Principal bank’s charges for advances on bank receipts in current accounts with authority to collect20 July 2021
Liability of shareholders and liquidators for failure to pay company taxes20 July 2021
Italian Supreme Court, Civil Section I, Order no. 19187/21 lodged on 06/07/2021, stated that, in the context of an advance transaction on invoices settled in a current account, actual failure by the bank to re-credit the customer’s ordinary current account with the amounts collected from the third party, debtor of its customer, and failure by the bank to use it to extinguish previous account holder’s liabilities, constitutes an “anomalous” way of extinguishing the obligation entailing a cause for revocation under art. 67, paragraph 1, no. 2 of the Insolvency Law.