French court quashes French Polynesian pyramid scheme law

8:12 pm on 18 March 2019

France's highest court has quashed a French Polynesian law on dealing with pyramid schemes.

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The law aimed to bring in restrictions similar to those in force in France.

However, the Paris court threw out the law on a procedural matter, finding that the assembly had failed to consult the Economic, Social and Cultural Council of French Polynesia before voting on it.

It is the second law quashed for bypassing the consultative body.

The Paris court earlier rejected the lowering of the threshold for a town to allow the setting-up of an additional pharmacy from 7,000 inhabitants to 5,000.

The law had been challenged by the pharmacists council as well as the pharmacists union and a public sector union.