France

Briefings in English - 2008

Directive 2005/68/CE on reinsurance (the Directive) came into force on December 10, 2005. However, as is always the case for European directives, Members States were given time to implement it.The corresponding deadline for implementation was December 10, 2007.The main objective of the Directive was to introduce a minimum level of harmonised prudential supervision of reinsurers across the European Union, in advance of Solvency 2 which will apply to all insurers. Before the Directive, there was no European regulation addressing the prudential supervision of reinsurance business and the corresponding legal frameworks (if any) of the Member States were inconsistent and therefore inefficient from a single market perspective. This article first appeared in the International Reinsurance Review 2008/09, published in July 2008. (November 2008)

The French securitisation vehicle known as the fonds commun de créances (FCC). has been recently amended, which came into force in June 2008. The aim of this article is not to detail every new feature of the French legal framework but to highlight the most interesting practical implications of this reform. by Hervé Touraine, Freshfields Bruckhaus Deringer LLP. (Euromoney - Global Securitisation Review 2008/09)

The French government’s declared objective of this reform is to implement measures to restore the competitiveness of the French seaports from their current state. The main features of this reform are: redefinition of the role and responsibilities of the autonomous ports (ports autonomes), renamed ‘major seaports’ (grands ports maritimes); and the regrouping of all terminal operation activities that could be exercised by independent port operators. (July 2008)

The UK and France have signed a new double taxation treaty (DTT). It is hoped that, unlike the treaty signed in 2004, this DTT will shortly replace the 1968 UK-France treaty. This briefing examines how multiple taxation can arise and the role of DTTs in mitigating this difficulty; discusses the key ‘mainstream’ provisions of the new UK-France DTT compared with those in the 1968 treaty; and considers the new DTT’s more novel features. (July 2008)

Covered bonds technology: an alternative to existing financing and refinancing techniques. This chapter first appeared in Global Securitisation and Structured Finance 2008, published by Globe White Page Ltd. (June 2008)

The International Comparative Legal Guide to: Environment Law 2008 Members of our EPR group produced the following comprehensive legal analysis of environmental laws and regulations which appeared in the fifth edition of The International Comparative Legal Guide to: Environment Law 2008; published by Global Legal Group Ltd, London (www.iclg.co.uk).

Libertés – Discrimination; Contrat de travail; Rupture du contrat; Restructurations; Représentation du personnel.

Briefings in French - 2008

Principaux aspects juridiques et fiscaux (Decembre 2008)

Dès 2013, les entreprises européennes risquent de devoir payer leurs quotas d’émissions de CO2. Il faut impérativement qu’elles soient fixées au plus vite pour pouvoir s’y préparer, avertit Vincent Brenot, avocat au cabinet Freshfields Bruckhaus Deringer LLP, spécialiste du droit de l’environnement et des secteurs de l’énergie et des infrastructures. (Juillet 2008)

La réforme tant attendue du statut des ports maritimes français vient enfin d’aboutir par l’adoption de la loi n° 2008-660 du 4 juillet 2008. L’objectif affiché par le gouvernement est de mettre en place les aménagements nécessaires afin de restaurer la compétitivité très dégradée des ports français. Les principales caractéristiques de cette réforme sont : la redéfinition des ports autonomes rebaptisés ‘‘grands ports maritimes’’ et le regroupement des activités de manutention, qui pourront être exercées par des opérateurs portuaires indépendants. (July 2008)

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