Say on Pay: CEO Departure Pay Requires Only One Ex Post Individual Vote
A recent decision of the Court of Appeal of Versailles offers important clarification on the say on pay regime and the conditions for paying departure indemnities to executives of listed companies.👉 https://www.courdecassation.fr/decision/683fd4c49fc9cbe0b56b0f7d The court addressed a practical yet sensitive question: Does the payment of a departure indemnity require multiple ex post shareholder votes, or is […]
Closing the year, reinforcing a vision
As the year comes to an end, at Exadvize, we wanted to take a moment to reaffirm what truly drives us : 👉 help legal departments regain control of their time,👉 better manage their matters,👉 bring clarity to decision-making,👉 and demonstrate the strategic value of legal expertise at the executive level. For 2026, we share a […]
Data scraping: protecting investment or hindering innovation?
Between the refinement introduced by the French Supreme Court and the fact-specific rigor of the Versailles Court of Appeal, the French position is taking shape without yet becoming settled. Automated data extraction has become a central issue in the digital economy. At the end of 2025, two major French decisions serve as a reminder that […]
Liability for insufficiency of assets: a director’s insolvency is no longer a shield.
A recent ruling of the French Supreme Court (Commercial Chamber) provides a key clarification for directors and their legal advisers.👉 Cass. com., 1 October 2025, No. 23-12.234 The Court reaffirms a principle that is well established, yet still widely misunderstood: A director ordered to contribute to the shortfall of assets is not entitled to have […]
€750k, €1.5M, €120M: the end of digital complacency
If some companies still hoped for regulatory leniency, the legal landscape at the end of 2025 leaves little room for doubt: surface-level compliance is no longer enough. Within just a few weeks, several major enforcement actions have reshaped the compliance narrative around cookies and tracking technologies. Different authorities, different legal bases but a clear and […]
Intragroup restructuring payments: when an indemnity becomes an intangible asset
When I was an in-house counsel, I saw the same scenario play out over and over again:a CFO convinced an intragroup indemnity would be treated as an immediately deductible expense,then a tax audit arrived…and suddenly the administration requalified it as an intangible asset to be capitalized. The consequence? Cash-flow shock, accounting restatements, and a long […]
Data Transfers to the US: The EU General Court Upholds the Data Privacy Framework, but is it truly enough to protect European data?
On September 3, 2025, the General Court of the European Union dismissed the action for annulment brought against the adequacy decision establishing the Data Privacy Framework (DPF).➡️ Result: the legal framework allowing data transfers to the United States is confirmed. 🔍 What exactly did the Court decide? The Court held that: US law now provides […]
Transfer of Partnership Shares & Succession: A frequent question… often misunderstood
In many family-owned structures (real estate partnerships, small holding companies, family investment entities), the same question comes up again and again: 👉 If I transfer my shares to one of my children and then pass away years later… can the other heirs challenge the transfer because it was never published? This is precisely what is […]
Newsletter or Spamming? The CJEU Redraws the Line and Companies Need to Pay Attention.
If you thought an “informational” newsletter fell outside the scope of direct marketing…❗The CJEU has just clarified that it doesn’t (Case C-654/23, 13 Nov. 2025). And this ruling significantly reshapes how freemium models, online media, and SaaS platforms can contact their users. 🔍 1. The Inteligo Case: A Free Account… but Still Direct Marketing In […]
Shareholders’ Agreements: When an Ambiguous Share Transfer Promise Becomes a Liability
In a shareholders’ agreement, a clause can look simple on paper, but turn into a legal minefield when it comes to a “promise to sell shares” tied to an employee-shareholder’s employment contract. That is exactly what the Court of Appeal of Versailles examined in its decision of July 1st, 2025, No. 23/02083.  🔍 The […]