Legance Avvocati Associati updates

 
Supreme Court addresses issue of supervening usury
Legance Avvocati Associati
  • Banking
  • Italy
  • November 17 2017

The Italian courts, as well as scholars and legal practitioners, have debated the concept of supervening usury for many years. Until recently, it was unclear whether interest stipulated below the usury threshold at the time of contract, but exceeding such threshold at the time of payment, was usurious. The Supreme Court finally addressed this issue in a recent decision, which ruled out supervening usury entirely.

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