Divided corporate rights and distribution of reserves: the French Cour de cassation rules again

The civil chamber of the French Cour de cassation rules that the profits put in reserve, which constitute the increase of the company’s assets, belong to the bare owner of the shares, who alone must benefit from the funds resulting from their distribution.

Sophie GONSARD and Pascal JULIEN SAINT-AMAND, notaires in Althémis Le Vésinet and Paris, deliver their analysis of the ruling of June 22, 2016, n°15-19.471.

This study is only available in French.