The Court of Milan decides that damages cannot be given to a company’s director based on simul stabunt simul cadent clauses

Simul stabunt simul cadent clauses are clauses generally included in the by-laws of Italian companies whereby the termination of the office of one or more directors triggers termination of all the other directors’ offices. Such clauses are usually aimed at maintaining the same management

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Daniel Joseph Giuliano, The Court of Milan decides that damages cannot be given to a company’s director based on simul stabunt simul cadent clauses, 14 January 2020, e-Competitions January 2021, Art. N° 99997

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