Cases & Deals

CNCM obtains confirmation of decision prohibiting creation of new local bank

Clients Confédération Nationale du Crédit Mutuel (CNCM)

Jones Day successfully represented Confederation Nationale du Credit Mutuel (CNCM) before the Paris Administrative Court of Appeal regarding the challenge of a sentence confirming its decision to prohibit the creation of a new local bank called "Caisse de L'Hermine" by its affiliate Federation du Credit Mutuel de Bretagne (FCMB). The court rejected FCMB's appeal against CNCM's refusal to allow this creation.

CAA Paris, 8 March 2018, FCMB, No. 16PA03388