Change in Case Law Regarding the Transfer of Criminal Liability Within the Context of Merger-Absorption Transactions

Revue Trimestrielle de Droit Financier

Pascal Bine Armand W. Grumberg François Barrière Margot Sève Natalia Rotaru

Skadden attorneys discuss a recent French Court of Cassation decision holding that the criminal liability of an acquired company can now be transferred to the acquiring company in the context of a merger-absorption of public limited companies and, by extension, of simplified joint stock companies and partnerships limited by shares.