The Monaco Economic Board held its annual conference at the Novotel Monte-Carlo on Monday, September 28, working with the Ordre des Experts-Comptables de Monaco and law firm 99 Avocats to walk more than 120 business executives through Monaco’s newly reformed company law.
Titled “Reform of company law in Monaco: what impact on management?,” the event focused on Law No. 1.573 of April 8, 2025, which modernises company law in the Principality as part of a wider effort to align Monaco with international standards on governance, transparency and compliance.
Grégoire Gamerdinger, a partner at 99 Avocats, and Victor Bardawil, a senior associate at the firm, told the audience of decision-makers that the reform clarifies how Monegasque public limited companies, known as SAMs, are governed, while tightening rules around conflicts of interest for both SAMs and limited liability companies, or SARLs.
They stressed that, given rising legal, regulatory and criminal risk, formally documenting and tracking decisions is now the first line of defence for company executives. Governance, they said, can no longer rest on custom or trust alone.
Even so, the reform isn’t considered finished business. Stéphane Garino, President of the OECM, told attendees in his opening remarks that discussions with the government are actively underway to refine the text further, with the goal of delivering the practical improvements Monégasque entrepreneurs are hoping for.
The strength of interest in the topic was clear by the end of the event, with a lively, detailed question-and-answer session capping off the conference, reflecting genuine demand among local businesses for guidance through the regulatory change.