I. – Legal entities declared to be criminally liable, under the conditions set out inarticle 121-2 of the French Criminal Code, for the offences defined in articles L. 465-1 to L. 465-3-3 of this Code shall incur, in addition to the fine set out inarticle 131-38 of the French Criminal Code, the penalties set out in article 131-39 of the same Code. The fine may be increased to 15% of…
I. – The Financial Public Prosecutor may not initiate public proceedings for the application of the penalties provided for in this section when the Autorité des marchés financiers has served a statement of objections in respect of the same facts and the same person pursuant to Article L. 621-15. The Autorité des marchés financiers may not issue a statement of objections against a person in respect of whom the public…
The penalties applicable to breaches of the obligation to disclose significant shareholdings are set out in 1° and 2° of I and III of article L. 247-1 and in article L. 247-2 of the French Commercial Code, reproduced below: ” I. – The chairmen, directors, managing directors or managers of any company are liable to two years’ imprisonment and a fine of 9,000 euros if they: 1° fail to mention,…
The competent judicial authorities hearing proceedings relating to offences involving companies whose securities are admitted to trading on a regulated market or offered to the public on a multilateral trading facility, or to offences committed in connection with transactions on a market in financial instruments or assets referred to in II of Article L. 421-1, may, at any stage of the proceedings, request the opinion of the Autorité des marchés…
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is a Registered Trademark of
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182, rue de Rivoli
75001, Paris France
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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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