Section 6: Appeal procedures

Articles in this section · 2

Article L621-30

French Monetary and Financial CodeIn force

Updated 7 Nov 2023

Appeals against individual decisions of the Autorité des marchés financiers, other than those relating to the persons and entities referred to in II of Article L. 621-9, including the penalties imposed on them, shall be heard by the courts. Such appeals shall not have suspensive effect unless the court decides otherwise. In this case, the court hearing the case may order a stay of execution of the contested decision if it is likely to have manifestly excessive consequences.

Where the appeals referred to in the first paragraph of this article concern an individual decision by the Autorité des marchés financiers relating to a public offer mentioned in Sections 1 to 3 of Chapter III of Title III of Book IV, the court hearing the case shall give its ruling within five months of the date on which the appeal was lodged.

Decisions handed down by the Enforcement Committee may be appealed by the persons sanctioned and by the AMF Chairman, with the agreement of the Board. In the event of an appeal by a sanctioned person, the AMF Chairman may lodge an appeal under the same conditions.

A decree in the Conseil d'Etat shall specify the application of this article.

Mariela Petrova

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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

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

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