French M&A transactions may require one of two employee-related procedures before the seller can enter into a binding sale agreement : direct notification of employees under the so-called Hamon Law, or information and consultation of the target’s work council (comité social et économique, or CSE). Neither route gives employees or the CSE a veto, but the applicable process must be identified at the outset and built into the transaction timetable.
To view the full article please click here.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
