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.
London-based fashion law firm Crefovi publishes exclusive research relating to the hostile takeover of Louis Vuitton Moët Hennessy (“LVMH”) by Bernard Arnault. While the biography of Bernard Arnault entitled ‟The exterminating angel” appears, it is interesting to study the legal mechanism which enabled this astute businessman to appropriate, more than ten years ago, the control…