[Energy] France’s new green hydrogen support mechanism: an opportunity for European players?

France’s new green hydrogen support mechanism: an opportunity for European players?   Wind, photovoltaic and biomethane industries have benefited from support mechanisms which have helped the sector to develop. The hydrogen industry is now to receive government support to speed up its development. In France, the government has announced a €4 billion plan to develop…

[RESTRUCTURING] Transposition in France of the Restructuring and Insolvency Directive: evolution or revolution for creditors and equity holders?

After the transposition of the Directive, French insolvency law, which was already on the right page with respect to pre-insolvency proceedings, now meets international standards. Following the Directive verbatim, French law introduced the creditors’ vote in classes, whereby creditors can be crammed down, including cross-class cram-down. Moreover, equity holders can be allocated to a class…

[COMMERCIAL TOWN PLANNING] Dark stores, city centres’ new business model

In the wake of the health crisis and new purchasing habits, “quick commerce”, i.e. the delivery of orders placed online within an extremely short time, has strongly developed in French main cities. This model requires dedicated storage and preparation facilities located in densely populated areas. These warehouses, known as “dark stores”, have notably been set…

The ICC Expedited Procedure Provisions four years after their entry into force – a success story

Four years ago, the International Chamber of Commerce’s Expedited Procedure Provisions (EPP) entered into force. An impressive number of 261 cases have been conducted under the EPP since, allowing faster and more efficient proceedings. Our partner Detlev Kühner explains the reasons for this success in our latest newsletter:   Prior to giving a feedback on how the EPP…

[Trust & Trustees] Contributions to charitable foundations – French tax perspective

Abstract Gifting assets to foreign charitable foundations could constitute a taxable event in France under French gift or inheritance tax. Such gifts thus require careful planning, as, depending on the localization and nature of that foreign charitable foundation, they might be taxed in France and hence jeopardize the initially intended charitable project, at least from…