The recent amendments of the 2004 Italian Company law (the “Reform”), have introduced, inter alia, a number of interesting developments with reference to limited companies in Italy, in particular to the Italian S.R.L. companies (Società a responsabilità limitata), modifying the relevant provisions of the Italian civil code, and limiting them to those institutions with a more limited number of members (linked very often – but not necessarily – by a sort of “intuitus personae”), whilst the S.P.A. (società per azioni) better refers to wider company body. (more…)
Despite the great importance of groups of companies in modern economic society, the Italian legislator has refrained for decades from enacting specific norms disciplining such entities.
This is probably due to the fact the Italian legislator has for a long time considered the group as an economic institute rather than a judicial one.
Only in recent years, given the role attained by the corporate group in the Italian economy, has the lawmaker enacted norms explicitly referring to the group. (more…)