The so called marcian pact ‒already known in common practice‒ has been officially regulated in Italy through the last law decree issued by the Italian Government (Law Decree 3 May 2016 no. 59). Now, through a simple notice, banks will become the owners of immovable properties provided as guarantee by the debtor. Let us see…
The first dispute was aimed at asserting the unlawfulness of the denials to grant tax credit for research and development activities, set forth by Art. 1, Paragraphs 280-283 Law 27.12.2006, n. 296, following the so called Click Day. At first, all entrepreneurs who had come to find themselves in the objective conditions laid down by…
Contractual usury exists even if only the default interest applied to the loan agreement is higher than the threshold rate provided by the memoranda of the Bank of Italy The Firm has recently represented a company which signed a leasing contract with a Bank for the construction of a workshop. From an examination of the…
The Firm has been instructed to safeguard the interests of a client who realized that a credit institution had applied usury rates to the property lease agreement reached between the parties. In similar circumstances, the usual procedure provides for a preliminary and mandatory attempt at conciliation; if that fails, it is then possible to initiate…