Liability actions against directors or the managing director, both corporate and individual, shall be barred after three years, starting from the harmful event or, if it was concealed, from its revelation. However, where the act is classified as a crime, the action shall be barred after ten years.
In the event of the opening of receivership or compulsory liquidation proceedings pursuant to the provisions of Titles III and IV of Book VI relating to the receivership and compulsory liquidation of companies, the persons referred to in these provisions may be made liable for the company’s liabilities and are subject to the prohibitions and disqualifications, under the conditions set out therein.
Where the company is subject to the provisions of articles L. 225-57 to L. 225-93 and L. 22-10-18 to L. 22-10-30, members of the Management Board are subject to the same liability as directors under the conditions set out in articles L. 225-249 to L. 225-255 and L. 22-10-73. In the event of the opening of receivership or compulsory liquidation proceedings pursuant to the provisions of Titles III and IV…
Supervisory Board members are liable for any personal faults committed in the performance of their duties. They do not incur any liability, due to acts of management and their results. They may be declared civilly liable for offences committed by members of the Management Board if, having become aware of them, they did not disclose them to the General Meeting. The provisions of articles L. 225-253 and L. 225-254 are…
It may be stipulated in the Articles of Association of any public limited company that the company is “à participation ouvrière”. Companies whose Articles of Association do not contain this stipulation may convert into worker-owned companies, by proceeding in accordance with Article L. 225-96. Companies with worker participation are subject, independently of the general rules applicable to sociétés anonymes, to the provisions of this section.
If the company uses the option of issuing worker shares, this circumstance must be mentioned on all its deeds and documents intended for third parties by the addition of the words “à participation ouvrière”.
The company’s shares consist of: 1° shares or denominations of capital shares; 2° shares known as “working shares”.
The labour shares are the collective property of the salaried staff, formed into a labour cooperative company. This labour company must and exclusively includes all employees who have been linked to the company for at least one year and who are over eighteen years of age. The loss of salaried employment deprives the participant, without compensation, of all his rights in the labour cooperative. The liquidation of the rights which…
The labour shares are in registered form, registered in the name of the workers’ cooperative society, inalienable for the duration of the workers’ cooperative society.
The participants in the société coopérative de main-d’oeuvre are represented at the general meetings of the société anonyme by proxies elected by these participants, meeting at a general meeting of the cooperative. The elected proxies must be chosen from among the participants. Their number is fixed by the articles of association of the société anonyme. The number of votes available to these proxies, at each general meeting of the société…
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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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