Abstract
Under Italian Law, the separate fund (or patrimoni destinati ad uno specifico affare) is a concept introduced as a result of the Italian company law reform a decade ago to introduce an innovative way to do business. In short, a fraction up to ten per cent of the assets of a company is to be isolated from the company of origin and set up to carry out business by itself, with a high degree of autonomy in terms of liabilities, albeit under the management of the parent entity.
Original language | English |
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Pages (from-to) | 45-50 |
Number of pages | 6 |
Journal | European Company Law |
Volume | 10 |
Issue number | 2 |
Publication status | Published - 2013 |
Externally published | Yes |