Breach

Full reference: Tribunal administratif de Paris (Paris administrative court), 4th section, 1st Chamber, Oxfam France, Notre Affaire à tous, Fondation pour la Nature et l’Homme et Greenpeace France, 3rd of February 2021, n°1904967, 1904968, 1904972, 1904976/4-1   Read the judgment (in French) Read the press release from Tribunal administratif de Paris (in French)

Full reference: CJEU, 2nd of February 2021, DB v. Commissione Nazionale per le Società e la Borsa (Consob), case C‑481/19 Read the decision Read the opinion of advocate general   Summary of the decision by CJEU:  "Natural persons who are subject to an administrative investigation for insider dealing have the right to remain silent when their answers might establish their liability for an offence that is punishable by administrative sanctions of a criminal nature, or their criminal liability".    To go further, read: Frison-Roche, M.-A., Resolve the contradiction between "incentive" and "sanction" under the fire of Compliance Law, 2021 Frison-Roche, M.-A., Rights, primary and natural Compliance tools, 2021

Full reference: Rapport sur la responsabilité des sociétés et de leurs dirigeants en matière sociale et environnementale et examens des conséquences juridiques associées aux modifications apportées à l'article 1833 et 1835 du Code Civil, Haut Comité Juridique de la Place Financière de Paris, 19th of June 2020 Read the report

Full reference: Directive 2003/6/EC of the European Parliament and of the Council of 28 January 2003 on insider dealing and market manipulation (market abuse) Read the directive