France recently adopted a new environmental law, the "Grenelle 2", which contains several provisions extending the environmental liability of corporate groups. While some of the mechanisms remain optional, others can create a genuine legal risk which must now be taken into account. The Grenelle 2 law was published in the French Official Gazette of July 13, 2010.

La loi « Grenelle 2 », récemment adoptée par le Parlement, contient plusieurs dispositions de nature à élargir la responsabilité environnementale des groupes. Si certains mécanismes restent optionnels, d’autres constituent un véritable risque juridique dont il faudra désormais tenir compte.

Reprinted from Option Droit & Affaires, Issue 38, 7 July 2010, with the permission of Option Finance Group.

View article in English, "Environmental Liability of Parent Company Extended by Grenelle 2 Law"



View article in French, "La responsabilité environnementale des sociétés mères élargie par la loi Grenelle 2"