | Soulier Avocats

Useful information on the application of maximum contractual payment terms effective since January 1, 2009

The Law for the Modernization of the Economy dated August 4, 2008 (known as the “LME Law“ instituted a ceiling for contractual payment terms agreed between professionals : “45 days end of month” or “60 days as from the date of issuance of the invoice” (Article L.441-6 paragraph 9 of the French Commercial Code “FCC”), considering […]

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1 December 2008 | Thomas Caveng

New competition authority up and running as from January 1, 2009

Article 95 of the Law 2008-776 dated August 4, 2008 known as the Law for the Modernization of the Economy (the “LME”) established a new competition authority called Autorité de la concurrence (the “Competition Authority”). Ordinance 2008-1161 of November 13, 2008 (the “Ordinance”) implemented the creation of this Competition Authority which is vested with expanded […]

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