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LETTERS OF PATRONAGE AND INSURANCE COMPANIES

Under the current trade practice, the letters of patronage are widely used for purposes of warranty. They consist of statements, usually written in epistolary form, issued by the so-called “patronnant” (generally an holding or a parent company), to a bank or another credit company in ...

MOVING FROM THE ‘NEW INJUNCTION’: “OVER-INDEBTEDNESS” AND ENTRY REQUIREMENTS TO THE “FRESH START"

The art. 480, par. 2, of the Italian Civil Trial Code, as known, has been amended by the Article 13 of the D.L. n. 83/2015 (so-called decreto “anti credit crunch”), issued on June 27 last, (pursuant to art. 13), referred to the “form of injunction”.  By this way a new formal fulfillment ...

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