CORPORATE | The Supreme Court on “abuse of majority” in limited liability companies

On 17 February 2024, the Supreme Court issued its ruling in case No. 4034/2024 helding that an “abuse of majority” may occur where the quotaholders’ meeting of a limited liability company approves to cancel from the by-laws the “internal” pre-emption right and, shortly after, one of the majority quotaholders transfer its quota freely, without the right of the minority quotaholder to purchase such quota.

Newsletter n. 96 – May 2024