Since the beginning of the 1990s, listed companies specializing in the luxury and fashion sector have largely favored the subscription of stock options by their CEOs, their artistic directors and all. other employee occupying top management positions. Thus, according to Option Finance, the remunerations of the two CEOs of LVMH and L’Oréal in 2001 were…
Crefovi published this interview in the ‟special banking” supplement from International Financial Law Review (‟IFLR”) in 2003 (IFLR banking yearbook). This article summarises the state of banking and finance regulations that apply to financial services companies and banks in France, in 2003.
For several months, the French legislator and professional organisations have been working to tighten up financial analysis. The finance and banking law firm Crefovi answers the following questions. Is a more restrictive regulation vis-à-vis the people disseminating and publishing financial analysis really necessary? How compatible would these future rules be with international standards?
The Gucci Group (‟Gucci”) Pinault Printemps Redoute (‟PPR”) alliance is based on a well-known hostile takeover bid, which was played out by applying the regulations on Public Takeover Bids (‟PTB”) to the advantage of PPR, riveting the pawn to its rival Louis Vuitton Moët Hennessy (‟LVMH”).
This judgment of the commercial chamber of the ‟Cour de cassation” dated 11 February 2003 provides important details on the liability of the banker drawing a forged bank check, when the amount indicated on this check is falsified after the creation of this payment instrument.