23 December 2015 | Soulier Bunch
In our April 2014 e-newsletter, we reported the enactment of Law n°2014-384 of March 29, 2014 aimed at recapturing the real economy, commonly referred to as the “Florange” Law, that notably imposed on companies or groups with at last 1,000 employees the obligation to search for a buyer wherever they intend to close down a […]
23 December 2015 | Soulier Bunch
“The longest journey always starts with one step” used to say François de la Rochefoucauld. On December 12, 2015, the COP21, also known as the 2015 Paris Climate Conference, ended with an historical agreement that provides fresh impetus in the fight against global warming. For the business community, this agreement is primarily a signal for […]
23 December 2015 | Soulier Bunch
The principle is not new but deserves to be recalled: A party that breaches its contractual obligations may be held liable not only towards its co-contracting party but also towards third-parties. This was re-affirmed by the Cour de Cassation (French Supreme Court) in a decision issued on October 20, 2015 in connection with a dispute […]
23 December 2015 | Soulier Bunch
In a judgment dated November 10, 2015, the Cour de Cassation (French Supreme Court) confirmed that late penalties provided for under Article L. 441-6 of the French Commercial Code are to be considered as default interest. As such, these penalties can bear interest, as per Article 1154 of the French Civil Code. Article L. 441-6 […]
30 November 2015 | Soulier Bunch
For several years, the diversification of funding sources has become a crucial challenge for French and European mid-market companies. In this context, private placements in the form of bonds or loans, known as the “Euro-PP” market, have grown significantly in France and in Europe, thereby offering companies an alternative to bank funding. The financing […]
