Italy Update: Responsibility for management and coordination: excluded for acts of mismanagement performed by de facto directors

The Roman courts ruled out liability for management and coordination activities of the parent company by virtue of the principle that in order to have this responsibility it is necessary that there be a significant influence, on the part of the parent company, on the management and administration activity of the directors of the subsidiary. The so-called “de facto” directors, on the other hand, operate independently of the parent company, consequently, the parent company cannot be held responsible for the acts of mismanagement committed by the de facto directors of the parent company.

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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