Historically, French law is very favorable to arbitration, and to international arbitration in particular. It is against this background that it has recognized the principle of autonomy of arbitral awards for several decades....more
Article L. 442-1 II of the French Commercial Code, implemented in 1996 (and recently modified), prohibits the sudden termination of an established business relationship. This provision aims to give the terminated party...more
The French government has been adopting a series of legal measures in response to the coronavirus (COVID-19) pandemic. The French Parliament voted on a law responding to the epidemic on 23 March (the Bill). ...more
4/15/2020
/ Contract Terms ,
Coronavirus/COVID-19 ,
Employment Contract ,
Financial Statements ,
Force Majeure Clause ,
France ,
Insolvency ,
Judicial Proceedings ,
Legislative Agendas ,
Restructuring ,
Securities Regulation ,
Shareholder Meetings ,
Time Extensions ,
Wage and Hour
The coronavirus (COVID-19) pandemic in France has led to travel bans and restrictions, including the quarantine of individuals. These measures have disrupted many businesses’ supply chains and operations, including factory...more
French law continues to integrate and adopt some concepts of common law legal systems. Following the French-style class action reform in 2014 and the French-style deferred prosecution agreement (“convention judiciaire...more
Starting on March 1, 2018, parties to cases in two Paris courts will be entitled to plead in English and submit documents in English before French judges, with the potential for other languages to be used—and the potential to...more
The new system strengthens the French anticorruption arsenal from this year, drawing upon the US and UK regimes....more
In our third and last LawFlash about contract law reform, we cover unforeseeability and significant imbalance.
With the entry into force, for contracts entered into after 1 October 2016, of Ordinance No. 2016-131 of 10...more
In our second of three LawFlashes about the contract law reform in France, we examine the interrogatory processes and the assignment of claims, debts, and contracts.
Ordinance No. 2016-131 of 10 February 2016 (the...more
In our first of three LawFlashes about the recent contract law reform in France, we discuss the changes to contractual nonperformance.
Entered into force for contracts concluded after 1 October 2016, Ordinance No....more
A new obligation requires parties to seek amicable resolution to a dispute before referring it to the court.
A New Obligation Entered into Force on 1 April 2015 -
Since 1 April 2015, parties to a civil or...more
The legal interest rate is the reference rate used to calculate penalties for an obligation’s late performance.
Calculated on the basis of the level of state financing on 13 weeks, the legal interest rate has decreased...more