On 7 September 2023, Assonime issued its Case No. 5/2023 (a) recalling that directors must indicate the proposed allocation of profits in the explanatory notes to the financial statements.

The Court of Milan (see judgment of 30 April 2021, no. 3644) has affirmed the principle whereby, in order for a shareholder to successfully bring a liability action pursuant to Article 2395...

In a recent judgment, the Italian Supreme Court clarified the limits to be observed by a company's director when delegating certain powers to a third party, stating that ...

According to Italian Law regulating listed companies (legislative decree no. 58/1998), directors of listed companies are appointed by the shareholders' meeting on the basis of slates...

European Union subsidiaries and their directors face increasing scrutiny when applying reduced withholding tax rates under double taxation treaties and EU directives.

The imminent publication in the Official Gazette of the reform of Article 2407 of the Italian Civil Code heralds the making of significant changes to the civil liability of statutory auditors.

Do the guidelines regarding the responsibilities of legal entities (Legislative Decree 231/2001) apply to a sole quota-holder company.

The Court of Cassation (Italian Supreme Court) recently reaffirmed some important principles on the civil and criminal liability of directors (including non-executive directors) of Italian companies' boards.

Corte di Cassazione, 20 luglio 2023, n. 21821 – cessione dei crediti in blocco ed onere della prova: in tema di cessione in blocco dei crediti da parte della banca ex art.

Italy was ranked in 15th place in the 2021 edition of our annual Global Business Complexity Index, rising from 36th place in 2020.

Supreme Court Decision 38991, which was issued on November 4 2010, has established that a board of directors may be held liable in respect of duties of health and safety in the workplace.

The innovations introduced by the Corporate Crisis and Insolvency Code (Legislative Decree no. 14 of 12 January 2019) concern the organizational, administrative and accounting company's...

On Feb. 27, 2024, the Italian Parliament passed new capital markets rules, aimed at supporting the competitiveness of capital markets and delegating the government to carry out a systematic reform of capital market legislation.

The receiver of a bankrupt joint-stock company sued its directors before the Court of Rome, in order to ascertain their liability, pursuant to Article 146 of Bankruptcy Law.

According to recent press reports, the Guardia di Finanza, Italy's tax police, considers the directors of the Google group's Italian subsidiary to be liable for an alleged €50 million tax evasion.

By means of Legislative Decree no. 72 of 12 May 2015, Italy implemented Directive 2013/36/EU, which reformed, inter alia, banks' and investment firms' corporate officers "fit and proper" criteria for better governance purposes.

Italian law does not grant legal persons with the right of to be appointed as company directors.

Il 27 febbraio 2024, il Senato ha approvato definitivamente il disegno di legge recante interventi a sostegno della competitività dei capitali e la delega...

L'assetto organizzativo, amministrativo e contabile rappre-senta il complesso delle direttive e delle procedure stabilite per garantire la gestione efficiente dell'impresa.

The Decree of the Ministry of Business and Made in Italy (MIMIT) published on 29 September 2023 has officially established the means of communication for the Register of beneficial Owners.