Septembre 2020
In a long awaited decision, the French Cour de cassation rules that the Dutreil transmission favourable regime applies to the shares of a mixed holding company if the animation activity (managing another company) is preponderant. The main character of the animation activity is based on the market value of the shares, and not on their accounting value, representing more than a half of the total assets of the holding company.
Pascal JULIEN SAINT-AMAND provides his analysis of this ruling in the Feuillet Rapide of Editions Francis Lefebvre.
This study is only available in French.
Althémis Paris
Pascal JULIEN SAINT-AMAND is a partner Civil Law notary in Paris and Chairman of the Althémis Group.
Doctor of French and European law, after a career as a tax lawyer, he joined in 1993 the notarial profession to which he had a long family tradition. He has developed a high level expertise in wealth management, and in particular in estate planning for company directors.
He writes on these subjects in numerous books published by Éditions Francis Lefebvre: Pactes d’actionnaires et engagements Dutreil, Mémentos Patrimoine et Droit de la Famille, Les holdings, Stock-options et attributions gratuites d’actions.
He is a lecturer at Paris Dauphine University and the ESCP Business School. He is a member of the FNDP legal committee.
Stéphanie BOHUON
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