Crowdfunding, also called financement participatif in France, is a new mode of funding “by the crowd” that recently emerged in response to banks’ unwillingness to lend money. As its name suggests, crowdfunding enables anyone to contribute to the development of Small and Medium-sized Businesses, so dear to our government, by providing funds in the form […]
Juridiction : Colombie Auteur : David Beltran Cabinet : Prietocarrizosa Thème : En Colombie, la prévention de la corruption bénéficie d’un regain d’intérêt tant de la part du législateur que du monde économique. La loi anticorruption a introduit de nouvelles règles en 2011 et les grandes entreprises ont commencé à prendre des mesures concrètes, notamment […]
To restore the competitiveness of French businesses, the Government has adopted a national growth pact, the flagship measure of which is the so-called Competitiveness and Employment Tax Credit (Crédit d’Impôt pour la Compétitivité et l’Emploi, hereinafter “CICE”). The CICE has a dual objective: reducing labor costs and providing an immediate response to companies’ working capital […]
Decree n°2012-66 of January 20, 2012, that became effective on January 23, 2012, was enacted further to Ordinance of November 16, 2006 that transposed Directive 2008/52/EC of May 21, 2008 on certain aspects of mediation in civil and commercial matters, and further to Law n°2010-1609 of December 22, 2010 that created the participative process agreement. […]
By decision rendered on September 20, 2011, the Commercial Chamber of the Cour de Cassation (French Supreme Court) recognized the rule according to which a person may not contradict himself/herself/itself to the detriment of another person as a general principle of French law and consequently sanctioned contradictory procedural behaviors, thereby triggering a fierce debate among […]
The French banking and financial regulation Law (the “FBFRL”) was enacted on October 20, 2010 and published in the Official Journal on October 23, 2010. It aims at implementing the decisions made at the G-20 summits in Washington, London and Pittsburgh and drawing lessons from the crisis in order to foster economic recovery. The FBFRL […]