News

January 2019

The Pacte bill proposes a modernization of the preferred share regime

The Pacte Bill proposes a modernization of the regime of preferred shares in order to encourage investments made by funds in particular. Thus, Article 28 of the Pacte Bill proposes several changes including the introduction of redeemable preference shares not exclusively at the initiative of the company but at the “joint initiative” of the issuing company and the subscriber.