Orsingher Ortu – Avvocati Associati
Most Read: Contributor Italy, November 2023
Italy:
The Supreme Court On Revocatory Action And Replacement Of Immovable Assets
26 October 2023
Orsingher Ortu – Avvocati Associati
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On 14 July 2023, the Italian Supreme Court issued its judgement
in case No. 15475 ruling, inter alia,
that it is not necessary for an action for revocation (azione
revocatoria) to be deemed legitimate that the consistency of
the debtor's assets is jeopardized, it being sufficient that
the act of disposal has made the satisfaction of the claim less
easy or more difficult. The Supreme Court added that a qualitative
change in debtor's assets - such as the replacement of
immovable assets by quotaholdings - also justifies an action for
revocation.
Originally published by August - September, 2023
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