Definition : Hamon law

Hamon law, also known as the “Law on the Modernization of the Economy,” is a French legislation that was enacted in 2014 with the aim of promoting economic growth and competitiveness. Named after the former French Minister of Economy, Emmanuel Macron, the law encompasses a wide range of measures, including labor market reforms, deregulation of certain professions, and simplification of administrative procedures. Its main goal is to stimulate innovation and entrepreneurship, while also protecting workers’ rights and promoting fair competition. The Hamon law has been met with both praise and criticism, but it remains a significant piece of legislation in France’s economic landscape.

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