{"id":6332,"date":"2008-06-01T16:38:02","date_gmt":"2008-06-01T16:38:02","guid":{"rendered":"https:\/\/gregorydamy.niceavocats.fr\/?p=6332"},"modified":"2023-08-02T11:44:30","modified_gmt":"2023-08-02T11:44:30","slug":"repression-of-misuse-of-corporate-assets","status":"publish","type":"post","link":"https:\/\/gregorydamy.niceavocats.fr\/en\/repression-of-misuse-of-corporate-assets\/","title":{"rendered":"Repression of misuse of corporate assets"},"content":{"rendered":"

[et_pb_section fb_built=”1″ admin_label=”section” _builder_version=”4.19.5″ custom_margin=”||0px||false|false” custom_padding=”||0px||false|false” locked=”off” global_colors_info=”{}”][et_pb_row column_structure=”1_3,1_3,1_3″ _builder_version=”4.19.5″ _module_preset=”default” background_enable_mask_style=”on” background_mask_style=”wave” background_mask_color=”rgba(0,0,0,0.08)” custom_padding=”||6px|||” locked=”off” global_colors_info=”{}”][et_pb_column type=”1_3″ _builder_version=”4.19.5″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_column][et_pb_column type=”1_3″ _builder_version=”4.19.5″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_column][et_pb_column type=”1_3″ _builder_version=”4.19.5″ _module_preset=”default” global_colors_info=”{}”][et_pb_circle_counter title=”Estimated reading time (in minutes)” number=”2″ percent_sign=”off” _builder_version=”4.20.2″ _module_preset=”default” title_font=”Amiri||||||||” max_width=”137px” global_colors_info=”{}”][\/et_pb_circle_counter][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.19.5″ _module_preset=”default” custom_margin=”||0px||false|false” custom_padding=”||0px||false|false” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.19.5″ _module_preset=”default” global_colors_info=”{}”][et_pb_divider _builder_version=”4.19.5″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_divider][\/et_pb_column][\/et_pb_row][et_pb_row admin_label=”row” _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_image _builder_version=”4.21.0″ _module_preset=”default” title_text=”businessman-1477601_1280-2″ src=”https:\/\/gregorydamy.niceavocats.fr\/wp-content\/uploads\/2023\/07\/businessman-1477601_1280-2.jpg” hover_enabled=”0″ sticky_enabled=”0″][\/et_pb_image][et_pb_text admin_label=”Text” _builder_version=”4.21.0″ text_font=”Amiri||||||||” header_2_font=”Amiri||||||||” header_3_font=”Amiri||||||||” background_size=”initial” background_position=”top_left” background_repeat=”repeat” hover_enabled=”0″ global_colors_info=”{}” sticky_enabled=”0″]<\/p>\n

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The misuse of corporate assets<\/span><\/a>\u00a0is an offense under the legislation on commercial companies.\u00a0Consequently, the reference text is not the Criminal Code but the Commercial Code which, in an entire title devoted to criminal provisions, is equivalent to a real Criminal Code for commercial companies.<\/span><\/p>\n

The problem is complex because the leader is not always aware of the illicit nature of his behavior, because the abuse of corporate assets is considered by the social body as an artificial offence.\u00a0This is the reason why the intervention of the criminal judge in the business environment is delicate.<\/span><\/p>\n

However, a moralization of business life is necessary, because the social leaders can be brought to yield to certain temptations to which the administration of the company exposes them.<\/span>
In particular, there may be confusion between personal and corporate assets.\u00a0This behavior must therefore remain a criminal offence.\u00a0Its gravity with regard to business life prohibits any idea of \u200b\u200bdecriminalization.\u00a0It is an offense that raises concerns with regard to its definition because the terms of the law are insufficiently precise (*).<\/span><\/p>\n

Also, the abuse of corporate assets is a formidable weapon in the face of economic and financial crime.\u00a0It even seems that judges tend to take advantage of this situation to take some liberties with the major foundations of criminal matters and in particular with the principle of legality which is the keystone of French criminal law.<\/span><\/p>\n

The new Criminal Code has enshrined the principle that criminal law is to be interpreted strictly (2).\u00a0However, in matters of misuse of corporate assets, extensive interpretation tends to become the rule.\u00a0Although the objective is commendable, the method is very open to criticism because it is up to the legislator to intervene to create clear and precise texts in the name of the principle of legality.\u00a0We cannot ask the judge to replace the legislator.<\/span><\/p>\n

Download the article published in “la gazette du palais” in pdf format<\/span><\/a><\/p>\n

Law firm of Ma\u00eetre Gr\u00e9gory DAMY<\/span><\/a>\u00a0, lawyer at the bar of Nice: misuse of corporate assets.<\/span><\/p>\n<\/div>\n

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The misuse of corporate assets\u00a0is an offense under the legislation on commercial companies.\u00a0Consequently, the reference text is not the Criminal Code but the Commercial Code which, in an entire title devoted to criminal provisions, is equivalent to a real Criminal Code for commercial companies. The problem is complex because the leader is not always aware […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[295],"tags":[],"class_list":["post-6332","post","type-post","status-publish","format-standard","hentry","category-commercial-and-company-law"],"yoast_head":"\nRepression of misuse of corporate assets - Soci\u00e9t\u00e9 d'avocats Damy<\/title>\n<meta name=\"description\" content=\"Repression of misuse of corporate assets The misuse of corporate assets is an offense under the legislation on commercial\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gregorydamy.niceavocats.fr\/en\/repression-of-misuse-of-corporate-assets\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Repression of misuse of corporate assets - 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