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E-newsletter - November 2019
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The French Data Protection Authority imposes a €500,000 fine on a home insulation company for unlawful cold calling
Laure Marolleau, Esq.
Very regularly called by a home insulation company, a person who had asked the call center to stop calling and exercised her right to object decided to lodge a complaint with the French data Protection Authority. After onsite investigations and a formal notice, the French Data Protection Authority imposed on the company a €500,000 fine after redefining best practices in relation to cold calling.
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PACTE Law: Softened conditions for operating a shareholder current account
Florence Grangerat, Esq.
The shareholder current account is a corporate finance tool that is very popular among shareholders because of its ease of implementation and its neutrality with regard to the control of the company. The so-called PACTE Law No. 2019-486 of May 22, 2019 has streamlined the terms and conditions governing current account advances (i) by lifting the requirement under which the shareholders had to hold at least 5% of the company's share capital on the one hand, and (ii) by legally recognizing the validity of current account advances made by Presidents of simplified joint stock companies and by general managers and deputy general managers of joint stock companies and simplified joint stock companies on the other hand.
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The EU-Singapore free trade agreement has entered into force!
Pauline Kubat, Esq.
After the agreements between the European Union and Canada (“CETA”) and Japan (“JEFTA”), it is now the turn of the European Union – Singapore free trade agreement to enter into force. This agreement – the first free trade agreement between the European Union and a Member State of the Association of Southeast Asian Nations (“ASEAN”) – marks a further step towards the European Union's external trade openness. But what does this agreement provide for?
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The anxiety-related damage extended to all harmful or toxic substances
Constance de Courville, Esq.
An employee who provides evidence of exposure to a harmful or toxic substance generating a high risk of developing a serious disease and evidence of a personal anxiety-related damage resulting from such exposure may take action against his/her employer for failure by the latter to comply with its obligation to ensure the safety of its employees.
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“Contributor Most Read in France, October 2019” Award
We are pleased to announce that our Firm has received the “Contributor Most Read in France, October 2019” award from Mondaq, one of the largest global online advisory content suppliers. Every month, Mondaq publishes hundreds of articles by contributing firms from over 80 countries around the world and analyses its usage logs to identify which contributors and which articles were most accessed for that calendar month.
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International Perspective: Unlocking Pandora's box – pricing mechanisms on company purchases in the UK
We are pleased to publish this month a contribution entitled Unlocking Pandora's box – pricing mechanisms on company purchases in the UK, authored by Alice Gardner, Partner at the UK law firm TLT LLP. Completion accounts have traditionally been favoured as the mechanism under which a buyer and seller adjust the purchase price for a UK target company. However, what is known as a “locked box” pricing mechanism has become increasingly popular over recent years and it is important for the parties to understand how each mechanism works and who it most benefits.
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