The following Commercial practice note Produced in partnership with Bersay provides comprehensive and up to date legal information covering:
Updated in November 2019
France is an open market economy and provides a business-friendly environment with strong public facilities and a legal framework in line with European standards.
France is one of the largest economic and leading commercial centres and serves as a major hub for businesses worldwide. For various economic and political reasons, the French economy has not been as exposed as others to the financial crisis in 2008–2009 and has not suffered to the same extent as other European countries.
There are a variety of ways of structuring an operation in France. The aim of this guide is to highlight some of the key areas that a new business will need to address before it begins to operate in France. This guide should not be considered to be an all-inclusive guide and specific French legal advice should always be sought before setting up and running a business in France.
France is the largest state in the European Union and is considered to have a well-developed economy, which is based both on strong private and public sectors. In 2019, 31 French companies were listed in the 500 largest companies in the world (Fortune Global 500 2019); for the first semester of 2019, France has been the second largest European market for venture capital investments in start-up companies (Dealroom Report, 2019).
The primary source of
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On the disposition of a property (whether by way of conveyance, transfer or charge), the party making the disposition will normally provide a title guarantee which implies standard form covenants for title. A landlord may give a title guarantee when granting a lease, but this is rare in practice.
This Practice Note covers the legal framework and regulatory guidance to be considered in determining whether an arrangement constitutes a contract of insurance and the possible consequences of carrying on activities relating to a contract of insurance without the requisite regulatory permissionsThe
The Financial Conduct Authority Handbook (FCA Handbook) includes sourcebooks to regulate the conduct of business by a regulated firm relevant to insurers: the Conduct of Business Sourcebook (COBS) and the Insurance Conduct of Business Sourcebook (ICOBS). This Practice Note considers how these
This Practice Note provides guidance on claims for ‘use and occupation’ or mesne profits, and how and when double rent or double value can be claimed.Claims for use and occupationA claim for use and occupation is possible where there is occupation of land without an express agreement fixing the
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