Charlotte GAUCHON
Post-IPO support: stabilisation and liquidity contracts
By Charlotte GAUCHON20 July 2025Going public is a decisive step for a company, but the success of the operation is not measured only on the day of the first listing. The period that follows is just as decisive in building investor confidence and ensuring the long-term value of the stock. Excessive volatility or a lack of trading can quickly damage the reputation of the newly listed company. To provide a framework for this delicate phase, financial law has made provision for specific mechanisms: stabilisation transactions and liquidity contracts. Although regulated, these tools are essential to a company's stock market life. Understanding how they work and their legal framework is essential for any manager wishing to master the consequences of his or her complete legal guide to initial public offerings. Stabilising share prices after an IPO Immediately after an IPO, a share's price can rise sharply,...
Dismemberment of share ownership: understanding the rights of the usufructuary and the bare owner
Equities, Banking and stock market lawThe dismemberment of ownership is a widely used asset management and transfer tool, particularly for company directors to organise the succession of their shares. This technique, which consists of separating the usufruct (the right to enjoy the property and receive income from it) from the bare ownership (the...Managing and transferring shares in joint ownership or dismemberment: a comprehensive guide
Equities, Banking and stock market lawOwning company shares may seem straightforward, but the situation becomes more complex when several people have rights to the same shares. Joint ownership, which is often the result of an inheritance, and ownership dismemberment, which is a wealth transfer technique, are two systems that turn managing shares into a real challenge....Autonomous guarantees and counter-guarantees in international banking law: mastering autonomy and conflicts of law
Banking and securities lawAutonomous guarantees and counter-guarantees are fundamental instruments of international trade, offering the security of payment that economic operators value. However, their complex legal nature and the multiplicity of players involved (principal, guarantor, beneficiary, counter-guarantor) create fertile ground for conflicts of law. Determining which law applies...Financing by mobilising international receivables: law applicable to factoring and cession Dailly
Banking and securities lawThe mobilisation of receivables is an essential short-term financing technique for companies' cash flow. By transferring their invoices to a financial institution, they obtain immediate liquidity. However, when this operation involves foreign partners, a tangle of legal rules arises. Determining which national law...Public order and international public policy in banking law: analysis of mandatory provisions
Banking and securities lawInternational banking law is a field in which the contractual freedom of the parties, in particular the choice of the law applicable to their agreement, is a cardinal principle. However, this autonomy is not without limits. There are rules that are so fundamental to the organisation of a State that they apply to everyone, derogating from...Consumer protection in international banking law: derogations and specific features of the Rome I Regulations and the Rome Convention
Banking and securities lawAcquiring banking products or services abroad, whether for credit, investment or simply opening an account, raises a fundamental question for any private individual or company director: what law protects your interests in the event of a dispute? The answer is far from simple, and depends on the...The law of the bank: a determining principle for interbank accounts and transactions in private international law
Banking and securities lawIn the banking sector, every international transaction raises a fundamental question: which national law should apply in the event of a dispute? The complexity of transactions, which cross borders and involve players of different nationalities, makes this question particularly sensitive. To answer this question, private international law has...Choice of law in international banking law: principles and limits of party autonomy
Banking and securities lawThe conclusion of an international banking contract raises a fundamental question: which law will apply in the event of a dispute? The answer determines the interpretation of clauses, the extent of obligations and the outcome of any disputes. In this area, European law enshrines a cardinal principle that gives considerable power to the courts.International banking law: navigating conflicts of law in banking transactions
Banking and securities lawWhen a company or individual carries out a banking transaction with a foreign player, one question quickly arises: in the event of a dispute, which law applies? This question, far from being anecdotal, is at the heart of the legal security of international transactions. The apparent complexity of the rules can be daunting, but understanding them is a...Home loans taken out before 1 July 2016: which legal regime still applies?
