The French Ordinance no. 2024-662 dated July 3, 2024, on the modernization of the regime governing alternative investment funds (the Ordinance) represents a major step forward. This has been long called in the Paris...more
L’ordonnance n°2024-662 du 3 juillet 2024 portant modernisation du régime des fonds d'investissement alternatifs (l’ « Ordonnance ») constitue une avancée majeure, longtemps réclamée par les acteurs de la place de Paris, en...more
Introduction -
The “Projet de loi relatif à l’industrie verte” (green and sustainable industry draft law, hereinafter the “Bill”) was approved on 17 May 2023 by the French “Conseil des Ministres”, a weekly meeting of...more
French Financial Markets Authority, Enforcement Committee (Commission des sanctions), Decision No. 4 dated 26 April 2022 (SAN-2022-05)
The Enforcement Committee of the French Financial Markets Authority (Autorité des...more
France has now introduced a new restructuring tool following the enactment of Ordinance 2021- 1193 (the “Ordinance”), which incorporates the Directive (EU) 2019/1023 on preventive restructuring frameworks (the “Directive”)...more
11/12/2021
/ Absolute Priority Rule ,
Commercial Bankruptcy ,
Cramdown ,
Creditors ,
Debtors ,
EU ,
Financial Distress ,
Financial Solvency ,
France ,
Insolvency ,
Restructuring
Dechert partnered with Getting the Deal Through and Law Business Research on their annual Market Intelligence Private Equity Guide. The 2020 Guide invites leading practitioners to reflect on evolving legal and regulatory...more
The Autorité des Marchés Financiers (AMF) on 11 March 2020 published a doctrine (Position/Recommendation DOC-2020-03) imposing obligations on asset managers with the aim of ensuring that information they provide to investors...more
8/8/2020
/ AIFs ,
AMF ,
AMF Doctrine ,
Communication Restrictions ,
Environmental Social & Governance (ESG) ,
France ,
Investment Funds ,
Management Companies ,
New Rules ,
Shareholders ,
UCITS
In our OnPoint dated 20 May 2020, we explained the new requirements that the French regulator (Autorité des Marchés Financiers (“AMF”)) has imposed on asset managers with the aim of ensuring that information they provide to...more
7/27/2020
/ AIFMD Passport ,
AIFs ,
AMF ,
Asset Management ,
Environmental Social & Governance (ESG) ,
France ,
Marketing ,
New Rules ,
Retail Investors ,
SFDR ,
Sustainable Finance ,
UCITS
AMF Doctrine relating to sustainable finance and investor information in the collective management industry -
In this OnPoint, we report on new measures required by the French regulator (Autorité des Marchés Financiers...more
The secondary market has experienced rapid growth over the past decade, and that growth has been particularly fast in the last five years. The most striking feature of this growth is the general partner (GP)-led secondary...more
10/22/2019
/ Asia ,
Complex Corporate Transactions ,
Conflicts of Interest ,
EU ,
Fiduciary Duty ,
Financial Regulatory Agencies ,
Financial Services Industry ,
France ,
General Partner ,
General Partnerships ,
Investment Funds ,
Limited Partnerships ,
Liquidity ,
Private Equity ,
Risk Management ,
Secondary Markets ,
Securities and Exchange Commission (SEC)
A parliamentary amendment, introduced in Finance Bill 2019 and adopted on December 28, 2018 (Holroyd Amendment), completes the favorable tax framework offered to foreign fund managers considering relocation to France, by...more
President Macron announced his will to conduct meaningful reforms which could have a significant positive impact on the economy and the French M&A market. ...more