Italy Update: Corporations: succession in debtor relationships after liquidation/cancellation

Court of Cassation, judgment no. 28064/2022

The Supreme Court, adhering to the consolidated jurisprudential orientation on the subject, reiterates the principle of law by virtue of which, following the cancellation of the capital company from the Register of Companies and the definitive extinction of the entity, the succession of the former shareholders occurs in the debtor relationships already belonging to the canceled company, but not defined at the outcome of the liquidation, regardless of whether they have enjoyed any distribution under the final settlement balance.

By Quorum, Italy, a Transatlantic Law International Affiliated Firm. 

For further information or for any assistance please contact italy@transatlanticlaw.com

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