TITLE IV: SEMI-PUBLIC COMPANIES WITH A SINGLE OPERATION

Articles in this section · 3

Article L1541-2

French General Code of Local AuthoritiesIn force

Updated 8 Nov 2023

I. - Subject to this article, the selection of the economic operator shareholder(s) and the award of the contract to the single-operations semi-public company set up shall be carried out by a single public invitation to tender complying with the procedures applicable to concession contracts or public procurement contracts defined by the Public Procurement Code, depending on the nature of the contract intended to be concluded between the territorial authority or grouping of territorial authorities and the single-operations semi-public company.

The subsequent procedures that may be implemented when the competitive tendering procedure is unsuccessful are applicable.

II. - Candidates likely to be selected to be economic operator shareholders of the single operation semi-public company must comply with the conditions of admissibility of applications specific to the procedure applicable to the contract intended to be concluded.

III. - In addition to the information required according to the nature of the contract intended to be concluded, the invitation to tender shall include a prefiguration document, specifying the intention of the territorial authority or grouping of territorial authorities to entrust the planned operation to a single-operation semi-public company to be formed with the selected candidate.

This prefiguration document for the single-operations semi-public company includes in particular:

1° The main characteristics of the single-operations semi-public company: the share of capital that the local authority or grouping of local authorities wishes to hold; the rules of governance and the terms of control that the local authority or grouping of local authorities wishes to have over the company's activity defined, where applicable, in a shareholders' agreement; the rules for the devolution of the company's assets and liabilities on its dissolution;

2° The estimated overall cost of the operation for the local authority or grouping of local authorities and its breakdown.

IV. - The criteria for selecting the candidates are defined and assessed by the territorial authority or grouping of territorial authorities in accordance with the rules applicable according to the nature of the contract intended to be concluded with the single-operation semi-public company. The overall cost of the operation is assessed taking into account the subscription to the capital and financing of the single-operations semi-public company.

V. - At the end of the competition and the selection of the candidate, the articles of association of the single-operations semi-public company and, where applicable, the shareholders' agreement concluded are adopted and published.

VI. - The contract, including the elements provided for by the competitive tendering procedure, is concluded between the territorial authority or group of territorial authorities and the single-operations semi-public company, which is substituted for the selected candidate for the application of the award procedures provided for according to the nature of the contract.

Mariela Petrova

Need help applying this article to your situation?

A registered French Lawyer explains what applies to your business — in English, fixed fee.

within 48h

Fixed Fee

Talk to a lawyer
Common Questions

Working with a corporate lawyer in France — Q&A

Any time a strategic decision changes how the company is owned, governed or contractually bound — incorporation, fundraising, M&A, restructuring, shareholder agreements, or major commercial contracts. Earlier engagement always costs less than later remediation.

A notary (notaire) is a public officer who authenticates specific deeds (mainly real-estate transfers and certain family-law acts). A corporate lawyer (avocat) advises on strategy, negotiates and drafts company documents, and represents you in disputes. The two roles complement rather than overlap.

Yes — most of our clients are foreign suppliers, investors or holding entities. We bridge the gap between French law and your home jurisdiction's expectations and deliver everything bilingually.

The SAS (Société par Actions Simplifiée) is the default choice for most international structures: flexible governance, single shareholder allowed, no minimum capital, and works cleanly with foreign holding entities. We assess SARL, SA, SCI on the merits when the situation calls for it.

Yes — communications with a French avocat are protected by the secret professionnel (Article 66-5 of the Law of 31 December 1971). This protection is broader than the common-law attorney-client privilege and applies to written and oral exchanges.

We work on fixed fees for clearly scoped engagements (incorporation, contract drafting, audits) and on monthly retainers for ongoing advisory. Hourly billing is the exception, not the default. You always know the cost before work starts.

Typical timeline is 2–3 weeks from KYC kick-off to RCS registration, assuming standard documentation. Holding-company structures, foreign-shareholder identification or in-kind contributions can extend this — we flag the gating items at the first meeting.

Absolutely. We routinely coordinate with your in-house counsel, expert-comptable or notaire — pragmatic collaboration is the norm, not the exception. We send them everything they need to do their part without duplicating work.

Mariela Petrova

Mariela Petrova

Avocate au Barreau de Paris

Toque #C2396

15+ Years In Corporate Practice

English · French · Russian

Ready When You Are

Talk To A Corporate
Lawyer In France.

A 20–30 minute call, in English, to scope the engagement. No obligation, no preliminary fee. You will leave the call with a clear view of what the work will cover and what it will cost.

First EngagementFixed Fee

Talk to a French lawyer.

Reply within 24 hours.

Communications protected by professional secrecy — secret professionnel de l'avocat, Article 66-5 of the Law of 31 December 1971.

Continue Reading

Related corporate services in France

01 / Setup

Setting up a French company

Choose between SAS, SARL, SA or SCI — and structure your first French entity around how you actually plan to operate.

Read More
02 / Operating

French commercial contracts

Distribution, agency, supply, services and IP licences — drafted around the protections French law actually gives.

Read More
03 / Disputes

Business disputes & litigation

Shareholder conflicts, commercial breaches and pre-litigation strategy — handled by the same team that knows the file.

Read More