171,070 research outputs found
La categoria generale degli strumenti finanziari nella disciplina codicistica della società per azioni
No full textThe Italian Civil Code has allowed joint-stock companies to issue financial instruments; but there is still no certainty as to which elements characterize the participatory financial instruments and in what these differ from the non-participatory financial instruments. The author supports the thesis that p.f.i. are provided by art. 2346, sixth paragraph, c.c. and n.p.f.s. by art. 2411 c.c.: the former article allows to collect venture capital, while the latter debt capital. The category of p.f.i. includes the shares, while the category of n.p.f.i. fully identifies with the bonds. As far as the concept of “participation” is concerned, it does not identify with sharing the risk but with a peculiar way of sharing: the participatory instruments, unlike the non-participatory ones, do not give a credit but only a conditional credit. Because of the above, it is possible to understand how to record the money given by those who subscribe to non-equity p.f.i. It cannot be recorded as capital, since this only occurs with shares, and cannot be included in the net assets, as this would mean a greater risk than that shareholders are subject to. The contribution must therefore be recorded as a company’s deb
Il diritto d'intervento e di impugnazione del nudo proprietario di partecipazione sociale
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Ancora in tema di validità della clausola di consolidazione in capo ai soci superstiti della quota del socio defunto di s.r.l.
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La libertà d’impresa degli operatori stranieri nell’ordinamento societario cinese
No full textNel 2020 è entrata in vigore in Cina la cosiddetta Foreign Investment Law (FIL), ossia la
nuova disciplina degli investimenti esteri, la quale modifica radicalmente il rapporto tra la
Cina e le imprese occidentali operanti nel suo territorio.
Tale riforma consegue a un evidente mutamento nelle esigenze dell’economia cinese, essendo da qualche tempo venute meno le ragioni che avevano indotto a dettare una disciplina differenziata delle società di capitali straniere rispetto a quella applicabile alle società
cinesi.
Le tipologie societarie a disposizione degli investitori esteri sono dunque oggi quelle stesse utilizzabili dall’imprenditoria cinese, ovverosia quelle tipizzate dalla Partnership Law introdotta nel 1997 e dalla Company Law entrata in vigore nel 1993.
Il presente studio è volto a indagare da un lato quanto siano effettivamente funzionali i modelli tipizzati nella Company Law e dall’altro se la novella legislativa del 2020 abbia o meno comportato per gli operatori occidentali un incremento della libertà d’impresa.
Da ultimo vengono proposte alcune considerazioni relativamente alla libertà di accesso che la Repubblica Popolare Cinese concede oggi all’imprenditoria straniera.In 2020, the so-called Foreign Investment Law (FIL), which radically changes relationship
between China and Western companies operating in its territory, entered into force. The
reform follows clear change in Chinese economy, which no longer needs a law concerning
foreign companies different from that concerning Chinese companies: now corporate models that can be used by foreign investors are therefore the same ones that Chinese entrepreneurs can use that is, those governed by the 1997 Partnership Law and by the 1993
Company Law.
This study is also aimed at investigating on the one hand how functional the models governed by the Company Law are and on the other whether the FIL has led to an increase in
freedom of enterprise for Western operators.
At the end, I propose some considerations regarding the freedom of access that People’s Republic of China now grants to foreign entrepreneurs
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