Ministerial response (reponse ministerielle) No. 16642 of November 21 1994 (JOAN Q., November 21 1994, p. 5792) specifies that article 14 of Law No. 92-666 of July 16 1992 (which incorporated certain provisions of EC law into French law with respect to credit and insurance) does not allow commercial companies to label their corporate capital in ECUs. Contrarily, the Court Of Appeal of Paris (1st section B. June 6, 1994) had previously authorised a SELARL (Societe d'Exercise Liberal a Responsabilite Limitee) to label its capital in ECUs.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances. For additional information contact Claire Acard on +33 (1) 55 61 10 10. The members of ARCHIBALD ANDERSEN Association d'Avocats (S.G. Archibald and Arthur Andersen International) are registered with the Hauts-de-Seine Bar.
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