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1 January 2009 | Soulier Bunch

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 January 2009 | Soulier Bunch

Law n° 2008-1258 on Labor Income dated December 3, 2008 Social Security Finance Act 2009 n° 2008-1330 dated December 17, 2008

There are traditionally significant labor law developments at the beginning of a calendar year. The Law on Labor Income presents a real interest for companies with respect to employee savings schemes and substantially amends the rules governing mandatory profit-sharing plans by definitively authorizing the immediate release of the sums earned under such plans. The Social […]

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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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