ARTICLE
22 February 1995

Abuse Of Law

SA
SG Archibald Andersen

Contributor

SG Archibald Andersen
France Antitrust/Competition Law
In a decision of 18 October 1994, nø 1854, the French Supreme Court (Cour de Cassation ) decided that an agreement for the lease of an entire business does not constitute a disguised sale if the owner still has the possibility to recover direct control of the business. The fact that the agreement has been followed by the sale of all the equipment necessary to the business, or that the lease payments for four years are equivalent to the valuation of the business by Tax Authorities, is not proof of a sale.

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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