Arbitration under fire in France
The lengthy process involved in arbitration matters, sometimes taking up to six years to reach a resolution needs to be changed, says a leading adviser.
“We will start with a general overview of the legal framework,” said Cyril Maucour, a partner at Baker & McKenzie in Paris, who will feature on the panel.
“There have been two landmark cases [involving Man hedge fund and Société Novartis Groupe France] and we will discuss the implications of the decisions,” he continued.
The session which
“We will discuss whether arbitration works, it is a lengthy procedure and can take up to six years to reach a decision,” said Maucour. “The procedure is quite burdensome to taxpayers.”
Catherine Damelincourt, head of tax at electricity company EDF in France, will comment on the use of advance pricing agreements.
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