Landmark Reversal of Precedent Secured by Cartier Meyniel
Financial securities and jurisdiction: the Paris Court of Appeal adopts a new approach to Article 46 of the French Code of Civil Procedure.
In a judgment dated 15 April 2026 (Paris Court of Appeal, Division 5, Chamber 9, 15 April 2026, No. 25/17891), the Paris Court of Appeal adopted an innovative interpretation of the concept of the “place of actual delivery of the thing” in the context of a contract for the allocation of financial securities.
📌 The decision may have significant implications beyond transactions involving shares, particularly for contracts relating to intangible assets more generally.
👉 We take a closer look at the Court’s reasoning and the potential implications of this decision.
🔎 The case is all the more worth following as we now have confirmation that the French Court of Cassation will have an opportunity to rule on this issue.
Read our LinkedIn post about this decision here.