Comment to Court of Milan, 31st July 2015
Bylaws amendments to shareholders’ rights of participation and right to withdraw
in ilsocietario.it, 20th November 2015
According to the Court of Milan, the withdrawal of a shareholder in the regulations governing joint-stock companies, as reformed in 2003, shall be considered an alternative divestment with respect to the sale of the shares on the market for a minority shareholder who dissents from significant corporate decisions. In this systematic context, regulations governing withdrawals can no longer be qualified as exceptional, so restrictive interpretations based on non univocal indicators cannot be accepted.
Published on ilsocietario.it