BCLP Paris Partner Antoine Martin authored an article published June 27 in Agefi Hebdo on the sustainability fund, a new tool for holding and transferring company capital introduced by the "Pacte" law (the law on the growth and transformation of companies). The article discusses the function of the sustainability fund, which "is intended to receive by endowment, i.e. free of charge, shares of an industrial, commercial or agricultural family company, in order to become, as it were, its permanent and irremovable shareholder in order to contribute to its sustainability." Martin underlines the flexibility of this structure and its interest, particularly in the context of a patrimonial reflection of entrepreneurs who have not known how to identify a competent and legitimate successor, and the obstacle that the hereditary reserve can constitute.

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