July 2022 - BECP.EU

14 07 '22

New EU Vertical Block Exemption Regulation (“VBER”)

On 1 June 2022, the new EU Vertical Block Exemption Regulation 2022/720 (“VBER”) entered into force. Cartwright Pescatore drafted an explanatory diagram of the VBER to help business and professionals better understand its scope and provisions. EU Vertical Block Exemption Regulation 2022/720 – explanatory diagram

12 07 '22

Challenging resolutions of the B.o.D. under Article 2388 of the Italian Civil Code: the shareholders of a company limited by shares can only challenge the resolutions if they directly affect their rights

A comment on judgement of 27 Avril 2022 of the Court of Catanzaro. Il socio di una S.p.A. può impugnare le delibere del C.d.A. solo se direttamente lesive dei diritti del socio stesso [eclegal.it]

05 07 '22

The so called non-distributable reserve under Article 2426 point 4 of the Italian Civil Code shall not be used to cover a company’s losses, unless a company has no other available funds that could cover such losses

The case assessed in judgment No. 14210 of 5 May 2022 of the Italian Court of Cassation, civil division. La riserva non distribuibile ex art. 2426 n. 4 c.c. non può essere utilizzata a copertura delle perdite se dal bilancio risultano iscritte altre riserve che possono far fronte a tali perdite [eclegal.it]