Mr Luca Autuori

Luca Autuori

Updates

Banking & Financial Services

New lease of life in Italy
Italy | 02 February 2018

With the Competition Law's recent entry into force, the legislature has finally established a clear legal framework by defining the concept of a 'financial lease' and the consequences for banks (or leasing companies) and clients following a breach of contract. These provisions make financial leases a more transparent tool with the aim of boosting their appeal and increasing investment by Italian companies, thus fostering economic growth.