Author: hbladmin

Procedural steps Article 543 of the Italian civil procedure code (‘c.p.c.’) deals with the attachment by a judgement creditor of assets that belong to the judgment debtor and that are in the possession of a third party and also with the attachment of debts owed by a third party to the judgment debtor. As we…

The anti-suit injunction is a permanent injunction that blocks a party from litigating in a foreign jurisdiction. In foreign court proceedings, an anti-suit injunction prohibits the infringing party from issuing or, as is more common, continuing with court proceedings. An anti-suit injunction is legally binding on the respondent party against whom the injunction is granted.…

The impact of “Brexit” on the legal framework As of 31 December 2020, the United Kingdom is no longer an EU Member State. This means that the United Kingdom is a third country for the purpose of the Brussels Recast Regulation 1215/2012 (Brussels Recast). The EU-UK Trade and Cooperation Agreement establishing the terms of UK’s…

The Italian office of Hanover Bond Law is assisting a major German asset manager in connection with the development of a new luxury resort in Costa Smeralda, the famous “Emerald Coast” in the North of Sardinia. In 2018 partners Luca Salerno and Luja Ling assisted the client in connection with the acquisition of the resort…

Inheriting property or other assets situated in Italy We often come across situations where a person that is based outside of Italy inherits assets located in Italy. The situation typically arises when an Italian national settles abroad. Italy has historically had one of the highest rates of home ownership in the world. Italians tend to…

Buying a property in Italy: The “Contratto Preliminare” Once the buyer of a property located in Italy agrees with the seller the purchase price and other key terms, such as the date when the handover of the property will happen, the parties enter into a “contratto preliminare”, literally a “preliminary contract”. The preliminary contract has…