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Legal Insights

30 August 2017

AI and the end of lawyers: Myth or reality?

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”[1]. 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 […]

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30 August 2017

Theft of information

In a decision dated June 28, 2017, the Criminal Chamber of the Cour de cassation (French Supreme Court) specified that “free access to personal information on a company’s IT network does not mean that such information may not be fraudulently appropriated by any means of reproduction”. This landmark decision revives the debate on the tricky […]

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29 June 2017

Effective as of August 1, 2017, companies and other entities incorporated with the Register of Trade and Companies will have the obligation to disclose their beneficial owner(s)

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 […]

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29 June 2017

Statute of limitation reform in criminal matters

Since March 1, 2017, new provisions govern the statutes of limitations for the prosecution of criminal offenses (i.e. the time-line during which an offense must be prosecuted) and the statutes of limitations for the enforcement of penalties. What are the consequences of these changes? The statutes of limitations for the prosecution of crimes (felonies) and […]

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30 May 2017

A new status for Security Agents under French law

Ordinance n°2017-748 of May 4, 2017 adopted in furtherance of the so-called “Sapin II” Law on transparency, fight against corruption and modernization of the economy, adds a new element to the concept of Security Agent in the context of syndicated loans, thereby offering banks and other institutions an efficient and secure device comparable to what […]

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