A parent company which, in a letter of intent, undertakes to do "what is necessary to ensure that its subsidiary respects its commitments and has sufficient cash" grants to the bank a guarantee with an obligation to achieve a fixed result.
Catégorie : International
Ajout de deux nouvelles mentions obligatoires sur les factures en France
Les factures, en droit français, doivent contenir plusieurs mentions spécifiques définies par l'article L441-9 (ancien article L441-3) du Code de commerce. La liste des mentions obligatoires a été allongée avec l’ajout de nouveaux éléments. Cette nouvelle réglementation est applicable depuis le 1er octobre 2019.
Invoices in France must include two new mandatory statements
Invoices, under french law, need to contain specific information defined by article L441-9 (previously article L441-3) of the French commercial code. Two new items have been added to the list of mandatory information. This updated provision is applicable since the 1st of October 2019.
Calculating indemnities for the sudden termination of established commercial relations.
Disputes concerning the sudden termination of commercial relations firstly raise the question of the reasonable notice period. This first question is already complex and can lead to long debates. If the sudden or brutal termination is established, the damage resulting from this termination must also be assessed. The assessment of indemnities is also a source of …
Is the sports agent’s mandate concluded by e-mail exchanges null and void?
By a decision of 11 July 2018 No. 17-10458, the Court of Cassation (french civil superior court) ruled on a dispute on the validity of a contract concluded between a football club and a sports agent which was concluded by exchanging e-mails. A sports agent company initiated proceedings against a professional football club to …
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How many signatures for a person intervening in an act in a dual capacity?
In practice, it often happens that a person intervenes in a contract in several positions. It may indeed be that the same person intervenes on his own behalf and on behalf of another person (company, association, other natural person, etc.). The question then is whether the person must sign one or several times. This decision …
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Arbitration: the support judge is not the guardian of the arbitration rules
The support judge does not have general jurisdiction to decide all disputes arising during the arbitration process. It is only competent to provide, on a suppletive basis, the constitution of an arbitral tribunal in case of risk of denial of justice. The support judge does not have jurisdiction to rule on a dispute relating to the wrongful performance by an arbitration institution of the contract of organization of the arbitration. This debate is within the jurisdiction of the common law jurisdiction.
Arbitrage : le juge d’appui étatique n’est pas le gardien de l’application du règlement d’arbitrage
En matière d’arbitrage international, le juge d’appui de la procédure arbitrale est le président du tribunal de grande instance de Paris lorsque l’une des parties est exposée à un risque de déni de justice. Le juge d’appui n’est pas investi d’une compétence générale pour trancher tous les litiges survenant au cours de la procédure d’arbitrage. …
Sudden termination of a supplier / distributor relationship : tort or contractual ?
The Court of cassation applying the CJEU case law ruled that "an action for damages founded on an abrupt termination of a long-standing business relationship is not a matter relating to tort, delict or quasi-delict within the meaning regulation 44/2001 if a tacit contractual relationship existed between parties." (Cour de cassation, Commercial chamber, September 20, 2017 …
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Sudden termination of commercial relations: A pragmatic approach from French Courts
A distributor who was able to continue working normally during a reasonable notice delay with its remaining stock cannot claim indemnities for a wrongful or brutal termination. A decision of March 1, 2017 from the French Civil and commercial supreme Court highlights the pragmatic approach of French judges when ruling on a claim for indemnities …
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