Sapin II Act’s impacts on commercial relationships
21 December 2016
Client Alert | France | Competition & Distribution
The Act No. 2016-1691 of 9 December 2016 on transparency, anti-corruption and economic modernisation (known as "Sapin II Act") was published in the Official Journal on 10 December 2016 and entered into force on 11 December 2016.
The main innovations in economic law are the following:
Multiannual framework agreement
Framework agreement in the agricultural sector
Late penalties in case of force majeure
Price revision or renegotiation clauses
International purchasing organisations
Please click on the PDF below to read the full Client Alert.