France

Officially known as the French Republic, France is comprised of the territory of metropolitan France and smaller overseas regions and territories; including, French Guiana in South America and smaller islands in the Indian, Atlantic, and Pacific Oceans, make up the French Republic.

The country has long been known as a global center of art, science, and philosophy. Today, over 83 million tourists visit the country annually, making it the most visited country in the world. The country has the fifth largest economy based on nominal GDP, and the ninth largest purchasing power parity (PPP). Health, education, human development, and life expectancy rates, are all areas which the country performs well in, on international rankings. France is also one of the five permanent members, with the power to veto, of United Nations Security Council, making it one of the great global-powers. It is also an official nuclear state.

France is a leading member of the European Union and Eurozone. It is a member of NATO, the WTO, Group of 7, and the Organisation for Economic Co-operation and Development. France relies on civil legal systems to govern the country. The country is governed by statutes, and judges don’t make law, but simply enforce it in the country. The Declaration of the Rights of Man and of the Citizen strongly govern the country, with the belief that laws should be used to prohibit actions which are detrimental to society.

 

As a founding member of the United Nations, the country has strong diplomatic ties with many nations. The country is a major hub for international trade, and is the world headquarters for many headquarters for organizations including OECD, Interpol, and UNESCO. The country has close ties with reunified Germany; the country has also maintained the "Entente cordiale" with the United Kingdom. The French economy is strongly driven by its trade market. 31 of the the world’s 500 largest organizations are located in France, meaning the country is ranked fourth in the Fortune 500 worldwide. Financial services, the insurance sector, banking, and the Stock Exchange, are all major economic-drivers for the country. In 2007, Euronext (French Stock Exchange) merged with the NYSE in the US, making it a part of the world’s largest market.

Areas of French law addressed include: mergers and acquisitions; private equity; banking and finance; derivatives and market infrastructure; projects and infrastructure: restructuring and insolvency; real estate; environmental, nanotechnology, health and safety; pharma, tax; E.U. and French competition law; French public and administrative law; commercial litigation; global disputes; intellectual property; information technology, cybersecurity and data protection; supply chain; block chain;  employment law and benefits and other legal concerns.  Our French legal news includes matters of concern to a number of industries, including automotive, oil and gas, energy, tech companies, mining, chemicals, nanomaterials, pharma, financial services, telecommunications and many more.

The NLR covers legal news concerning:

