When case law “punishes” mergers
The Criminal Division of the Court of Cassation, CJEU, Council of State, AMF Enforcement Committee, ACPR Enforcement Committee, etc. The French and European courts consider offences committed by a company giving rise to fines and confiscation are, in many cases, automatically passed on to the acquiring company in the context of a merger. This could lead to certain changes in the strategic choices made by players in the banking, insurance, and financial markets in their restructuring and external growth operations. The article by our contributor, Philippe GIANVITI, published on Finascope takes stock of the case law and the issues at stake.
#Mergers
#Acquisition
#Restructuring
#Banking
#Insurance
#financialmarkets
#Sanctions