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Article L1621-4

French General Code of Local AuthoritiesIn force
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Updated 8 Nov 2023

I. - The Caisse des dépôts et consignations is authorised to receive the resources of the fund for the individual right to training of local elected representatives referred to in article L. 1621-3. It manages these resources with a view to financing the rights acquired by local elected representatives under their individual right to training.

It may receive financial contributions from local authorities and public establishments for inter-municipal cooperation with their own tax status, pursuant to articles L. 2123-12, L. 2123-14-1, L. 3123-10, L. 4135-10, L. 7125-12, and L. 7227-12 of this code and to article L. 121-37 of the New Caledonian Municipalities Code. It may also receive the additional funding provided for in the third paragraph of Articles L. 2123-12-1, L. 3123-10-1, L. 4135-10-1, L. 7125-12-1, and L. 7227-12-1 of this Code and in the third paragraph of Article L. 121-37-1 of the New Caledonian Municipalities Code.

II. - The Caisse des dépôts et consignations is authorised to conduct procedures for the award of public contracts meeting its requirements for the implementation of the individual right to training of local elected representatives as well as to conclude these contracts and monitor their execution.

III. - Caisse des dépôts et consignations shall enter into a three-year objectives and performance agreement with the State, which shall define in particular the portion of the resources mentioned in this article intended to finance the costs of implementing its missions, including the financing of the automated processing of personal data mentioned in Article L. 1621-5.

IV. - The Caisse des dépôts et consignations manages the resources mentioned in the first paragraph of I within a dedicated fund for which it ensures the administrative, financial and accounting management in a specific account opened in its books. The additional resources mentioned in the second paragraph of the same I shall be subject to separate accounting monitoring.

A decree in the Conseil d'Etat shall determine the conditions for application of this article.

Mariela Petrova

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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

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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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