Monaco has brought together 200 legal and business professionals at One Monte-Carlo for a conference focused on corporate law. Organised by the Institut Monégasque de Formation aux Professions Judiciaires (IMFPJ), the event delved into the evolution of corporate law in the Principality and its broader implications.
Samuel Vuelta Simon, Monaco’s Director of Judicial Services, opened the event on 13th December by underscoring the importance of the topic, particularly in the fight against financial crimes such as money laundering. He highlighted that the misuse of trusts and shell companies often plays a role in obscuring the origins of illicit funds. The conference also aligned with ongoing legal reforms in Monaco, including Bill No. 1.094 on modernising corporate law, and France’s “RÉPONDS” initiative led by the University of Paris Panthéon-Assas.
The conference featured a series of expert-led roundtable discussions, offering a comprehensive perspective on corporate law. Entrepreneurs, institutional representatives, lawyers, magistrates, legal advisors, accountants, and academics participated to explore theoretical frameworks, practical challenges, and innovative solutions.
The day began with a session led by Yves Strickler, IMFPJ’s Scientific Director. Stéphane Valeri, President-Delegate of Société des Bains de Mer, and Philippe Ortelli, President of the Federation of Monegasque Enterprises, provided insights into the theoretical and practical aspects of corporate structures.
Subsequent discussions addressed company formation processes in Monaco and the selection of corporate forms, with Pierre-André Chiappori, Minister of Finance and Economy, and Robert Boisbouvier, President of the Chamber of Legal Advisors, presiding.
In the afternoon, Bernard Bensa, President of the Monaco Bar Association, chaired a session on company operations, focusing on conflict prevention and the civil and criminal liability of shareholders. François-Xavier Lucas, Professor at the Sorbonne Law School, examined solutions for companies in financial distress under Monaco’s legal framework. Stéphane Garino, President of Monaco’s Order of Accountants, offered the accountants’ perspective on corporate law.
The day concluded with a forward-looking discussion on Monaco’s legal reforms and France’s “RÉPONDS” project. Julia Heinich, a corporate law expert from the University of Burgundy, shared insights into the ongoing initiatives shaping the future of corporate legislation.
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