Paris Partner Antoine Martin and Counsel Cécile Terret were quoted April 23 in Les Echos Executives regarding the impact of the Sapin II law during merger and acquisition transactions. Sapin II has modified the obligations of companies with regard to the fight against corruption, since they now must implement so-called compliance programs. In the course of due diligence conducted in M&A transactions, the buyer will have to check the compliance with the requirements of Sapin II, as well as during the negotiations with the seller, by analyzing a certain number of points including the risk mapping, which "is one of the most sensitive elements to transmit, often given when the negotiations are already well advanced," Martin said. "The cost of lack of compliance can be heavy," Terret warned, noting the main problem lies in the discovery of corruption facts in the aftermath of the sale.