FRANCE Law and Practice Contributed by: Malik Idri and Mathieu Relange, FTPA Avocats
• order the regularisation, unwinding or amendment of the investment; • adopt interim conservatory measures (eg, suspen - sion of voting or dividend rights); and • impose significant administrative fines. The review process consists of two phases. • Preliminary review – the Minister has 30 business days to conduct an initial assessment. The invest - ment may be (i) rejected if it involves sensitive sectors, (ii) accepted if no concerns arise, or (iii) subject to an in-depth review if it may raise national interest concerns. • In-depth review – if further scrutiny is required, the Minister conducts a deeper analysis. Decisions issued by the Minister can be challenged through: • a reconsideration request; and/or • an appeal before the Conseil d ’ État (French Admin - istrative Supreme Court).
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