Srl: No right of termination for the shareholder before the expiry of time

Company law

In Italy, it is common practice to fix a termination date in the articles of association already at the time of the incorporation of the company.

Therefore, the decision taken by the Court of Cassation on 5 September 2022 (26060/22) is of great practical importance. According to this decision, an ordinary termination by the shareholder before the expiry of time is simply invalid.

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