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Savings bonds: definition, legal regime and reforms (2025)
By Raphaël MORENON18 August 2025A savings bond is a financial instrument that enables a company to finance itself by borrowing directly from investors, outside the traditional banking channels. For a long time associated with a degree of opacity, notably because of its anonymous form, its legal regime has been thoroughly modernised to adapt to the requirements of transparency and security of transactions. This article provides an overview of how it works, its legal nature and the changes that have affected this type of investment. Our firm, which specialises in banking and finance law, notes that understanding these instruments is essential for both issuing companies and subscribers. For a complete overview, it should be noted that certain specific aspects, such as the taxation of savings bonds, are dealt with in dedicated articles. The legal nature of savings bonds: a constantly evolving classification The legal classification of savings bonds has long been...
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> The practice of seizing propertyA practical, chronological and exhaustive study of the implementation of a property seizure procedure.
We put all our expertise to work to achieve a simple objective: to prevent a property seizure.
Challenging a JEX decision: appeal procedures
Losing before the enforcement judge (JEX) is not an end in itself. The law provides for effective remedies against his decisions, in line with the foundations of civil procedure law and respect for the right to an effective remedy protected by the European Convention on Human Rights....Formation of a mortgage contract
Buying a property usually involves taking out a loan. This may seem like a straightforward operation, but in reality it is governed by strict rules designed to protect the borrower. The mortgage contract is not formed instantly, but follows a precise, sequenced process. Understanding these stages is essential if you are to...Credit unions: fundamental principles and legal framework
The French banking landscape includes players that are less well known to the general public, but whose economic weight remains considerable: the credit cooperatives. These institutions now account for more than two-thirds of bank financing for the French economy. Major groups such as Crédit Agricole, Crédit Mutuel and Crédit Agricole de France are...Property leasing: specific situations and special arrangements
Property leasing is a powerful financing tool, but its structure can take different forms depending on a company's needs. Unlike traditional credit, leasing combines rental and purchase options in a sophisticated legal arrangement defined by article L. 313-7 of the French Monetary and Financial Code. Controlling the...The administration of syndicated loans: legal and operational issues
Syndicated loans are an essential tool for financing large-scale projects. This technique makes it possible to spread the risk between several banks while ensuring harmonised credit management. The effectiveness of this mechanism depends on rigorous organisation and a clear definition of roles. 1. Centralised administration...Ethical banking rules: protecting private individuals
How do you navigate the jungle of bank charges? What protection is there for vulnerable customers? Under pressure from regulators and consumer associations, the French banking sector has developed a vast body of rules of good conduct. These professional standards, which are often ignored by the general public, nevertheless constitute...Auctions of boats, ships and aircraft: procedures and legal particularities
Buying a pleasure boat, merchant ship or aircraft by auction can be an excellent opportunity. However, these procedures, which come under the heading of sales by movable auction, are governed by complex legal rules that are often unfamiliar to the general public. Whether it is a forced sale after...Changes in over-indebtedness law: towards better protection for debtors
Over-indebtedness is a relatively recent phenomenon in our legal system. Since the Neiertz Act of 1989, there has been a steady succession of reforms. This constant evolution aims to adapt the law to new economic and social realities. The emergence of the law on over-indebtedness in France Over-indebtedness has not...Abandoned objects: auction procedures and rights of parties
What happens to suitcases left in a hotel for months? How can a garage owner dispose of a car that has never been recovered? The law lays down specific procedures for auctioning abandoned items, protecting the rights of both owners and custodians. 1 The legal framework...The legal framework for furniture auctions: what you need to know
The public auction, with its characteristic ritual and the hammer that seals the deal, fascinates as much as it questions. The legal framework surrounding auctions has changed radically in recent years. Since 2011, the field has been liberalised, opening up new possibilities while maintaining the necessary framework. Recent developments...
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