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The Court of Cassation has reiterated the basis on which a carrier may be liable where a passenger falls during disembarking operations, in accordance with Article 17 of the convention, which applies to domestic transport within EU member states. The decision should reassure both domestic and international carriers as to the manner in which French courts will apply Article 17.
The French M&A community has welcomed the publication of an order significantly amending Article 1843(4) of the Civil Code relating to the determination of the transfer price of securities by an independent expert in case of disagreement between the seller and the buyer. However, some uncertainties still remain and will need to be clarified by case law.
Employment & Benefits
'Fake chairperson' frauds involve a fraudster impersonating a senior company employee (eg, by appearing to use his or her email address) and asking another employee to make a confidential and urgent wire transfer to a specified bank account. Employers can take a number of steps to reduce the risk of employees being taken in by fake chairperson frauds and to tackle such fraud should it occur.
Energy & Natural Resources
France initiated a process for renewing hydropower concessions in 2010, with several European utilities expressing interest in bidding for these concessions. However, the process slowed down and was finally interrupted in 2012 by a change in parliamentary majority. Nine years after the first steps were taken to liberalise the system at the request of the European Commission, this year could mark the difficult birth of the reform.
For more information, please contact:
Tom Gillett, Manager
International Law Office
New Hibernia House
London, SE1 9AG
Tel: +44 20 7234 0606
Fax: +44 20 7234 0808