Partner
Analysis & trends
Sapin II Act’s impacts on commercial relationships
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
- Payment period
- Late penalties in case of force majeure
- Price revision or renegotiation clauses
- International purchasing organisations
- Increased penalties
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