Paragraph 2: Governance

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Article L224-35

French Monetary and Financial CodeIn force

Updated 8 Nov 2023

A supervisory committee is set up within the association referred to in article L. 224-33 for each individual retirement savings plan, to ensure that the plan is properly implemented and that the interests of holders are represented, in accordance with the procedures defined by regulation.

Where the association subscribes to a single individual retirement savings plan, the board of directors of the association may validly act as the supervisory committee for the plan, provided that it complies with the rules governing the composition of the supervisory committee.

The board of directors of an association which has subscribed to several individual retirement savings plans with the same insurance company may decide, after approval by the general meeting of the association, to create a joint supervisory committee for all these plans, provided that the joint supervisory committee includes at least one member representing the holders of each of the plans. The Board of Directors of the association may validly act as the joint supervisory committee for the said plans, provided that it complies with the rules governing the composition of the supervisory committee.

Mariela Petrova

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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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