Petite mise au point sur les nouvelles règles en matière de communication financière qui s’imposent aux sociétés cotées – Option Finance, 29/11/2021

 

In a recent publication, posted on the AMF website, its Chairman, Robert Ophèle, made a significant contribution to the debate on stock market activism. It was then specified that this “contribution” had not been the subject of a decision by the AMF Board and that it was therefore not binding on the Authority (legal entity), so that it could not be invoked in accordance with the case law of the Conseil d’Etat, which established the enforceability of the AMF’s (official) doctrine1. This is regrettable, because it confirms in black and white the confirmation of one of our intuitions regarding the upheaval caused by the MAR Regulation.

link to website

Our last publications

French Competition Authority sanctions a predatory acquisition for the first time on the basis of abuse of a dominant position

French Competition Authority (Autorité de la concurrence) has taken a new step in applying the Towercast case law (CJEU, 16 March 2023) by sanctioning for the first time a merger transaction on the basis of abuse of a dominant position. In this article, Renaud Christol and Paul Vialard analyze the key lessons from this decision […]

| COMPETITION AND ECONOMIC LAW

+

In a ruling handed down on October 18, 2025, the CJEU ruled in Case C-2/24 P, Teva v. Cephalon v. European Commission, clarifying the conditions under which an amicable settlement agreement between patent holders and generic manufacturers can be classified as an anti-competitive agreement. In this article, Renaud Christol and Paul Vialard review the implications […]

| COMPETITION AND ECONOMIC LAW

+

AMF vs. OCABSA: Does the End Justify the Means? – Finascope 04/08/2025

As the regulator steps up its crackdown on dilutive financing, Frank Martin Laprade analyzes the AMF’s offensive strategy from a legal standpoint. Beyond the goal of protecting retail investors, he raises a fundamental question of principle in this op-ed: can legal certainty be compromised in the name of regulation? An essential read to understand the […]

Paris | CORPORATE – M&A – PRIVATE EQUITY

+