Collocamento in qualsiasi forma, controllo e apertura al mercato dei capitali

Translated title of the contribution: [Autom. eng. transl.] Placement in any form, control and opening to the capital market

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Abstract

The ruling deals with the issue of the qualification of a company as issuer of financial instruments widely distributed among the public set forth by article 2325-bis of the Italian civil code and article 2-bis of Con-sob regulation no. 11971 del 1999 (Issuers’ Regulation), following a transaction of free assignment of shares. The Court of Milan affirms that in the present case several indicators show the lack of the qualitative requirement of a placement realized in whatsoever form capable of demonstrating the intention of the issuer or its controlling shareholder to access the capital market. Hence, this paper analyses the requirements set forth by law for the qualification of issuers of financial instruments widely distributed among the public and focuses on corporate control and opening to capital markets for the purposes of a placement pursuant to article 2-bis of the Issuers’ Regulation.
Translated title of the contribution[Autom. eng. transl.] Placement in any form, control and opening to the capital market
Original languageItalian
Pages (from-to)1246-1256
Number of pages11
JournalLE SOCIETÀ
Publication statusPublished - 2021

Keywords

  • collocamento
  • emittenti azioni diffuse

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