The confirmatory deposit in a property purchase under Italian Law
The confirmatory deposit (Article 1385 of the Civil Code) is the sum of money that one party delivers to the other, at the time of the contract of sale, and it works as a “deposit” to guarantee the fulfilment of contractual obligations. Refund of the confirmatory deposit If the party who paid the deposit becomes […]
Coronavirus and commercial leasing agreements in Italy
COVID-19 outbreak is impacting worldwide societies and economies. In particular, the pandemic affected the corporate and industrial fabric of majority of developed countries. In such context, COVID-19 has disrupted contractual relationships between enterprises and contractors based on the Italian territory. Italian Prime Minister’s decree has led to the temporary closure of non-necessary activities within […]
Coronavirus and non-performance of contractual obligations
Coronavirus outbreak represents an extraordinary event that is casting doubts about the sustainability of economic and societal systems. One of the most dominant effects is the non-compliance with contractual deadlines. Due to inevitable decline of incomes and subsequent liquidity crisis, enterprises and individual entities were forced to delay or freeze payments to suppliers and employees […]
Italian breach of contract and Coronavirus
The outbreak of coronavirus caused disruption across the world. In connection with this, local and worldwide governments have imposed a series of containment measures including self-quarantine, lockdown of certain cities, extension of public holidays, and international travel restrictions. The global concern toward an intangible threat also influences practice area of law such as employment law, […]
Coronavirus and the Law: contracts and dispute resolution
The outbreak of coronavirus caused disruption across greater China and its region. In connection with this, local and worldwide governments have imposed a series of containment measures. For instance, lockdown of certain cities located in the People’s Republic of China Mainland, extension of public holidays, and international travel restrictions or quarantine measures imposed by Australia, […]