In a judgment of 4 March 2026, the Commercial Chamber ruled that the provisions of Article L. 133-21 of the Monetary and Financial Code do not protect the bank where it has not merely executed the payment order. If the bank itself prepared the transfer order based on bank details containing obvious anomalies, it may …
Cass. civ. 1ère, 9 July 2025, no. 24-19.647 In this ruling of 9 July 2025, the First Civil Chamber of the Court of Cassation made a significant reversal of case law concerning loans denominated in foreign currencies, particularly Swiss francs, imposing on banks a greater obligation of transparency regarding exchange rate risks throughout the term …
Cass. com., 12 March 2025, No. 23-23.961 In a ruling dated 12 March 2025, the commercial chamber of the Court of Cassation reiterated that the implementation of a centralised cash pooling agreement, even between companies in the same group, does not in itself allow the transfer of debt from one company to another, unless expressly …
In a ruling handed down on 18 December 2024 (Appeal no. 23-20.785), the First Civil Chamber of the Cour de cassation dismissed the appeal lodged by a lawyer challenging the professional nature of a current account opened in his name. This decision clarifies the interpretation of the rules applicable to current account agreements in a …
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On 20 November 2024, the Commercial Chamber of the French Supreme Court (Cour de cassation) ruled (appeal no. 23-15.099) on the liability of users and providers of payment services in the event of fraudulent use of a payment instruments. This ruling, which clarifies the conditions under which liability may be triggered, is in line with …
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The Court of Cassation has handed down a ruling that clarifies the issue of whether or not a current account is closed in the event of winding-up proceeding or liquidation. It now rules that the opening or pronouncement of a winding-up proceeding does not result in the closure of the debtor's current account. (Court of …
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The creditor's liability is only limited by Article L650-1 of the French Commercial Code when granting a credit. This text does not apply to the withdrawal or termination of credit.
By a decision rendered on 30 January 2019 (Commercial Chamber, 30 January 2019 No. 17-21279), the Court of Cassation qualified a guarantee. The Court of Cassation had to define whether the engagement of a company's manager was a guarantee or a on-demand guarantee. The facts were as follows, Company A owed an amount of €86,165 …
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