New Law Reforming French Competition Law
October 20, 2008
Jean-Patrice de La Laurencie, Jean-Paul Tran Thiet, Juliette Goyer
DOWNLOAD PDF: New Law Reforming French Competition Law
The Law No. 2008-776 on the Modernization of the Economy (the "LME") which was passed on 4 August 2008 brings significant changes regarding merger control rules and supplier-retailer relations. Many of those changes may significantly impact the business of non-French companies that operate in France or that intend to acquire all or part of a business in France.
The most notable changes are (i) the transfer of decision-making power with regard to merger control from the Minister of the economy to a new Competition Authority which will replace the Competition Council (ii) and the abolishment of the per se prohibition of discrimination in supplier-retailer relations.
If you have any questions regarding this Alert, please contact:
Jean-Patrice de La Laurencie
Partner
+33 1 55 04 15 49
Jean-Paul Tran Thiet
Partner
+33 1 55 04 15 97
Juliette Goyer
Counsel
+33 1 55 04 15 92
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