INTRANET
Copyright 2020 - Quorum Studio Legale e Tributario Associato - Credits

Disputes concerning the appeal against a resolution approving the financial statements of a company are outside the scope of arbitration

Court of Turin, 06 September 2020, Est. Di Capua

date: 09.10.2020
Area: Corporate, M&A

Disputes relating to the appeal against a resolution approving the financial statements of a company are excluded from the scope of arbitration, since the rules which protect the relevant requirements are not only mandatory, but concern rights that are not available. In fact, the provisions in question, not only guarantee the interest of each individual shareholder to be informed of the company’s performance at the end of each financial year, but exist to protect the legitimate expectations of everyone who comes into contact with the company and who, consequently, has the right to know the financial and economic situation of the entity with which they interact.

Disputes concerning the appeal against a resolution approving the financial statements of a company are outside the scope of arbitration

Court of Turin, 06 September 2020, Est. Di Capua

date: 09.10.2020
Area: Corporate, M&A

Disputes relating to the appeal against a resolution approving the financial statements of a company are excluded from the scope of arbitration, since the rules which protect the relevant requirements are not only mandatory, but concern rights that are not available. In fact, the provisions in question, not only guarantee the interest of each individual shareholder to be informed of the company’s performance at the end of each financial year, but exist to protect the legitimate expectations of everyone who comes into contact with the company and who, consequently, has the right to know the financial and economic situation of the entity with which they interact.