campilobaxter
Mustachioed Root Vegetable
if i'm not mistaken, the waivers are there as a deterrent try to convince someone that they wouldn't be successful in a suit, but ultimately hold no legal weight. i think the case would hinge on whether a person could reasonably expect to incur such an injury by attending this event and standing where she was, and whether that person could reasonably expect the event powers-that-be to have provided adequate safety measures to prevent such an injury. but i'm not an attorney, so i could be 100% wrong about all this.
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Waivers are pretty standard fare these days, and most are upheld as valid (to varying degrees, based on the state). If this were in the US, I would expect her to lose in a suit like this. The event would probably settle anyway, to avoid negative press, etc.
But since this is French/EU law, who knows what could happen. That legal system is all messed up.