  • the French Supreme Court;
  • International Centre for Settlement of Investment Disputes (ICSID);
  • Euronext Paris;
  • CFIUS Filings;
  • EU General Data Protection Regulation (GDPR);
  • the French Data Protection Authority (CNIL);
  • the French Competition Authority;
  • the French National Drug and Health Product Agency  (ANSM);
  • the European Market Infrastructure Regulation (EMIR); 
  • the French Monetary and Financial Code; 
  • the French financial markets authority Autorité des marchés financiers; 
  • the French Minister of the Economy;
  • French Law relating to Transparency, the Fight against Corruption and Modernization of Economic Life, (Sapin II Law);
  • the Autorité de contrôle prudentiel et de resolution;
  • the French Treasury and French supervisors (Banque de France, Autorité de contrôle prudentiel et de resolution, and Autorité des marches financiers) and the interaction between French law and E.U., U.S.and other jurisdictions legal systems.
Custom text Title Organization
Jun
11
2014
French 3 Percent Tax on Distributions: French Subsidiaries of Foreign Companies Should Consider Claiming a Refund McDermott Will & Emery
Jun
10
2014
G7 Leaders Tackle Growth, Stability and Tax Bases; Warn Absent Russia Covington & Burling LLP
Jun
4
2014
Availability of Biosimilar Pathways and Data/Marketing Exclusivity Globally Michael Best & Friedrich LLP
May
30
2014
French Decree Extends List of Foreign Investments That Must Obtain Prior Authorisation McDermott Will & Emery
May
22
2014
Determining Foreigners Insolvency Exception Bilzin Sumberg
May
22
2014
Foreign Investment in Africa is Booming Covington & Burling LLP
May
19
2014
Flexible Working Time Arrangements in France Morgan, Lewis & Bockius LLP
May
15
2014
Filing Obligations for Trusts in France: Annual Filing Deadline On 15 June McDermott Will & Emery
May
10
2014
Francophone Africa: Changes to OHADA (Organisation for Harmonisation of Business Law in Africa) Rules on Operating through Branches Morgan, Lewis & Bockius LLP
May
7
2014
The Case of Ophthalmic Drugs in Italy and France: A Lesson to Learn - Parallel Antitrust Investigations and Cooperation Between National Competition Authorities McDermott Will & Emery
Apr
29
2014
Did France Really Ban Work E-Mails After 6 p.m.? McDermott Will & Emery
Apr
11
2014
French Court Supports Freedom of Authentication: A Win for Art Experts Sheppard, Mullin, Richter & Hampton LLP
Apr
1
2014
Exemptions for Energy Intensive Companies From Renewable Energy Surcharges: European Commission Opens In-Depth State Aid Investigation Against France McDermott Will & Emery
Apr
1
2014
French Constitutional Court Rules on the “Florange” Law Re: Purchasers of Companies Morgan, Lewis & Bockius LLP
Mar
27
2014
France Tightens Disclosure Requirements for Large Companies, Particularly in Relation to Transfer Pricing McDermott Will & Emery
Mar
22
2014
What To Look For Down The Road: France Sheppard, Mullin, Richter & Hampton LLP
Mar
21
2014
French Employers: Only Three Months Left to Set Up a Single Database Morgan, Lewis & Bockius LLP
Feb
28
2014
France Finally Embraces Class Actions McDermott Will & Emery
Feb
21
2014
Whistleblowing and Data Privacy in France: A New Pragmatic Approach for Employment and Discrimination Claims McDermott Will & Emery
Jan
7
2014
France: Non-Cooperative States as of 1 January 2014 McDermott Will & Emery
Dec
7
2013
Paris-based International Chamber of Commerce (ICC) Launches New Mediation Rules McDermott Will & Emery
Oct
30
2013
Video Game Controller Manufacturer Scuf Gaming Files Patent Infringement Claim Against French Competitor BURN Controllers Womble Bond Dickinson (US) LLP
Oct
26
2013
Useful Facts on French Jurisdiction Morgan, Lewis & Bockius LLP
Jul
21
2013
French Administrative Supreme Court (Conseil d'Etat) Orders Change to Rules Authorizing Hydrocarbon Exploration Drilling McDermott Will & Emery
Jul
7
2013
France Enacts the Labor Law Reform Act Morgan, Lewis & Bockius LLP
Jun
14
2013
French Sunshine Act Implemented…Awaiting Guidance Faegre Drinker
Jun
13
2013
France Allows Same-Sex Marriages McDermott Will & Emery
Jun
11
2013
Total Settlement of Foreign Corrupt Practices Act (FCPA) Charges Sheppard, Mullin, Richter & Hampton LLP
Jun
1
2013
Total Settles Foreign Corrupt Practices Act (FCPA) Bribery Claims for $398M Katten
May
24
2013
The French Legal Framework Relating to Profit-Sharing Premiums McDermott Will & Emery
May
23
2013
French Sunshine Act Finally Implemented: Big Changes for the Health Care Sector McDermott Will & Emery
Mar
13
2013
French Court Ruling Calls into Question One-sided Jurisdiction Clauses Vedder Price
Mar
10
2013
United Kingdom (UK) Government Announces Proposals for an “Opt-Out” Collective Competition Damages Action McDermott Will & Emery
Feb
12
2013
Cour de Cassation, France's Highest Court, Rules on Automotive Quantitative Selective Distribution Agreements McDermott Will & Emery
Feb
4
2013
Recent French Case Law on Damages for Sudden Termination of Business Morgan, Lewis & Bockius LLP
 

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