The Legal Dispute Between Louis Weedon'S Head And Hermes Is About To Be Seen.

The long ruling of disputes between Louis Weedon and Bernard Arnaud's luxury brand Hermes has once shocked the French business community. Now, the ruling is drawing to a close. P

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The French securities regulatory authority (P) will make a ruling on its legal dispute this Friday.

The survey took more than two years.

Legal officials say Bernard Arnaud's "secret" takeover of rival Hermes in the past more than 10 years has increased its wealth by $2 billion 600 million in the process.

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Bernard Arnaud, 64 years old, is the richest man in France. P is the richest man in France.

He denies accusations of his improper actions.

He declined to comment on the news.

But the problem is not that Bernard Arnaud controls Louis Weedon through his investment group, Arnaud group, but that he already owns more than 1/5 of Hermes shares.

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< p > no matter what the specific outcome of the supervisory hearing on Friday is, according to the French law, the regulatory authorities can not force them to return their shares to Hermes.

If the regulatory authorities demand that they pay a fine, the maximum amount of penalty Bernard Arnaud will pay will be 10 million pounds, or about 13 million dollars.

This is only a minority of the rich.

According to Forbes magazine, Bernard Arnaud's wealth is 29 billion dollars.

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< p > it is reported that the French Financial Market Supervision Bureau (AMF) disclosed to the French newspaper "Le Monde" the evidence of LVMH's Secret collection of Herm Herm s shares.

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P > October 2010, LVMH, a listed company, suddenly announced that it had a share of Herm e 17.1% - and French financial law stipulates that more than 5% of the stock of another company, as a listed company, must be disclosed.

How did LVMH circumvent the rule and secretly collect up to 17.1% of the shares? LADYMAX Fashion Net found that LVMH purchased 4.9% of Herm's s shares in the 2001-2002 years from LVMH, which was established in Luxemburg, Delaware and Panama, and it was not indicated in the consolidated statement of LVMH.

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< p > LVMH originally wanted to continue to buy Herm s s stock from the open market, but later changed it to a more covert way: under the name of a series of branches of the subordinate company, through several banks to buy "equity exchange" (equity swap) derivative financial contracts linked to Herm s's equity interest, the Herm s s share of each joint is less than 5%, but the total amount is up to 12.2%.

In October 2010, LVMH declared that it would give up cash settlement related swap contracts for tax avoidance and instead hold Herm s shares.

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< p > despite being strongly protested by the Herm s family, LVMH chairman Bernard Arnault has repeatedly stressed that these Herm s shares were acquired by "casual", and he had no intention of hostile takeover of Hermes.

AMF is investigating LVMH and may be held liable, but it is unlikely to force LVMH to abandon Hermes stock.

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P, the famous brand LVMH with Louis Vuitton, Christian Dior and Tang Pei Lenong champagne, then increased its holdings of Hermes shares to 22.6%. As the Hermes family fought against LVMH, a total of 72% shares of all branches were formed to hold the company. Currently, less than 6% of Hermes shares are left in the market.

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