Information to employees in French M&A : Relaxation of requirements

French M&A transactions may require one of two employee-related procedures before the seller can enter into a binding sale agreement: direct information to employees under the so-called Hamon Law, or information and consultation of the target’s work council (comité social et économique, or CSE). Neither route gives employees or the CSE a veto, but the applicable process must be anticipated at the outset and built into the transaction timetable.

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