Non-guaranteed investment: regulatory definition and obligations of participants
The growth of unlisted assets and the diversification of distribution channels are giving increasing importance to the investment service ...
Closer to the stars
By Christophe Pouchoy, Manager of Echiquier Space, La Financière de l'Échiquier (LFDE) Microgravity manufacturing, private space stations, satellite data... The ...
Eternam case: the reclassification of club deals as FIAs, a major turning point for the regulation of asset management
On 9 September 2025, the Enforcement Committee of the Autorité des marchés financiers (AMF) condemned the asset management company ...
Freedom of political expression and market abuse: the CJEU asked to arbitrate between public debate and protection of issuers
In a forthcoming high-stakes ruling, the European Court of Justice will determine the level of protection afforded to ...
From the summit to the coast: investing in tourism at a crossroads
Between adapting to climate change and the quest for meaning, tourism is redefining itself. For responsible investors, this changing sector offers ...
The importance of vocabulary in quasi-criminal matters
In 2021, the Enforcement Committee of the AMF (Autorité des marchés financiers) imposed a fine on a German company and ...
The French Constitutional Council validates the GAFA tax: what are the implications for investors?
In its decision no. 2025-1157 QPC of 12 September 2025, the French Constitutional Council ruled that the ...
New legislation and debt collection
In a ruling handed down on 10 September 2025, the French Supreme Court (Cour de cassation) clarified the conditions under which the ...
ESG at a crossroads
Against a backdrop of geopolitical and economic uncertainty, the year 2025 will continue to be marked by a number of 'Omnibus' proposals from the Commission ...
Space defence, the emergence of a strategic sector
Expert opinion from Christophe Pouchoy, international thematic equity manager, La Financière de l'Échiquier (LFDE). 1,000 billion dollars. That's ...
