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Increased information obligations to employees in French company takeovers threaten transaction confidentiality

France has recently introduced new rules obliging smaller companies to provide increased information to their employees regarding prospective takeovers and ownership changes and also regarding opportunities for the staff to make acquisition offers themselves. The laws are a part of the Lois sur l’économie sociale et solidaire,a scheme of reforms designed to strengthen economic social … Continue Reading

French Employer Successfully Challenges Costs Incurred By Works Council

Works Councils in France have the right under the Labour Code (Article L.2325-35) to appoint a chartered accountant to assist them with activities such as the annual review of accounts, advice on the strategic direction of the employer company and collective redundancies.  Companies are obliged to pay for the accountants in those circumstances.  If a … Continue Reading
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