Does local law allow for a choice of governing law?
Frequency/market practice: Yes.
What is the common governing law?
Frequency/market practice: Choice of governing law is allowed, but it is generally accepted market practice that French law applies for French target companies.
Is litigation or arbitration more common? If arbitration, where?
Frequency/market practice: Both are common (50/50). Arbitration is common with foreign buyers/sellers and local courts are common with local buyers/sellers.
