Le nouvel article 1833 du Code civil français et l’intégration de l’intérêt social et de la responsa-bilité sociale d’entreprise: constat ou révolution?

in Rivista Orizzonti del Diritto Commerciale (2019)

The article comments on the modification of Article 1833 of the French civil Code created by the recent law (Law No. 2019-486 of 22 May 2019, the so-called “Loi-PACTE”), relating to the growth and ... [more ▼]

The article comments on the modification of Article 1833 of the French civil Code created by the recent law (Law No. 2019-486 of 22 May 2019, the so-called “Loi-PACTE”), relating to the growth and transformation of businesses. This rule provides that directors in managing a company shall pursue the interest of the company, while taking into due consideration social and environmental issues in company activities. The present article focuses on the possible meaning of enlarging the notion of company’s interest, and analyzes the scope of the new rule and its effects. [less ▲]