France’s Ministry of Economy Imposes €450,000 Fine on SAS MONEXT Date: January 16, 2025 Source: economie.gouv.fr Summary: The French Ministry of Economy has imposed a €450,000 fine on SAS MONEXT, a payment services provider, for violations related to the prevention of money laundering and terrorist financing (AML/CFT). Details: The investigation revealed that MONEXT failed to … Read more
€690,000 Penalty Against Crédit Mutuel Arkéa 16 January 2025 Crédit Mutuel Arkéa was handed a €690,000 penalty by the French Competition Authority for anti-competitive practices in the mortgage loan market. The company was fined for restricting access to its mortgage brokerage services to partner real estate agents, limiting competition and harming consumers. Investigation Findings The … Read more
Senate Report Highlights Impact of AI on Legal Professions The French Senate has published a report on the impact of artificial intelligence (AI) on legal professions. The report, titled “L’impact de l’intelligence artificielle sur les professions du droit,” explores the challenges and opportunities that AI presents to the legal sector. According to the report, AI … Read more
France Enacts Special Law to Ensure State Functioning in Early 2025 Paris, France | January 16, 2025 – The Ministry of Economy and Finance announced the promulgation of a special law that will allow the French government to function effectively in early 2025. The law was passed in response to concerns about the potential impact … Read more
Letter from the DAJ – Communication from the Court of Auditors to the National Assembly on Public Policies in Favor of Industry January 16, 2025 Introduction The Court of Auditors has submitted a communication to the National Assembly on public policies in favor of industry. This communication assesses the effectiveness of these policies and makes … Read more
Letter from the DAJ: Ten-year damage insurance covers repairs of defects not repaired by the contractor after handover, despite formal notice, during the perfect completion guarantee period The “Direction des Affaires Juridiques” (DAJ) has published a letter clarifying the coverage of ten-year damage insurance. According to the letter, ten-year damage insurance covers the repairs of … Read more
French Council of State Clarifies Indemnification for Breach of Contract On January 16, 2025, the French Council of State issued a letter titled “Lettre de la DAJ” (Letter from the Administrative Litigation Department) clarifying the conditions for indemnification in cases of breach of contract. Key Points: The letter states that in order for a party … Read more
French Government Reforms Legal Framework for Health and Social Services Pricing Disputes Paris, January 16, 2025 – The French Ministry of Economy and Finance (economie.gouv.fr) has announced a significant reform to the legal framework governing disputes over the pricing of health and social services. Background The existing legal framework for such disputes has been criticized … Read more
French Government Proposes Emergency Law for Mayotte Amidst Ongoing Migration Crisis Paris, France – On January 16, 2025, the French government introduced a draft emergency bill to the National Assembly, targeting the overseas territory of Mayotte. The proposed legislation aims to address the ongoing migration crisis in the region. Background: Mayotte, an archipelago located in … Read more
2025 Industry and New Technology Watch Overview The French Ministry of Economy and Finance has released a new report titled “Veille Industrie & nouvelles technologies” (Industry & New Technologies Watch). This report provides an overview of the latest trends and developments in the industry and new technologies sectors. Key Findings Artificial intelligence (AI) is transforming … Read more