Section VII: Cooperation and exchange of information

Articles in this section · 6

L311-56L311-57L311-58L311-59L311-60L311-61

Article L311-59

French Insurance CodeIn force
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Updated 8 Nov 2023

I.-For persons referred to in Article L. 311-1 who have subsidiaries established abroad and for persons referred to in Article L. 311-1 belonging to a cross-border group in which at least one of the entities belongs to the insurance sector and at least one of the entities belongs to the banking or investment services sector or to a cross-border group subject to the supplementary supervision of financial conglomerates pursuant toArticle L. 633-1 of the Monetary and Financial Code :

1° When the collège de résolution draws up and updates a preventive group resolution plan, pursuant to Article L. 311-8, it shall, where appropriate, involve the competent counterpart authorities in this work, under the conditions laid down in Article L. 311-46 ;

2° When it carries out the assessment referred to in Article L. 311-11, when it adopts the measures provided for in III of Article L. 311-12 of the same code, and when it draws up the report provided for in Article L. 311-14, the resolution college may, where appropriate, involve the competent counterpart authorities, under the conditions provided for in Article L. 311-57;

3° When the resolution college implements measures in respect of a person mentioned in Article L. 311-1, whether or not subject to group supervision by the Autorité de contrôle prudentiel et de résolution pursuant to Article L. 356-2, one or more of the resolution measures referred to in Subsections 3 and 4 of Section 6, it shall inform the competent authorities of the other Member States of the European Union or parties to the European Economic Area and, where applicable, the competent authorities of the other States, without delay, under the conditions provided for in Article L. 311-57.

II - In order to facilitate cooperation, the Autorité de contrôle prudentiel et de résolution may form a college comprising all the competent counterpart authorities. It shall enter into a coordination agreement with the other authorities concerned concerning the creation and operation of this college.

Mariela Petrova

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Common Questions

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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