Business creator share warrants may be allocated under the conditions and according to the procedures set out in article 163 bis G of the French General Tax Code.
Each debt security represents a claim on the legal entity or securitisation fund which issues them. By way of derogation from article 1349 of the French Civil Code and article L. 228-74 of the French Commercial Code, debt securities may be acquired and held by their issuers for the purpose of promoting their liquidity and, in the case of the securities referred to in 3° below, may be subscribed or…
Negotiable debt securities are financial instruments issued at the issuer’s discretion, negotiable on a trading platform referred to in Article L. 420-1 or over-the-counter, each of which represents a debt right.
Negotiable debt securities are recorded in a securities account held by an intermediary referred to in article L. 211-3 or in a shared electronic recording system referred to in the same article.
The following are authorised to issue negotiable debt securities: 1. Credit institutions, investment firms and the Caisse des Dépôts et Consignations, subject to compliance with the conditions laid down for this purpose by the Minister for the Economy; 1 bis. Finance companies, subject to compliance with the conditions laid down for this purpose by the Minister for the Economy and provided that the proceeds of these issues do not constitute…
Before issuing negotiable debt securities for the first time, issuers must prepare financial documentation covering their business, their economic and financial situation and the issue programme. This financial documentation, drawn up in French, is filed with the Banque de France, which is responsible for ensuring that issuers comply with the issuance conditions set out in Article L. 213-3. A decree shall lay down the conditions for the application of this…
The issuer may not pledge any of its own negotiable debt securities.
Bonds are negotiable securities which, in a single issue, confer the same debt rights for the same nominal value.
The issue of batch bonds must be authorised by law. Any issue made in breach of the provisions of this article shall be null and void. Without prejudice to liability claims against corporate officers, the public prosecutor and any interested party may bring an action for nullity.
Any act which interrupts the limitation period for interest in respect of one of the holders of bonds issued in France by any private or public body, commercial or civil company, whether French or foreign, benefits the other bondholders of the same loan. The same act also interrupts the limitation period for taxes and duties that may be due to the Treasury on the interest referred to in the first…
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is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
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is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
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