D&O and PI policies will have to account for the increased level of liabilities, which the new Consolidated Insolvency Act – entering into force on 15 August 2020 – will create for company directors and for statutory auditors. Taking into account the creation of new liabilities upon the directors and the role and duties of statutory auditors under the law, including ensuring compliance by managers with the law and the company’s article of association, it…
Multi-party trials are increasingly being used across Europe. In Italy, where class action rules were enacted in January 2010, Parliament recently passed a new bill which will have a material impact on Italian class action law. The new bill is aimed at broadening the scope of class actions and the range of possible claimants. Opt-in system The Italian class action is based on an opt-in system which distinguishes it from class action for example in…