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Groundbreaking Closing Statement by the Milan District Attorney in the D&G Appeal Case

March 27, 2014

By BERNADETTE ACCILI & DOMENICO GIOIA

One of our previous client alert (March 2012) briefly highlighted the main aspects of the judgement No. 7739 issued by the Criminal Chamber of the Italian Supreme Court on 22 November 2011 (hereinafter the “Judgment No. 7739”). The Supreme Court judgement concerned, inter alia, the criminal tax consequences for the managers of a company formally resident abroad but de facto managed in Italy. The Italian Supreme Court reversed the prior judgement against two very popular Italian fashion designers (hereinafter the “Designers”), and against the managers of a company based in Luxembourg (hereinafter the “LuxCo”) of the Designers’ group.