Corporate Finance – Newsletter – February 2011
From time to time Franklin issues corporate law bulletins on aspects of French business law that may be of interest to our clients and colleagues.
Table of contents
– Law on Banking and Financial Regulation
– Bankruptcy law: French legislator inspired by US “Prepack”
– Women’s representation in governing bodies of French companies
– Changes to the conditions for exercising shareholder rights
– CEO’s power to represent a French SAS
On October 22, 2010, the French Parliament passed a new law on banking and financial regulation (loi no. 2010-1249 de régulation bancaire et financière) in response to the financial, economic and political crisis that broke out in the first half of 2007. This crisis has prompted France to strengthen the regulations for its financial systems and markets. In this issue, we outline some of the most significant changes introduced by the law, which will impact financial markets and stakeholders.
We also cover other reforms and recent case law that will impact corporate governance in French companies, whether listed or not.