The Administrative Court of Chalons sur Marne decided on 5 July 1994 that commissions on investment of savings products remunerated a unique service completed on subscription; they must therefore be wholly charged to the period of subscription, even if they are not entirely due in this period. A possible reduction (advance repayment...) in this commission could just give rise to the setting up of a provision. The court also decided that the annual credit card subscription remunerating an instantaneous service completed on conclusion of the contract should be charged entirely to that period.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances. For additional information contact Claire Acard on +33 (1) 55 61 10 10. The members of ARCHIBALD ANDERSEN Association d'Avocats (S.G. Archibald and Arthur Andersen International) are registered with the Hauts-de-Seine Bar.
Copyright Mondaq Ltd 1995 Tel +44 171 820 7733.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances. For additional information contact Claire Acard on +33 (1) 55 61 10 10. The members of ARCHIBALD ANDERSEN Association d'Avocats (S.G. Archibald and Arthur Andersen International) are registered with the Hauts-de-Seine Bar.
Copyright Mondaq Ltd 1995 Tel +44 171 820 7733.
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