Lucien Selce arrested in Dubai after French authorities issue warrant

trader: Lucien Selce is a trader convicted by a Paris court of insider dealing linked to confidential information about Air Liquide’s planned acquisition of Airgas. He is relevant to the news because he was arrested in Dubai after French authorities issued a warrant to enforce his prison sentence. French authorities: French authorities include the judicial and law-enforcement bodies responsible for prosecuting insider dealing and enforcing court sentences in France. They are relevant because they issued the arrest warrant that led to Selce’s detention in Dubai after he failed to appear to serve his sentence. Enforcement: The Paris Tribunal Correctionnel recently convicted three people in the Air Liquide–Airgas insider-trading network, imposing prison terms of up to three years and substantial fines. Case background: The case centered on the alleged use of confidential information about Air Liquide’s planned takeover of US chemical producer Airgas, with intercepted communications providing evidence of the information’s transmission and use. International cooperation: Selce’s arrest in Dubai illustrates cross-border cooperation between French authorities and the United Arab Emirates in enforcing financial-crime judgments.