To mitigate the risks faced by French financial markets during this unprecedented period of disruption caused by the COVID-19 pandemic, the French Financial Markets Authority (AMF) announced on April 15, 2020, that it will...more
French companies’ annual general shareholders’ meetings season usually begins in mid-March and ends in June. The agendas typically include approving the annual financial statements and deciding on the distribution of...more
4/9/2020
/ Board of Directors ,
Coronavirus/COVID-19 ,
Distribution Rules ,
Dividends ,
EIOPA ,
European Central Bank ,
Federal Aid ,
France ,
Publicly-Traded Companies ,
Risk Mitigation ,
Shareholder Meetings ,
Time Extensions
French courts are closed for the unknown duration of the COVID-19 lockdown. Businesses facing immediate difficulties may still file for emergency or restructuring proceedings. Filings must be made electronically and hearings...more
The COVID-19 pandemic may make complying with certain statutory or contractual deadlines materially or physically impossible. To address this situation, Ordinance No. 2020-306, passed by the French government on March 25,...more
The COVID-19 pandemic, which coincides with the annual shareholders’ meetings season, raises significant concerns regarding the ability of companies, in particular listed companies, to convene their board of directors’ and...more