Italy: Amendments to the rules regarding partner's meetings in Italy (shareholder's meetings) as established by Decreto Legge n. 18 del 17 of March, 2020

Published by Liuzzi e Liuzzi International law firm in Italian Law · Thursday 17 Dec 2020 · 2:30
Tags: Italy, Italian, corporate, Law, lawyers, lawyer, coronavirus, rules, shareholder, meeting, corporate, meetings

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Amendments to the rules regarding partner's meetings in Italy (shareholder's meetings) as established by Decreto Legge n. 18 del 17 of March, 2020

(About measures for the strengthening of the Italian National Health Service and of financial support to families, workers and companies related to the epidemiological emergency COVID-19)

Decreto Legge n. 18 of March, 17^th 2020, derogating what is disposed by article 2364 (which provides that the shareholder's meetings in italy must e conened at least one time a year wthing the period of time established by the Statue and in any case not later than 120 days from the corporate year end) and article 2478-bis ( which provides that annual financial statements must be presented to the partners within the period of time established in the company's articles of incorporation and in any case not later than 120 days from the corporate year end, execpt from what is established by the second comma of article 2364) of the Italian Civil Code or by the statutes has established that the ordinary shareholder's meeting is convened within a period of 180 days from the corporate year end.

This disposition will be applied to the corporate meetings convened before July, 31^st 2020 or before the date if subsequent till when will be in force the emergency state in the Italian national territory related with the helath risk concerning the epidemic COVID-19.

The said decree has additional amendements concerning Italian Corporate Law we will analyse in our next posts on Liuzzi e Liuzzi International Law & Tax Firm (Italy- Spain)'s BLOG.

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