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Legal Developments worldwide

WORKING TOGETHER UNDER ITALIAN LAW – BUSINESS NETWORK CONTRACTS

February 2013 - Corporate & Commercial . Legal Developments by Studio Legale Associato con Withers LLP .

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In 2009, Italian Law introduced a new legal instrument, Business Network Contracts (‘BNC’), which allow aggregations of commercial entities to work together in an organised and durable manner (without having to establish a new company or a consortium) whilst retaining their own independence and individuality, as well as benefitting from various incentives and tax benefits.

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