Mortgages, Credit and consumer lawOrder no. 2016-351 of 25 March 2016 radically changed the legal landscape for home loans in France, transposing European Directive 2014/17/EU. Essentially coming into force on 1 July 2016, this reform strengthened the protection of borrowers, particularly in terms of pre-contractual information and assessment of solvency....Defaults by mortgage lenders (Post-2016): what penalties?
Mortgages, Credit and consumer lawBuying a property is often the investment of a lifetime. In most cases, taking out a mortgage is an essential step in the process. Given the importance of this commitment, the French legislator, particularly since Order no. 2016-351 of 25 March 2016 transposing a European directive, has strengthened the protection of creditors.The annual percentage rate of charge (APR) on home loans: calculation, verification and disputes
Mortgages, Credit and consumer lawThe Annual Percentage Rate, better known by its French acronym TAEG, is a key element of any mortgage offer. It represents the total cost of the loan to the borrower, expressed as an annual percentage of the amount borrowed. Understanding its composition, knowing how to check it and knowing what to do in the event of an error is essential...Assessing a borrower's creditworthiness on a home loan: lender obligations (post-2016)
Mortgages, Credit and consumer lawGranting a home loan represents a major financial commitment for both the borrower and the lending institution. Before granting finance, the bank or lending institution is required by law to make a thorough assessment of the borrower's ability to repay the loan. This is a crucial stage in preventing over-indebtedness, and is a key factor in...Pre-contractual information in mortgages: FISE and the duty to warn (post-2016)
Mortgages, Credit and consumer lawTaking out a home loan is a decisive step in a life project, committing the borrower over a long period of time. The complexity of the offers and the financial stakes involved make pre-contractual information essential. Since the major reform of 2016, resulting from the transposition of the European directive on mortgage credit (MCD),...Home loans in France: legal framework and borrower protection (post-reform 2016)
Mortgages, Credit and consumer lawBuying a property is often the investment of a lifetime. Credit is used almost systematically to bring this project to fruition. Aware of the stakes involved and the risks to individuals, French lawmakers, spurred on by European law, have considerably strengthened borrower protection, notably through the Order of 25 March...BRRD Directive: the European framework for banking recovery and resolution
Banking and securities law, European Banking ResolutionThe 2008 financial crisis highlighted the need for better supervision of bank failures to protect taxpayers and economic stability. The European BRRD (Bank Recovery and Resolution Directive), initially adopted in 2014 (Directive 2014/59/EU) and revised by BRRD II in 2019 (Directive (EU)...The Single Resolution Mechanism (SRM): operation and role of the CRU and FRU
Banking and securities law, European Banking ResolutionAt the heart of the Banking Union, the Single Resolution Mechanism (SRM) has been set up to manage the failure of the largest banks in the participating Member States in a centralised and harmonised way. This mechanism, which is structured around the Single Resolution Board (SRB) and the Resolution Fund (RF),...Understanding European banking resolution: protecting deposits and stability
Banking and securities law, European Banking ResolutionA bank failure may seem like a distant event, but its repercussions have the potential to affect every citizen. To prevent systemic financial crises, such as the one in 2008, and to safeguard depositors' savings without taxpayers having to pay, Europe has set up the Banking Union and its supervisory mechanism...ACPR: Status, organisation and international cooperation explained
Autorité de contrôle prudentiel et de résolution, Banking and securities lawThe Autorité de Contrôle Prudentiel et de Résolution (ACPR) is a key player in the French financial landscape. Attached to the Banque de France, this authority oversees the banking and insurance sectors, contributing to financial stability and consumer protection. Understand its status, its...The ACPR's powers and sanctions: What you need to know
Autorité de contrôle prudentiel et de résolution, Banking and securities lawThe Autorité de contrôle prudentiel et de résolution (ACPR) plays a central role in the stability of France's banking and insurance sectors. Understanding the scope of its powers, from preventive measures to disciplinary sanctions, is essential for the entities it supervises. This article sets out the ACPR's prerogatives in detail, shedding light on the...
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