LEGAL PRACTICE: DISCLOSURE OF INFORMATIONS – SECURITIES LAWS – INVESTIGATIONS – LENIENCY – TRANSACTION

Disclosure of information of public companies and competition proceedings

This article is an analysis of the implications for public companies of having to disclose information in relation to antitrust proceedings pursuant to applicable securities laws. It also provides practical advice at each stage of the proceedings, on how and when to disclose this information.

*This article is an automatic translation of the original article, provided here for your convenience. Read the original article. 1. What could be more opposed than a duty to inform and a contentious procedure marked by discretion? However, listed companies that are the subject of litigation proceedings before the European Commission (the "Commission") and the Competition Authority must nevertheless reconcile the sometimes conflicting stock market and competition rules and find a middle way that meets the requirements of each regulator (including the Autorité des marchés financiers[, the "AMF"]) and protects the company, its shareholders and its stakeholders at the same time. In this area, there are many cases of conflict that can have far-reaching consequences. An issuer may be faced

Access to this article is restricted to subscribers

Already Subscribed? Sign-in

Access to this article is restricted to subscribers.

Read one article for free

Sign-up to read this article for free and discover our services.

 

PDF Version

Authors

  • Niddam-Drouas Avocats (Paris)
  • Watson Farley & Williams (Paris)

Quotation

Marie de Drouas, Arnaud Félix, Disclosure of information of public companies and competition proceedings, May 2016, Concurrences N° 2-2016, Art. N° 78806, pp. 259-265

Visites 446

All reviews