{"id":1071,"date":"2023-11-16T10:47:18","date_gmt":"2023-11-16T09:47:18","guid":{"rendered":"https:\/\/padlex.com\/?p=1071"},"modified":"2023-11-16T10:48:53","modified_gmt":"2023-11-16T09:48:53","slug":"italian-companies-law-division-by-separation","status":"publish","type":"post","link":"https:\/\/padlex.com\/en\/italian-companies-law-division-by-separation\/","title":{"rendered":"Italian companies\u2019 law: division by separation"},"content":{"rendered":"<h3>Transposition of the Directive (EU) 2019\/2121 in Italy<\/h3>\n<p>Italy has recently transposed the <a href=\"https:\/\/eur-lex.europa.eu\/legal-content\/EN\/TXT\/HTML\/?uri=CELEX:32019L2121\">Directive (EU) 2019\/2121<\/a> of 27 November 2019 (amending Directive (EU) 2017\/1132 as regards cross-border conversions, mergers and divisions), setting forth, <em>inter alia<\/em>, the rules governing the <strong>division by separation<\/strong> (<em>scissione mediante scorporo<\/em>).<\/p>\n<h3>Forms of company division available before the transposition<\/h3>\n<p>Until the transposition of Directive (EU) 2019\/2121, the Italian law regulated only two kinds of company division:<\/p>\n<ul>\n<li>Full division<\/li>\n<li>Partial division<\/li>\n<\/ul>\n<p>In case of a full division (<em>scissione totale<\/em>), a company, on &#8211; usually &#8211; being dissolved without going into liquidation, transfers all its assets and liabilities to two or more recipient companies, in exchange for the issue to the members of the company being divided of securities or shares in the recipient companies.<\/p>\n<p>In case of a partial division (<em>scissione parziale<\/em>), a company transfers part of its assets and liabilities to one or more recipient companies, in exchange for the issue to the members of the company being divided of securities or shares in the recipient companies, and, under certain circumstances, in the company being divided or in both the recipient companies and the company being divided.<\/p>\n<h3>Division by separation<\/h3>\n<p>When a <strong>division by separation<\/strong> (<em>scissione mediante scorporo<\/em>) occurs, a company being divided transfers part of its assets and liabilities to one or more newly formed recipient companies, in exchange for the issue to the company being divided of securities or shares in the recipient companies.<\/p>\n<p>More in details, the new rules have been enacted by implementing the Italian Civil Code with <a href=\"https:\/\/www.gazzettaufficiale.it\/atto\/serie_generale\/caricaArticolo?art.versione=1&amp;art.idGruppo=329&amp;art.flagTipoArticolo=2&amp;art.codiceRedazionale=042U0262&amp;art.idArticolo=2506&amp;art.idSottoArticolo=1&amp;art.idSottoArticolo1=20&amp;art.dataPubblicazioneGazzetta=1942-04-04&amp;art.progressivo=0\">article 2506.1<\/a>, headed &#8216;<em>Scissione mediante scorporo&#8217;<\/em>.<\/p>\n<p>Furthermore, it has been discussed whether the company being divided can assign all of its assets and liabilities to the recipient company(ies). The prevalent opinion is that only part of the assets and liabilities can be assigned, thus sticking to the literal meaning of article 2506.1: if all the assets and liabilities were transferred, the transaction should be considered a contribution in kind (<em>conferimento<\/em>).<\/p>\n<p>In addition, it is important to note that recipient company(ies) have to be newly formed and cannot pre-exist the division.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Recent changes in the Italian law opened the doors to divisions of companies by separation by which the company being divided assigns part of its assets and liabilities to one ore more newly formed recipient companies in exchange of shares in the recipient companies<\/p>\n","protected":false},"author":3,"featured_media":720,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"class_list":["post-1071","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-in-evidenza-en"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Italian companies\u2019 law: division by separation - PAD lex<\/title>\n<meta name=\"description\" content=\"Changes in the Italian law, following the transposition of EU legislation, have opened the doors to the division of companies by separation.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/padlex.com\/en\/italian-companies-law-division-by-separation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Italian companies\u2019 law: division by separation - PAD lex\" \/>\n<meta property=\"og:description\" content=\"Changes in the Italian law, following the transposition of EU legislation, have opened the doors to the division of companies by separation.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/padlex.com\/en\/italian-companies-law-division-by-separation\/\" \/>\n<meta property=\"og:site_name\" content=\"PAD lex\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-16T09:47:18+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-16T09:48:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/padlex.com\/wp-content\/uploads\/2023\/06\/risorse.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1800\" \/>\n\t<meta property=\"og:image:height\" content=\"1200\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Lorenzo Princivalle\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Lorenzo Princivalle\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/padlex.com\/en\/italian-companies-law-division-by-separation\/\",\"url\":\"https:\/\/padlex.com\/en\/italian-companies-law-division-by-separation\/\",\"name\":\"Italian companies\u2019 law: division by separation - PAD lex\",\"isPartOf\":{\"@id\":\"https:\/\/padlex.