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Publication of Ms. Cartier-Bresson’s thesis, which won an award from the University of Paris II and which analyses in great detail the behaviour of the State as shareholder from every angle, one might say. Sometimes offensive, when the public authority appropriates the techniques of the public limited company, in particular through participation in the capital of economic operators; sometimes defensive, when the State must resign itself to playing its role as a shareholder. It is at that point that competition law comes into play to encircle such conduct (see Title II of Part Two), obliging the State as shareholder to comply with the European rules on State aid and to clarify the scope and nature of its interventions, in particular in the name of the principles of transparency and the separation of the functions of operator and regulator. This book is likely to be of interest to both academics and practitioners and deserves more detailed attention in a future edition of this column.
