Mergers and criminal liability: dissenting view

Resource type: Legal Update: archive

Status: Published on 01-Apr-2001

Jurisdiction: France

In contradiction with the position of the Supreme Court, which recently held that the merging company in a merger could not be held responsible for the criminal liabilities of the merged company (see www.lawdepartment.net/global "Mergers and criminal liability", GC, 2001, VI(1), 68 ) the State Council held that the Financial Market Council (Conseil des Marchés Financiers) could apply a fine to the merging company for the breach of securities regulations committed by the merged company before the merger took place.

Source: State Council, 22nd November, 2000. Jacques Buhart, Franck Menand, Coudert Frères

Actions
Resource information
Show resource details Hide resource details
  • Resource ID: 5-101-4433
  • Published: 01-Apr-2001
  • Products:  PLC Cross-border, PLC Cross-border Quarterly, PLC Lawdepartment Global
Contact the team
Print
{ "siteName" : "PLC", "objType" : "PLC_Doc_C", "objID" : "1247246273914", "objName" : "Mergers and criminal liability dissenting view", "userID" : "2", "objUrl" : "http://us.practicallaw.com/cs/Satellite/5-101-4433?q=&qp=&qo=&qe=", "pageType" : "", "contentAccessed" : "true", "analyticsPermCookie" : "2-15510f70:13f5a6395eb:7e85", "analyticsSessionCookie" : "2-15510f70:13f5a6395eb:7e86", "statisticSensorPath" : "http://analytics.practicallaw.com/sensor/statistic" }