Ley Florange

France's Florange law

Florange Law: Who Gains From The Fact That One Vote Is Worth Two?

In April 2014, a new law was passed in France, the Florange Law, creating a new power game: the vote of long-term shareholders (two years) automatically accounted for double. Although the Elysium maintained it was about attracting long-term investments and keeping French companies French, the Executive Director of ANSA – the National Association of Joint-Stock Companies – insists that the Florange Law creates obstacles to doing business and criticises the fact it is obligatory.