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Article L321-23 of the French Commercial code

The Conseil des maisons de vente comprises a Sanctions Committee made up of three members, appointed for a term of four years by the Minister of Justice: 1° A member of the Conseil d’Etat, active or honorary, appointed on the proposal of the vice-president of the Conseil d’Etat; 3° A person who has ceased practising the activity of voluntary sale by public auction within the last five years. Alternate members…

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Article L321-23-1 of the French Commercial code

A magistrate from the judiciary is appointed to perform the duties of Government Commissioner to the Conseil des maisons de vente. The Government commissioner is assisted by a person who has not been involved in voluntary sales by public auction for less than five years. The Government Commissioner investigates claims made against the persons mentioned in articles L. 321-4 and L. 321-24. It may propose an amicable solution to disputes…

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Article L321-23-2 of the French Commercial code

I.-Any breach of the laws, regulations or professional obligations applicable to the persons mentioned in I and II of article L. 321-4 and to persons authorised to manage sales pursuant to the first paragraph of article L. 321-9. The limitation period is three years from the date of the breach. However, if the person concerned is the perpetrator of acts that have given rise to a criminal conviction, the action…

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