A French company that transfers its registered office to the United Kingdom after Brexit does not automatically lose its legal personality or automatically transfer its assets to the newly created foreign company. The Court of Cassation confirms that, in the absence of a legal framework or a bilateral agreement for cross-border transfers of registered offices, …
Court of Cassation, Commercial Chamber, judgment of 7 May 2025, appeal no. 23-24.041 In this ruling of 7 May 2025, the Commercial Chamber of the Court of Cassation clarified the limits of the control that a judge may exercise over the mission of an expert appointed pursuant to Article 1843-4 of the Civil Code for …
Court of Cassation, Commercial Chamber, 7 May 2025, appeal no. 23-15.931 “The shareholders have an individual right to seek compensation for the damage suffered by the company, which is not affected by the company's concurrent action.” The facts In a ruling handed down on 7 May 2025, the Commercial, Financial and Economic Chamber of the …
Cass. com., 12 March 2025, no. 23-22.372 In a ruling handed down on 12 March 2025, the commercial chamber of the Court of Cassation confirmed that, under the statutory community of property regime, the husband of a spouse who has made a contribution to a company with joint assets can claim the status of partner …
On 12 February 2025, the commercial, financial and economic chamber of the Court of Cassation handed down a ruling dismissing the case between Mr X and the company MJM and the companies So Ca Sport and City Sport (appeal no. 23-22.414). This ruling deals with the question of the takeover of a contract by a …
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The Criminal Chamber of the Court of Cassation, in a ruling dated 12 February 2025 (appeal no. 23-86.857), ruled on the question of the criminal offence of not submitting accounting documents to the shareholders' meeting and then on the shareholder action brought by a shareholder for the damage suffered by the company. The obligation to …
Lire la suite de Criminal penalty for failure to publish company accounts and shareholders action
Cour de cassation, com, 29 January 2025, no. 23-20.836 The paulian action can be implemented when an easily seizable asset is replaced by a sum of money that is easier to conceal. This decision is a reminder that the paulian action is not conditional on proof of the debtor's apparent insolvency. Background and facts The …
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On November 27, 2024, the French Supreme Court ruled that simplified joint stock companies (SAS) must disclose accounting documents for share valuation during judicial examinations. This decision underlines the necessity of transparency and compliance in corporate disputes, emphasizing the role of expert appraisals and the importance of clear valuation mechanisms in company agreements.
On November 15, 2024, the Plenary Assembly of the Cour de Cassation issued a landmark decision (case no. 23-16.670) regarding majority requirements in the general meetings of Simplified Joint-Stock Companies (named SAS). This ruling resolves a long-standing debate between the contractual freedom of SAS articles of association and adherence to fundamental principles of collective governance. …
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