Asset-backed credit: a relevant financing tool for companies weakened by the covid crisis19 – La lettre du trésorier, September 2020

 

As the contraction of activity caused by the health containment measures has deteriorated the balance sheet and financial performance of many companies, their access to traditional corporate financing is all the more difficult since some of them, already in debt before the pandemic, have resorted to state-guaranteed loans (PGE) to meet their immediate liquidity needs, which will also weigh negatively on their income statement in view of the expected recovery curve.

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

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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

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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

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