France: Investment Strategy

Jusqu'ici, Maurice s'est plié au diktat de la communauté internationale et a adopté une série de réformes fiscales et structurelles pour donner plus de substance à son secteur du global business.

This memorandum discusses the current state of law concerning private placements in France, including the impact of a recently adopted Ordinance (the “Reform Act”) and amendments to the General Regulations (the “General Regulations”) of the French securities regulator, the Autorité des marchés financiers (the “AMF”).

The French government took advantage of the Ordonnance on securities reform of June 24, 2004 to introduce a new category of securities called actions de préférence, or preferred shares.