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All publications by Soulier Avocats

25 November 2021

COP26: What outcomes?

The 2021 Glasgow Climate Change Conference or COP26, organized by the United Nations, took place from November 1 to 13, 2021 in Glasgow (United Kingdom) as it had to be postponed for one year due to the COVID-19 health crisis.

The COP26 resulted, on November 13, in the adoption of the “Glasgow Climate Pact”, which notably allows to finalize the rules of application of the Paris Agreement but falls short of the ambitions that had been initially set.

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28 October 2021

Mismanagement by a manager who did not prompt the regularization of the shareholders’ equity: Further clarification from the French Supreme Court

The liability of the manager of a company placed in judicial liquidation is often sought on the basis of Article L. 651-2 of the French Commercial Code which allows the court, in the event of mismanagement having contributed to the company’s shortfall of assets, to decide that the amount of this shortfall shall be borne, in whole or in part, by said manager.

In a decision issued on September 8, 2021, the Cour de Cassation (French Supreme Court) has clarified the application of this Article to a manager who did not convene the shareholders to regularize the situation of the company, the shareholders’ equity of which had fallen below half of the share capital.

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