Cleary Corporate Breakfast

March 28, 2019


Subordination of Shareholder Loans Under Italian Company Law

Under what circumstances is a shareholder loan granted to an Italian joint stock company at risk of being subordinated? In the last few years Article 2467 of the Italian Civil Code – concerning shareholders’ financing in limited liability companies – has been applied beyond the literal scope of the provision. During our meeting we considered the underpinning and the limits of this interpretation, assessing which analysis and strategies should be implemented on the basis of recent case law.

The seminar was part of the Cleary Corporate Breakfast series and took place at the Rome office (Piazza di Spagna, 15) and the Milan office (Via San Paolo, 7).