The transfer of the usufruct of shares does not constitute the transfer of shares. Our Tax team reviews the Court of Cassation’s decision of 30 November 2022. In its decision of November 30th 2022, the French Court of Cassation (Cass. Com. 30 November ... read more
In its decision of 16 November 2022, the French Conseil d’Etat (Council of State) ruled that the option of conversion into shares of OCAs (convertible bonds) subscribed to by the sole shareholder of a foreign subsidiary does not substantiate a payment ... read more
When a married person becomes a shareholder, their spouse’s rights in respect of their securities vary depending on the type of company. Our Corporate team reviews the different cases, and in particular the last Court of Cassation decision of 21 ... read more
On Monday, 26 September, Bruno Le Maire, Minister of the Economy, Finance, and Industrial and Digital Sovereignty, and Gabriel Attal, Minister of Public Accounts, presented the 2023 Finance Bill. Our Tax team reviews the measures individuals and ... read more
You must be aware that mentioning a Managing Director (Directeur Général) on the K-bis of a French SAS (Société par Actions Simplifiée) isn’t sufficient for him to be considered as the legal representative of such company! Although the law ... read more
On 14 June 2022, the French Conseil d’État sought advice from the Court of Justice of the European Union (CJEU) on the scope of the Steria ruling relative to a complaint lodged in 2014 by two French companies requesting the refund of the corporate tax ... read more
A Lyon Court of Appeal judgement of 17 February 2022 has provided interesting clarification regarding preference shares. Our Corporate team reviews this decision. A société par actions simplifiée (joint-stock company) had decided to reduce the preferred ... read more
In its decision dated 11 March 2022, the French Conseil d’Etat ruled that Alone et Co did not commit an irregular management act by entering into a unilateral agreement to transfer securities to a director of its subsidiary and by later selling such ... read more
Part of our teams will attend the next EMEA Regional Conference of MSI Global Network from May 13th to May 15th in Lisbon. They will have the pleasure to meet again friends and members of our worldwide association. The Conference will be in-person. To ... read more
The shareholders in an SAS are free to stipulate in the articles of association whether the termination of the mandate of a director may be decided ad nutum or whether reasonable grounds for such termination are necessary. What about the conditions for ... read more

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