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Early termination clauses in commercial agreements

  • Ichay & Mullenex Avocats
  • -
  • France
  • -
  • September 28 2010

Imagine two parties signing an agreement for the best until the worst happens: whether it be supply delays, failures to pay, insolvency or simple economic difficulties, at some point, terminating such agreement may become an absolute necessity

Draft law on consumer protection: class action is to become part of French law

  • Kramer Levin Naftalis & Frankel LLP
  • -
  • France
  • -
  • May 28 2013

Approved by the Council of Ministers on May 2nd 2013, the draft law on Consumer Protection aims to introduce in France -- and for the first time --

The French legal framework relating to profit-sharing premiums

  • McDermott Will & Emery
  • -
  • France
  • -
  • May 23 2013

The French legal system provides a variety of ways to secure the involvement of employees in the growth and profits of their company, including

France - Notification to the URSSAF of the identity of beneficiaries of stock options or free shares

  • Hogan Lovells
  • -
  • France
  • -
  • April 30 2013

The Circular-Letter ACOSS n2013-0000019 of 28 March 2013 of the Agence Centrale des Organismes de Sécurité Sociale (ACOSS

New French mandatory rules for invoices and general terms and conditions intended for professionals

  • Bryan Cave LLP
  • -
  • France
  • -
  • February 5 2013

Beginning on January 1, 2013, every professional who is late in paying an invoice is liable to pay a fixed compensation for collection costs of &euro

Exit clause of a minority shareholder under a shareholders' agreement

  • Bersay & Associes
  • -
  • France
  • -
  • April 15 2011

A shareholders' agreement provided for an exit clause in favour of a minority shareholder, also the Chief Executive Officer of the company, under which, upon revocation of his term of office, he would have the right to force a sale of his shares to the majority shareholder for a period of six months after his revocation

Warning late payments: setting the amount of the fixed charge for collection expenses

  • Baker & McKenzie
  • -
  • France
  • -
  • December 31 2012

As reported in our newsletter of MayJune 2012, as of January 1 2013 invoices must mention, in addition to the late payment penalty rate, the fixed charge

Commitment of a subsidiary by its parent company

  • Bersay & Associes
  • -
  • France
  • -
  • April 15 2011

The parent company of a group of companies specialising in waste treatment had indicated in a letter to an intermediary the amount of compensation it would receive for "obtaining a positive outcome" in connection with an application for administrative approval for an operating extension to a landfill site

New French law to aggregate cash-settled securities for threshold crossing disclosure obligations

  • Herbert Smith Freehills LLP
  • -
  • France
  • -
  • March 6 2012

On 29 February, the French General Assembly passed a bill, known as the bill for “simplification of the law and facilitation of administrative processes”, which provides for the aggregation of cash-settled securities as part of the calculation of thresholds crossing disclosure obligations

Abrupt termination and intuitu personae

  • Baker & McKenzie
  • -
  • France
  • -
  • March 28 2013

Unless a contractual termination clause targets this situation, the disposal of all the shares in a company leading to a change in management does not