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11 July 2025

ODA | Maxime Seno and Livia Elshoud: Change of control, keeping a grip on public contracts

Maxime Seno, partner and Livia Elshoud, associate, offer their perspective in an article for Option Droit & Affaires on an increasingly strategic topic in M&A transactions: changes of control affecting companies holding public contracts.

While M&A operations are now developing in new sectors, the public sector’s perception of the resulting changes of control is now seen as a legal risk in its own right, one whose control sometimes even determines the value of the transaction.

Distinguishing between a change of shareholder and a change of owner, understanding the applicable regime to identify the risks of termination, anticipating the steps to be taken, and so on.
— They review the reflexes that M&A practitioners need to adopt in order to secure their operations by integrating the public factor.

Find their analysis in full below.

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