By Raphaël MORENON
6 June 2025
Concerted action is a key concept in stock market and company law. Often perceived as complex, it refers to a situation where several people, usually shareholders, coordinate their efforts to implement a common strategy with regard to a company. Understanding the origins and evolution of this concept is not merely an academic exercise. It is an essential step for any manager or investor wishing to navigate the intricacies of share acquisitions, public offerings and transparency obligations. Far from being static, the concept has had a winding history, oscillating between stock market pragmatism and legal construction, to finally become more widely integrated into our company law. The international roots of concerted action Although firmly rooted in French law, the concept of concerted action has its origins beyond our borders. It is the result of a dual North American and European influence, which responded to a common need...
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