Looking forward | Loi Pacte: making French business great again
The Macron government speeds ahead with its reforms and bills to help favour economic development and modernization of the French model by finding inspiration in (and improving upon) what exists in other legal systems and political cultures. Next step is the Loi Pacte, intended to help companies innovate, evolve, grow, and create new jobs.
Here are the ten main goals of this law:
This is intended to favor and help small and medium sized companies.
2. Removal of the “forfait social” (employer social contributions) on profit-sharing and participation.
Incentive agreements will be facilitated for companies with fewer than 250 employees.
3. Rethinking the place of business in society.
The French Civil Code and the French Commercial Code will be amended to reinforce the consideration of social and environmental issues in the strategy and activity of companies.
4. The possibility to create businesses 100% online at a lower cost.
The life of entrepreneurs will be simplified by creating a unique online platform for corporate formalities.
5. Facilitate the rebound of entrepreneurs.
The time and costs of bankruptcy proceedings will be reduced and their predictability improved.
6. Bringing public research closer to the company.
Researchers wishing to create or participate in the life of a company will have a simpler time, in order to boost the links between public research and the private sector.
7. Facilitate the transfer of business.
The Dutreil Pact will be renovated for free transfers of companies. Business transfers to employees and the financing of the takeover of small businesses will be facilitated.
8. Simplify and ensure the portability of retirement savings products.
Everyone will be able to keep and grow their savings throughout their career and the capital outflow will be facilitated.
9. Supporting small and medium companies in export.
Regional administrations will be modified in order to allow small and medium companies easier access to the international market.
10. Protect strategic businesses
The prior authorization procedure for foreign investments in France will be strengthened and expanded to better protect strategic sectors.
The action plan will also include regulatory and non-regulatory measures as well as fiscal measures that will be incorporated into the 2019 financial project. The PACTE law will be examined by the French Parliament in September 2018.
History
-
The administration recognizes the ”right to make a mistake”
Published on : 14/09/2018 14 September Sep 09 2018NewsA law of August 10, 2018 establishes a right to make mistakes in order to imp...
-
The dismissal of the Director of a subsidiary by the director of the parent company is valid
Published on : 13/09/2018 13 September Sep 09 2018NewsWho holds the authority to dismiss someone in a company in France ? The Frenc...
-
Meal-allowances need not be worked into the calculations for holiday-pay.
Published on : 22/08/2018 22 August Aug 08 2018NewsThe employer may grant those employees who will be taking their meals at odd...
-
The signing of a second mutally agreed termination (rupture conventionnelle) after refusal by the authorities requires a new cooling-off period
Published on : 21/08/2018 21 August Aug 08 2018NewsIf, following a labour administration’s refusal to approve a mutually agreed...
-
New measures to prevent sexual harassment
Published on : 21/08/2018 21 August Aug 08 2018NewsA law passed on August 1, 2018 requires companies with at least 250 employe...
-
Impending change of legislation | Upcoming reform on headcount threshholds : passing a threashhold will only have consequences after five years
Published on : 01/08/2018 01 August Aug 08 2018NewsA bill to be debated in Parliament in the fall plans to reform the impact of...
-
Latest case law | Company groups : the tort responsibility of the parent company can be engaged
Published on : 31/07/2018 31 July Jul 07 2018NewsEven if a situation of co-employment can not be characterized, the tort of th...
-
Looking forward | Loi Pacte: making French business great again
Published on : 10/07/2018 10 July Jul 07 2018NewsThe Macron government speeds ahead with its reforms and bills to help favour...
-
Recent case law | Supreme Court to workers: your commute isn’t work
Published on : 10/07/2018 10 July Jul 07 2018NewsIn 2015, the Court of Justice of the European Union considered that in the ab...
-
New Legislation | In depth look: France tackles inscribing GDPR
Published on : 10/07/2018 10 July Jul 07 2018NewsThe new law adapts the previous text of 6 January 1978 relating to data, file...