News & Analysis as of

Penalties France

McDermott Will & Schulte

Cooperate, protect, and challenge: Responding to dawn raids conducted by EU competition authorities

Dawn raids conducted by antitrust authorities are stressful events. Among other issues, the ensuing investigations consume significant time and effort and often result in high fines for the companies involved. It is therefore...more

Latham & Watkins LLP

France Reforms Class Actions Regime

Latham & Watkins LLP on

The new legislation facilitates easier access to class actions for litigants, which should lead to an increase in the use of class actions in the coming years....more

Morgan Lewis

France Moves to Reform Gender Equality Index by 2027: What Companies Need to Know

Morgan Lewis on

The French government has confirmed a complete overhaul of the Gender Equality Index to comply with European Directive 2023/970 on pay transparency, which will be implemented in full by 2027. The introduction of seven new...more

Mayer Brown

Caractérisation d’un établissement stable dans le domaine du digital en présence d’une activité occulte

Mayer Brown on

Le Conseil d’Etat confirme l’existence d’un établissement stable et caractérise une activité occulte en l’absence de déclaration de cet établissement en France par application de l’article L. 169 du Livre des procédures...more

Morgan Lewis

Undeclared Work Among Subcontractors: Ensuring Compliance and Managing Social Contribution Reassessment

Morgan Lewis on

In France, combating against undeclared work remains a priority due to the estimated loss in contributions which amount to between 7 and 9 billion euros per year. In 2024, the Urssaf (the French social security collection...more

WilmerHale

UK, French, and Swiss Enforcement Authorities Announce New Alliance

WilmerHale on

Anti-bribery and corruption agencies in the UK, France and Switzerland today announced a shared commitment to tackling international bribery and corruption, by way of a new taskforce intended to strengthen collaboration....more

Morgan Lewis

The Contribution for Economic Justice: A Move Toward a Fee-Based Approach to Commercial Justice?

Morgan Lewis on

Since January 1, 2025, the economic activity courts have replaced 12 commercial courts on an experimental basis, and a financial contribution for economic justice has been introduced. French commercial justice has just...more

Holland & Knight LLP

A Closer Look at California's Recently Passed Responsible Textile Recovery Act of 2024

Holland & Knight LLP on

With Gov. Gavin Newsom's signature in late September 2024, Senate Bill (SB) 707, the Responsible Textile Recovery Act of 2024 (the Act), made California the first state to adopt the Extended Producer Responsibility (EPR)...more

White & Case LLP

Practical and legal implications in France following the EU harmonization of enforcement and penalties for sanctions violations

White & Case LLP on

On 24 April 2024, the EU adopted a new directive (Directive (EU) 2024/1226 of the European Parliament and of the Council) which establishes EU-wide rules for defining criminal offences and penalties related to the violation...more

King & Spalding

France – New Offense of Providing Instruments to Facilitate Tax Fraud

King & Spalding on

The fight against tax fraud occupies a central place in the French Finance Act for 2024. Among the various proposals is the new Article 1744 of the French tax code, which creates the offense of making instruments...more

Hogan Lovells

The DGCCRF can now accompany its injunctions to comply with French Consumer Law with daily penalties

Hogan Lovells on

Since 11 June 2023, the French Directorate General in charge of Competition, Consumer Affairs and Fraud Control (“DGCCRF”) can accompany its injunctions to comply with certain provisions of the French Consumer Code with daily...more

Foley & Lardner LLP

France’s New Influencer Law Adopted June 1, 2023

Foley & Lardner LLP on

In today’s social media era, influencer marketing has become an integral part of brand promotion and consumer engagement. Recognizing the growing impact of influencers and the need for greater transparency across social media...more

A&O Shearman

Airbus Agrees Record-Breaking €3.6 Billion Settlement to Avoid Prosecution

A&O Shearman on

On 31 January 2020, Airbus SE (Airbus) reached final agreements with the French Parquet National Financier (PNF), the U.K.’s Serious Fraud Office (SFO) and the U.S. Department of Justice (DoJ) in order to resolve...more

The Volkov Law Group

Airbus Agrees to Pay $4 Billion in Global Settlement of Foreign Bribery and ITAR Violations (Part I of IV)

The Volkov Law Group on

In a blockbuster case, the Justice Department announced a global settlement with Airbus SE, a manufacturer of civilian and military aircraft, under which Airbus agreed to pay over $4 billion (yes, with a “B”) to resolve...more

Thomas Fox - Compliance Evangelist

Airbus Settlement: Part 1 – Introduction

Last week, Airbus SE (Airbus) settled a long-standing corruption scandal by agreeing to enforcement actions in three countries; France, the United Kingdom and the US. The matter involved a massive, worldwide, long running...more

White & Case LLP

GDPR Guide to National Implementation: France - A practical guide to national GDPR compliance requirements across the EEA

White & Case LLP on

Q1/ Applicable legislation - (a) Have the requirements of the GDPR been addressed by introducing a new law, or by updating existing legislation? Old legislation has been updated....more

BCLP

France: New Civil Penalties for Errors or Omissions of the Annual Percentage Rate (Taux Effectif Global)

BCLP on

French Ordinance No. 2019-740 of 17 July 2019 standardized the civil penalties applicable to errors (or omissions) in the calculation of the Annual Percentage Rate or, as it is known in French, the Taux Effectif Global (TEG)....more

White & Case LLP

Foreign Investments in France: new legislation expands and strengthens the national security review mechanism (Updated)

White & Case LLP on

New legislation broadens the scope of foreign investments control review in France and reinforces the sanctions in case of infringement. As a next step, French authorities are likely to adopt new regulations by the end of...more

Cozen O'Connor

Société Générale’s $1.34 Billion Penalty Highlights the Importance of a Robust Compliance Function

Cozen O'Connor on

On November 19, 2018, the Paris-based bank Société Générale SA announced that it has agreed to pay a total of $1.34 billion in penalties as part of its settlement with federal and state authorities to resolve U.S. sanctions...more

Hogan Lovells

Right to make mistakes and to request a review: no more penalties for a first mistake in administrative declarations

Hogan Lovells on

On 12 August 2018, the law n° 2018-727 for a State at the service of a trusted society (loi pour un Etat au service d'une société de confiance) entered into force. This text provides for a series of measures aiming to...more

Perkins Coie

France’s Foreign Public Corruption Law (Article 435-3)

Perkins Coie on

The chart traces the flow and logic of Article 435-3 (proscribing foreign corruption), discusses the Government’s 2015 anti-corruption “Compliance Guidelines,” and summarizes the pending anti-corruption legislation. ...more

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