Press review
8 March 2024

Press review – Week of 4 March 2024

This week’s press review covers the conviction of Apple to a 1.8 billion euros fine by the European Commission for abusing its dominant position, the entry into force of the Digital Markets Act, the appointment of Antoine Magnant as Chief executive of TRACFIN and the conviction of the Wildenstein heirs for tax fraud.


#International Commercial dispute:

The European Commission sentences Apple to a 1.8 billion euros fine for “abuse of its dominant position” in the music market

The European Commission has fined Apple 1.84 billion euros for abusing its dominant position in the online music market. The Commission found that Apple, through its AppStore application store, had imposed restrictions aimed at preventing application developers from promoting services that were not part of the Apple “ecosystem”. In calculating the fine, the Commission took account of the group’s worldwide turnover and the need for the penalty to be sufficiently dissuasive. Apple has announced that it will appeal the decision, invoking notably the lack of prejudice for consumers. > Read article


#Ethics & Compliance:

 European Union: 5 minutes to understand the DMA, a new law to boost competition against tech giants

The new European Digital Markets Act (DMA) came into force on Wednesday 6 March 2024. It aims to put an end to the abuse of dominant positions by major digital companies in order to protect and develop the European digital market. Known as “gatekeepers”, these platforms, mainly owned by GAFAM, are now subject to strict measures, such as informing the European Commission of any planned acquisition of a digital company in Europe, or prohibiting Google, for example, from favoring services belonging to the same group. The European Commission has powers of control and sanctions that can range from a fine of 10% of worldwide sales to dismantling the company by selling off its activities. > Read article


#White collar crime:

Antoine Magnant appointed head of Tracfin, Bercy’s Financial Information Unit

On 6 March 2024, Antoine Magnant has been appointed Chief executive of Tracfin, the financial intelligence unit of the French Ministry of the Economy, responsible for combating money laundering, terrorist financing and tax fraud. Antoine Magnant is a graduate of the Ecole Nationale d’Administration and is presented by Bercy as specialized “in taxation, accounting, the fight against fraud and in the organization and improvement of the performance, operational and human, of the Directorate General of Public Finance”. On 1 April, he will replace Alban Genais, who has held the position on an interim basis since the departure of Guillaume Valette-Valla, whose management was criticized in an internal report. > Read article

The heirs of the Wildenstein art family condemned for colossal tax fraud 

The heirs of the Wildenstein art merchant family and their advisors (lawyers and notaries) were convicted of tax fraud by the Paris Court of Appeal on Tuesday 5 March. This conviction follows two acquittals in 2017 and 2018, on the grounds that French law did not contain clear declarative obligation prior to the introduction of a law on trusts in 2011. The Cour de Cassation ordered a third trial to be held from 18 September to 4 October 2023, at the end of which the defendants were found guilty of concealing significant assets in trusts relating to the estates of Daniel Wildenstein, who died in 2001, and Alec Senior, who died in 2008. Among those convicted were Guy Wildenstein, Daniel Wildenstein’s son, who was sentenced to four years’ imprisonment, two of which were suspended, and ordered to pay a fine of one million euros, and his nephew, Alec Junior, who was given a two-year suspended prison sentence. > Read article

Related content

Press review
12 July 2024
Press review – Week of 8 July 2024
This week, the press review covers the confirmed conviction of a French sawmill for illegally importing exotic wood from Brazil,...
12 July 2024
Overview of 2024: White collar crime
Panorama of decisions and events relating to white collar crime which have occurred in France over the last twelve months.
Judicial public interest agreements (CJIP)
12 July 2024
CJIP Observatory : Key to understand French DPA
Since its creation by the Sapin II law of 9 December 2016, the Judicial Public Interest Agreement (“Convention Judiciaire d’Intérêt...
Press review
5 July 2024
Press review – Week of 1 July 2024
This week, the press review covers the acquittal of 28 people implicated in the Panama Papers scandal, Turkey’s withdrawal and...
Press review
28 June 2024
Press review – Week of 24 June 2024
This week, the press review covers the conviction of Jean-Paul Huchon for illegal taking of interests, the case of Jean-Christophe...
25 June 2024
Articulation of tax and criminal procedures: consequences of the corrective declaration on the obligation to...
In a ruling handed down on 23 May 2024, the Criminal Division of the Cour de Cassation (French Supreme Court),...
Press review
21 June 2024
Press review – Week of 17 June 2024
This week, the press review covers the admissibility of the actions against Total and EDF relating to breaches of the...
19 June 2024
Compliance and forensic investigations: optimising how companies, lawyers and forensic professionals work together
Grant Thornton France invited Stéphane de Navacelle to take part in a panel with Jean-Marie Pivard (Publicis Groupe), Jennifer Fiddian-Green...
2 min
19 June 2024
Discussion on harassment prevention and exposure
Invited by Colas Rail, Stéphane de Navacelle discussed with 100+ group top managers during their Management Committee 2024, on 19 June 2024.
2 min
Press review
14 June 2024
Press review – Week of 10 June 2024
This week, the press review covers three people being charged for fraud in the Hauts-de-Seine, the dismantling of an undeclared...
13 June 2024
Future prospects for International Anti-Corruption Court
A panel held during the 20th Annual IBA Anti-Corruption Conference hosted at the OECD in Paris.
Press review
7 June 2024
Press review – Week of 3 June 2024
This week, the press review covers the trial of several Île-de-France’s elected officials including concealment of misappropriation of corporate assets...