Latest update: 04/01/2012 

- France - French cinema - health - justice - Karachigate - law - Nicolas Sarkozy - transport


Can SeaFrance be saved?

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In France, the "Karachigate" plot thickens as some continue to believe French President Nicolas Sarkozy could potentially be implicated in a scandal over illegal arms deal kickbacks. Next, SeaFrance employees are in a last-ditch bid to save their ferry company from collapse. Finally, a mini legal revolution is underway in the courts with the introduction of more citizen juries.

THE WEEK IN FRANCE
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05/06/2012 - THE WEEK IN FRANCE

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The Sea France Fiddle

by Anonyme - 04/01/2012 - 17:54

How can it be legal for a dying company to be invited to increase its redundancy package to such a level that its employees can thereby afford to invest in a new ownership structure for the company? To do that means that the Sea France shareholders have to take a loss on the value of their assets. Presumably since SNCF is a national company the government will cover that - but that is contrary to EU rules...

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