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Effects Of The Cancellation Of Italian Companies From The Companies Register And The Succession Of The Shareholders

During the last three years the Italian Court of Cassation made several important rulings – the last one on May 30, 2013 - which clarify the consequences of the cancellation of a company from the Companies’ Register (Registro delle Imprese), which is one of the most contradictory topics arising from the reform of Italian corporate law entered into force on January 1, 2004. As the reform provided for the immediate termination of the company following the cancellation from the Companies’ Register, the situation of company's debts owing at the date of the cancellation was unclear, as was that of any realized credits or further assets belonging to the company discovered after the  cancellation.

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