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
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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...
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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...
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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...
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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...
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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...
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New Legislation | In brief: France aims for gender equality in the work place
Published on : 10/07/2018 10 July Jul 07 2018NewsAfter consulting the social partners on issues of equal pay and gender violen...
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Do’s & Don’ts | This month: Reducing headcounts: the RCC guidebook
Published on : 10/07/2018 10 July Jul 07 2018NewsNewsletter / Do’s and Dont’sThe Macron labor law reform created a new way to implement downsizing on a vo...
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Liability of the parent company in redundancies due to faulty interference
Published on : 25/06/2018 25 June Jun 06 2018NewsEven when a co-employment situation cannot be characterized, it’s still possi...
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Upcoming reform in the employee savings: mesures to develop employee savings in small and medium-sized companies will be presented by the government mid-June. The draft law will then be submitted to parliament.
Published on : 15/06/2018 15 June Jun 06 2018NewsA bill to promote the growth of employee savings plans should be presented to...
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Mobile employees : the home-client commute is not paid as working time
Published on : 15/06/2018 15 June Jun 06 2018NewsIn 2015, the Court of Justice of the European Union considered that in the ab...