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Criminal Liability Corporate Sales Transactions

Morgan Lewis

Corporate Parents, Beware in France: One Can Be Liable for Another’s Doing

Morgan Lewis on

France’s highest Court (Cour de Cassation) recently ruled that an acquiring entity, in this case Iron Mountain, could be found liable for violations committed by the target, here Recall France, before the transaction. ...more

Orrick, Herrington & Sutcliffe LLP

Fusions-absorptions et transmission de la responsabilité pénale : revirement de la jurisprudence de la chambre criminelle de la...

Dans un arrêt du 25 novembre 2020, la chambre criminelle de la Cour de cassation a annoncé un revirement de sa jurisprudence en matière de transfert de la responsabilité pénale résultant d’une fusion absorption....more

Orrick, Herrington & Sutcliffe LLP

Mergers and transfer of criminal liability: reversal of the case law of the criminal division of the Court of Cassation for...

In a decision dated 25 November 2020, the Criminal Chamber of the French “Cour de Cassation” decided to reverse its case law on the transfer of criminal liability resulting from a merger by way of absorption....more

Hogan Lovells

France: Spectacular U-turn on successor criminal liability in M&A transactions

Hogan Lovells on

On 25 November 2020 the French Supreme Court (Cour de cassation) overturned its decade-long case law, ruling that corporations may now be held criminally liable for offenses committed by acquired entities prior to the merger....more

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