News & Analysis as of

France

Mayer Brown

Principales mesures issues de la loi de finances pour 2026

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Le 2 février 2026, le projet de loi de finances pour 2026 (le « PLF 2026 ») a été considéré comme définitivement adopté dans le cadre de la procédure de l’article 49.3 de la Constitution. Cette version définitive du PLF 2026...more

Mayer Brown

Civil Liability - The Supreme Court of the French Judicial System Establishes a General Duty of Environmental Vigilance

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The second half of 2025 was marked by the Cour de cassation’s recognition of a general duty of vigilance in environmental matters. More precisely, by two decisions published in its official report (Cass. civ. 1st, 24...more

DLA Piper

Diritto Intelligente - January 2026

DLA Piper on

Artificial intelligence is no longer living in a legal grey zone. The contributions in this January issue of Diritto Intelligente show a clear shift: AI has moved from experimentation to accountability. The CNIL’s January...more

Sheppard Mullin Richter & Hampton LLP

French CNIL Provides Guidance on Cross-Device Cookie Consent

How and when to get consent for cross-device tracking has been a worry for many companies subject to GDPR and similar regimes. The French data protection authority, CNIL, adopted recommendations about this practice in 2020,...more

Mayer Brown

Déductibilité fiscale des honoraires d'avocats afférents à une opération de LBO

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Le Conseil d'Etat confirme la déductibilité en matière d'IS et de TVA des frais d’avocat engagés dans le cadre d'un LBO secondaire par une société mère française (cible de l'acquisition). Ces frais, bien que facturés à sa...more

Mayer Brown

Illustration de la qualification d'un siège de direction effective en France pour une société luxembourgeoise

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FAITS ET PROCÉDURE : Une SA de droit luxembourgeois (la « Société »), ayant une activité de société holding, détient des participations dans plusieurs sociétés d’un groupe français exerçant leur activité en France....more

Mayer Brown

Budget social 2026 : Augmentation du taux de CSG et pérennisation du régime social Management Package

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La loi de financement de la sécurité sociale pour 2026 augmente le taux de la CSG sur certains revenus du capital de 1,4 % et pérennise le nouveau traitement social appliqué aux gains de « Management Package »....more

Mayer Brown

Frais d’acquisition supportés par une société tête de groupe : pas de refacturation imposée aux sociétés cessionnaires en cas...

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La Cour administrative d’appel de Lyon juge qu’une société holding qui a exposé des frais liés à des acquisitions de titres de participation réalisées par ses filiales n’était pas tenue de les refacturer à ces dernières dès...more

Hughes Hubbard & Reed LLP

Hughes Hubbard Releases the 2025 FCPA Alert

Hughes Hubbard has released its 2025 FCPA & Anti-Bribery Alert. For the 17th consecutive year, this highly respected and anticipated resource provides in-house counsel and compliance professionals with a comprehensive...more

K&L Gates LLP

Open Justice and Access to Court Documents: What to Expect When Litigating in Europe

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While the United States has long embraced broad public access to court proceedings and records, many European courts have taken a more restrictive approach. ...more

McDermott Will & Schulte

UPC rules in first instance on file wrapper estoppel, doctrine of equivalence

On October 24, 2025, the Local Division Paris of the Unified Patent Court (UPC) issued its decision in Raccords et Plastiques Nicoll v. First Plast, dismissing claims for literal infringement and infringement by equivalence...more

Latham & Watkins LLP

French HATVP Opens Register on Transparency of Foreign Influence Activities

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Persons acting on behalf of foreign principals in order to influence a decision or the conduct of a public policy must declare their activities in the new register....more

McDermott Will & Schulte

French FDI review 2025: Practical lessons and regulatory outlook

The French Foreign Direct Investment (FDI) Bureau confirmed in 2025 the trends observed in 2024, notably a continued increase in the number of notifications, including a significant volume of filings linked to collective...more

Morgan Lewis

French Parliament Adopts the Social Security Financing Act for 2026

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Certain provisions of the Social Security Financing Act for 2026 will have a financial impact on companies and will encourage companies with more than 300 employees or of community (Europe/European Economic Area) size to...more

McDermott Will & Schulte

Transatlantic restructuring trends: What to expect in 2026

McDermott Will & Schulte on

It has been a tumultuous year, with modest economic growth with a continuing steady flow rather than a new wave of restructurings. Tariffs, layoffs, and industry-specific structural weaknesses are projected to constrain US...more

Hogan Lovells

Crypto-assets and Complex Products: The AMF Adapts Its Positions

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On December 8, 2025, the French financial markets authority (Autorité des marchés financiers or AMF) issued an adaptation of its positions 2010-05 and 2013-12 governing the marketing of complex financial products. This...more

DLA Piper

Redefining Workplace Performance: Should Optimism, Integrity, and Common Sense Be Used As Criteria?

DLA Piper on

In a decision dated 15 October 2025, the French Supreme Court (Cour de Cassation) had the opportunity to rule on the following question: can behavioural criteria be taken into account when assessing employee performance? ...more

Sheppard Mullin Richter & Hampton LLP

Navigating U.S. Data Privacy: A Guide for French Companies

For French companies that do business in the United States, understanding the complex privacy and cybersecurity environment is key to managing risk. This is even more important as we face rapid changes and developments under...more

Mayer Brown

Application du taux de marché à un prêt intragroupe par voie de réclamation

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Le Conseil d’Etat rend une décision sur une demande d’application de la règle dite du « taux de marché » prévue à l’article 212, I-a du Code général des impôts a posteriori sur réclamation du contribuable. Contrairement à...more

Mayer Brown

Bénéficiaire effectif et non-application d’un taux réduit de retenue à la source en présence de dividendes versés à une société...

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Le Tribunal administratif de Paris valide la remise en cause par l’administration fiscale du taux réduit de retenue à la source de 5 % prévu par la convention franco-luxembourgeoise en présence de dividendes versés à une...more

Mayer Brown

Décision du Conseil d’Etat sur l’ordre d’imputation des déficits reportables en avant

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Le Conseil d’Etat tranche la question de l’ordre d’imputation des déficits reportables en avant : il retient une imputation selon un ordre strictement chronologique et en tire les conséquences pour l’application des règles de...more

Ius Laboris

The ‘Wisdom Dividend’: France’s New Law on Experienced Employees

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Back in February, we reported on a new collective agreement aimed at promoting the employment of ‘experienced employees’ in France. On 24 October 2025, a new law was published amending several provisions of the Labour Code to...more

Hogan Lovells

France Introduces a “Fast-Track” Scheme for the Authorisation of Certain Clinical Trials

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France will introduce in 2026 a “fast-track” pathway aimed at accelerating the authorisation of certain mono-national clinical trials. Reserved in particular for early-phase studies, serious diseases without available...more

Cadwalader, Wickersham & Taft LLP

If Countries Dish Out More DSTs, Section 899 Could Be Back on the Table

A recently proposed fivefold increase to France’s digital services tax (“DST”) has reignited U.S. concerns about foreign taxes that allegedly discriminate against American companies. In a statement released on October 27, the...more

White & Case LLP

French M&A weathers political storm, with distressed deals, sectoral strength and PE driving dealmaking

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Deals targeting French companies hold steady despite widespread economic and political uncertainty - France is currently weathering a political storm, with the government effectively paralyzed since last summer’s...more

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