BAKER & MCKENZIE -Global Equity Services Question of the Quarter: Loi Macron and the French-Qualified RSU Regime

Loi Macron and the French-Qualified RSU Regime

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The French Loi Macron law that went into effect on August 7, 2015 introduces favorable changes to the requirements and tax and social tax treatment of French-qualified restricted stock units ("RSUs").

However, the requirement that qualified RSUs under Loi Macron arguably can be granted only pursuant to a plan which has received shareholder approval on or after August 7, 2015 (provided such approval is generally required to operate the plan in the issuer's home country) has been a hurdle for many companies to avail themselves of the new regime.

What is your company doing?

Have you ceased granting qualified RSUs under the old regime, but are now thinking to avail yourself of Loi Macron and start granting qualified RSUs again?
Are you contemplating obtaining shareholder approval for your plan just for this reason or are you waiting until your plan goes back to shareholders for different reasons?
To learn more about current industry trends and practices surrounding Loi Macron, please click below to complete our "Question of the Quarter" survey by Friday, August 12. Survey results will be circulated to participants after the submission window has closed.