Subsection 6: Financial guarantee

Articles in this section · 3

Article R1333-162

French Public Health CodeIn force

Updated 5 Nov 2023

I.-The supplier provides the financial guarantee provided for in Article L. 1333-15. The guarantee may be provided by the final holder if the latter is himself the beneficiary of a guarantee covering the take-back costs mentioned in Article R. 1333-163.

The obligation to provide financial guarantees remains in force notwithstanding any guarantee that may be provided for sealed radioactive sources in another Member State of the European Union. However, it does not apply to the distribution of sealed radioactive sources whose activity, at the time of manufacture or, if this is not known, at the time they are first placed on the market, does not exceed the exemption limit values set out in table 1 and the second and third columns of table 2 of appendix 13-8. Nor does it apply when the State is responsible for the nuclear activity concerned.

II - For the application of I, a supplier is considered to be anyone who :

1° Distributes sealed radioactive sources, products or devices containing them to a holder or end user;

2° Imports or transfers from a member state of the European Union, for its own use, sealed radioactive sources, products or devices containing them, acquired from a person not subject to the provisions of this chapter.

III -The financial guarantee referred to in I results, at the choice of the person responsible for the nuclear activity :

1° A written undertaking from a credit institution, finance company, insurance company or mutual guarantee company ;

2° A deposit made with the Caisse des dépôts et consignations;

3° A private guarantee deposit, managed by an organisation representing the business sector;

4° Taking into account the recovery costs referred to in Article R. 1333-163 as part of the provisions established pursuant to Article L. 594-2 du code de l'environnement ;

5° A written undertaking, providing an independent guarantee within the meaning of Article 2321 of the Civil Code, from the natural person, wherever domiciled, or the legal entity, wherever its registered office is located, which owns more than half of the capital of the party responsible for the nuclear activity or which controls it in accordance with the criteria set out in Article L. 233-3 of the Commercial Code. In this case, the guarantor must be the beneficiary of a written commitment from a credit institution, finance company, insurance company, mutual guarantee company or a guarantee deposit as referred to in 3° above, or have made a deposit with the Caisse des dépôts et consignations.

If the head office of the guarantor is not located in a Member State of the European Union or in a State party to the Agreement on the European Economic Area, the guarantor must have an agency, branch or representative office in France.

IV - The obligation to provide the financial guarantees referred to in I is maintained until the sealed radioactive source, which is the subject of these guarantees, is taken back by the original supplier, by another supplier or by the Agence nationale de gestion des déchets radioactifs, or failing this, for a period of three years following the expiry date of this source. The certificate of return referred to in the second paragraph of II of Article R. 1333-161 constitutes proof of the return of the source.

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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