Abstract
The commentary refers to a recent decision of the United Chambers of the Supreme Court
upholding the joint and several liability under Article 2055(1) of the Civil Code of trust companies whose directors, by failing to perform their management duties, caused the loss of
the capital provided to them by certain investors, and of the Ministry of Economic Development, which contributed to the occurrence of the loss through inadequate supervision.
In accordance with the prevailing orientation, which is also criticised by the commentator,
although it contributes to the final result of the decision, the judgement recognises that solidarity can affect responsibilities with different titles (contractual and non-contractual),
as long as they cause the same damage at the causal level: with the consequence that the request for inclusion in the liabilities in the compulsory liquidation proceedings, made by
the investors within a five-year period, is valid ex Art. 1310, first paragraph, Civil Code, to
interrupt the statute of limitations also in relation to the Ministry subject to the Aquilian
liability regime with a five-year limitation period.
Translated title of the contribution | [Autom. eng. transl.] Failure of the trust company and compensatory solidarity: the point of the United Sections |
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Original language | Italian |
Pages (from-to) | 567-577 |
Number of pages | 11 |
Journal | PACTUM |
Publication status | Published - 2022 |
Keywords
- Solidarietà
- Risarcimento
- Prescrizione
- Interruzione
- Concorso
- Contributory Liability
- Joint and several liability
- Damages
- Statute of limitations
- Interruption
- Responsabilità