Corporate Accountability in France

The introduction of deferred prosecution agreements (DPAs) in France signifies a shift towards more stringent corporate accountability, particularly in the case of LVMH. Despite facing legal repercussions, LVMH was subjected to a relatively minor fine compared to its profits, demonstrating the challenges of holding large corporations accountable in the French legal system. The discussion draws attention to the history of LVMH's growth, emphasizing its significant market presence and lucrative ventures in Asia, particularly in Japan, which has been a longstanding customer base. This scenario exemplifies the complexities of enforcing corporate laws and the often lenient treatment of powerful companies in France.