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The Italian Court of Cassation excludes automatic liability in criminal offences of the legal administrator.

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21 March 2023

What are the rights of shareholders who sell their shares and challenge shareholder’s resolutions after leaving the company?

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Preventive attachment with a view to the confiscation of company shares is lawful even in the presence of a criminal offence underlying administrative liability that has an associative nature.

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The shareholder may withdraw from the company even if there is only a de facto change in the corporate purpose

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ECONOMIC SANCTIONS AGAINST RUSSIA

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It is not abusive to exercise the simul stabunt simul cadent clause aimed to settle an irremediable personal conflict created among the directors and detrimental to the management of the company

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A director who, by granting financing to the parent company, weakens the financial condition of the subsidiary (of which they are director) may face personal liability

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