Banking, Finance and Insurance Letter - Legal News: May-June 2019

The PACTE Law includes many provisions... You will find the main themes below. 1. Simplify the applicable thresholds: Threshold obligations will be significantly eased and simplified to create a new legal environment that is more conducive to the growth of SMEs. 2. Remove the social contribution on incentive and profit-sharing schemes: Incentive agreements will be made easier for companies with less than 250 employees with the abolition of the social contribution. 3. Rethinking the place of the company in society: The Civil Code and the Commercial Code will be amended to strengthen the consideration of social and environmental issues in the strategy and activity of companies. 4. Create your business fully online at a lower cost: The lives of entrepreneurs will be simplified through the creation of a single online platform for business formalities. 5. Facilitate the rebound of entrepreneurs: The time and costs of judicial liquidation proceedings will be reduced and their predictability improved. 6. Bringing public research closer to the company: The journey of researchers wishing to create or participate in the life of a company will be simplified in order to boost the links between public research and the private sector. 7. Facilitate business transfers: The Dutreil pact will be renewed for free transfers. Business transfers to employees and the financing of the takeover of small businesses will be facilitated. 8. Simplify and ensure the portability of retirement savings products: Everyone will be able to keep and pay into their savings product throughout their professional career and the capital outflow will be facilitated. 9. Supporting export SMEs: The export support model will be transformed by the creation of