News

It has taken almost three years, but France has finally amended its online gambling legislation. Law n°2010-476 of May 12, 2010 brings to an end the monopoly enjoyed by the PMU, the French lottery group (“la Française des jeux”) and the casinos.

The generalized use of social networks creates new issues, one of such is the issue of the liabilities attached to organizing outdoor drinking parties attended by thousands of people.

Alain is involved in buy-outs, MBO, LBO, major patrimonial restructuring operations, and more generally corporate finance for international and French clients. In particular, he has an extensive experience in assisting Middle Eastern and European (Central and Eastern) clients.

Kahn & Associés is pleased to announce its cooperation with the Chinese law firm JunZeJun.

Kahn & Associés is pleased to announce that two experienced associates have recently strengthened the
Employment and HR Department, headed by David DUMARCHÉ, toward more international abilities.

Since July 1st, a system implemented for the benefit of employees whose employment contract is terminated
(except in case of gross misconduct) has come into effect.

In France, gambling, and in particular online gambling, is illegal. Three entities benefit however from an exemption
to this rule: the PMU ("Pari Mutuel Urbain") for horse racing bets, the casinos for gambling tables and slot machines,
and the French lottery group called "La Française des jeux" which holds a monopoly on lottery games.

Maïté Lavrilleux has joined Kahn & Associés as a partner in charge of the new "Restructuring" Department and of the
expansion of the corporate and transactional practices, especially in buyouts. Her skills in Restructuring will reinforce the M&A/ Corporate/ Private Equity Department.

French government's objective: to encourage election of companies for carry-back mechanism that reinforces their net
equity, and to provide them a cash advantage in 2009.

Kahn & Associés has received the Silver Trophy for the Best Specialized Team in New Technologies.

The Firm has also been awarded the status of Law Firm of the Year in Technology, Media & Telecommunications (TMT) by ACQ Finance Magazine.

The law firm of Kahn & Associés is celebrating this year its 20 years of existence. (...) The opportunity for Décideurs Stratégiques Finance Droit to take a look at the unique progression of a law firm founded by an entrepreneur.

For several years, the European legislator and the French Financial Market Authority (AMF) have been recasting share buyback programs regulations. Until recently, only companies listed on a regulated market benefited from the term of use diversity of this astonishing widely scoped mechanism.

Daniel Kahn has been invited to take part in French President Nicolas Sarkozy's State Visit to Israel from June 22 to june 24, 2008.

Kahn & Associés has been ranked by the magazine Décideurs Stratégie Finance Droit in its annual ranking of French law firms.

Many groups of companies do finance their subsidiaries through inter company loans. French tax regulations on deductibility of interest paid by French subsidiaries changed recently.

Appointments: 1 Managing Partner, 3 Partners, 1 Senior Counsel

From February 1st, 2007, smoking is banned from all work places (except from pubs and bars, casinos, gambling clubs, tobacco shops, night clubs, hotels and restaurants for which the ban on smoking will be applicable as from January 1st, 2008).

More often than ever some magistrates tend to (...) strongly advise the parties involved in a legal action to settle. It is not uncommon for the parties to meet "amicably" before him prior or following the hearings and in any casebefore the issuing of his ruling.

The French Decree 2005-829 of July 20, 2005, implementing the WEEE Directive 2002/96/EC, imposes an obligation to the producers and distributors of Electrical and Electronic Equipment (“EEE”) with regard to the invoicing relating to thesales of such products.

The current capital gain tax rate on sale of shares for individuals is 16% to which 11% social security taxes shall be added to reach a global rate of 27%. The law has reduced this global rate down to 11%, subject to a holding period.

A new way to raise capital for, and list small and mid-size companies in the Euro zone.

Listed and non-listed companies may now grant for free, subject to certain requirements (...), up to 10% of their shares to their French resident employees or corporate officers, or to those of their affiliates.

In its ministerial order dated July 28, 2005, the Delegated Minister of Industry officially launched the procedure for the grant of Wimax licenses in France (licenses to operate on a VPN – Virtual Private Network – in the 3,4 to 3,6 GHz
broadband)...

A new type of employment agreement, with flexibility: the "contrat nouvelles embauches" (CNE)