The French Supreme Court related to private matters (Cour de cassation) ruled as a ratio decidendi on 28 November 2018 that the single vote on the resolution related to an increase in share capital reserved to employees is considered satisfactory to regularize an increase in share capital not subject to a vote on a preceding general meeting. This allows the possibility for a general meeting to ratify an increase in share capital reserved to employees (due to the relativity of the nullity – nullité relative) and is in line with the spirit of company law to allow ratification as much as possible to ensure legal safety.
You might also like
About Advisory Excellence
Advisory Excellence profiles the best advisers around the globe, enabling users to quickly and easily find the expert they need in their location. All applicants are subjected to a stringent vetting process prior to acceptance.
Join Advisory Excellence
If you would like to apply for membership, simply fill out your details on our application form. If you have not heard back from us within 2 weeks of submitting the application, we are afraid that means your application has not been successful.