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/padlex.com\/en\/italian-companies-law-division-by-separation\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/padlex.com\/en\/italian-companies-law-division-by-separation\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/padlex.com\/wp-content\/uploads\/2023\/06\/risorse.jpg\",\"datePublished\":\"2023-11-16T09:47:18+00:00\",\"dateModified\":\"2023-11-16T09:48:53+00:00\",\"author\":{\"@id\":\"https:\/\/padlex.com\/#\/schema\/person\/fccecb8465eaf5e7d6d11093c7ca5f97\"},\"description\":\"Changes in the Italian law, following the transposition of EU legislation, have opened the doors to the division of companies by separation.\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/padlex.com\/en\/italian-companies-law-division-by-separation\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/padlex.com\/en\/italian-companies-law-division-by-separation\/#primaryimage\",\"url\":\"https:\/\/padlex.com\/wp-content\/uploads\/2023\/06\/risorse.jpg\",\"contentUrl\":\"https:\/\/padlex.com\/wp-content\/uploads\/2023\/06\/risorse.jpg\",\"width\":1800,\"height\":1200,\"caption\":\"division-by-separation\"},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/padlex.com\/#website\",\"url\":\"https:\/\/padlex.com\/\",\"name\":\"PAD lex\",\"description\":\"Studio legale \u2013 Associazione Professionale\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/padlex.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/padlex.com\/#\/schema\/person\/fccecb8465eaf5e7d6d11093c7ca5f97\",\"name\":\"Lorenzo Princivalle\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/padlex.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/96d59f4d6d6555e8c29757f2b6119236bcef164991764ef24706b0f7fb43d697?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/96d59f4d6d6555e8c29757f2b6119236bcef164991764ef24706b0f7fb43d697?s=96&d=mm&r=g\",\"caption\":\"Lorenzo Princivalle\"},\"url\":\"https:\/\/padlex.com\/en\/author\/lprincivalle\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Italian companies\u2019 law: division by separation - PAD lex","description":"Changes in the Italian law, following the transposition of EU legislation, have opened the doors to the division of companies by separation.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/padlex.com\/en\/italian-companies-law-division-by-separation\/","og_locale":"en_US","og_type":"article","og_title":"Italian companies\u2019 law: division by separation - PAD lex","og_description":"Changes in the Italian law, following the transposition of EU legislation, have opened the doors to the division of companies by separation.","og_url":"https:\/\/padlex.com\/en\/italian-companies-law-division-by-separation\/","og_site_name":"PAD lex","article_published_time":"2023-11-16T09:47:18+00:00","article_modified_time":"2023-11-16T09:48:53+00:00","og_image":[{"width":1800,"height":1200,"url":"https:\/\/padlex.com\/wp-content\/uploads\/2023\/06\/risorse.jpg","type":"image\/jpeg"}],"author":"Lorenzo Princivalle","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Lorenzo Princivalle","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/padlex.com\/en\/italian-companies-law-division-by-separation\/","url":"https:\/\/padlex.com\/en\/italian-companies-law-division-by-separation\/","name":"Italian companies\u2019 law: division by separation - PAD lex","isPartOf":{"@id":"https:\/\/padlex.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/padlex.com\/en\/italian-companies-law-division-by-separation\/#primaryimage"},"image":{"@id":"https:\/\/padlex.com\/en\/italian-companies-law-division-by-separation\/#primaryimage"},"thumbnailUrl":"https:\/\/padlex.com\/wp-content\/uploads\/2023\/06\/risorse.jpg","datePublished":"2023-11-16T09:47:18+00:00","dateModified":"2023-11-16T09:48:53+00:00","author":{"@id":"https:\/\/padlex.com\/#\/schema\/person\/fccecb8465eaf5e7d6d11093c7ca5f97"},"description":"Changes in the Italian law, following the transposition of EU legislation, have opened the doors to the division of companies by separation.","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/padlex.com\/en\/italian-companies-law-division-by-separation\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/padlex.com\/en\/italian-companies-law-division-by-separation\/#primaryimage","url":"https:\/\/padlex.com\/wp-content\/uploads\/2023\/06\/risorse.jpg","contentUrl":"https:\/\/padlex.com\/wp-content\/uploads\/2023\/06\/risorse.jpg","width":1800,"height":1200,"caption":"division-by-separation"},{"@type":"WebSite","@id":"https:\/\/padlex.com\/#website","url":"https:\/\/padlex.com\/","name":"PAD lex","description":"Studio legale \u2013 Associazione Professionale","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/padlex.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/padlex.com\/#\/schema\/person\/fccecb8465eaf5e7d6d11093c7ca5f97","name":"Lorenzo Princivalle","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/padlex.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/96d59f4d6d6555e8c29757f2b6119236bcef164991764ef24706b0f7fb43d697?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/96d59f4d6d6555e8c29757f2b6119236bcef164991764ef24706b0f7fb43d697?s=96&d=mm&r=g","caption":"Lorenzo Princivalle"},"url":"https:\/\/padlex.com\/en\/author\/lprincivalle\/"}]}},"_links":{"self":[{"href":"https:\/\/padlex.com\/en\/wp-json\/wp\/v2\/posts\/1071","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/padlex.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/padlex.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/padlex.com\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/padlex.com\/en\/wp-json\/wp\/v2\/comments?post=1071"}],"version-history":[{"count":5,"href":"https:\/\/padlex.com\/en\/wp-json\/wp\/v2\/posts\/1071\/revisions"}],"predecessor-version":[{"id":1076,"href":"https:\/\/padlex.com\/en\/wp-json\/wp\/v2\/posts\/1071\/revisions\/1076"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/padlex.com\/en\/wp-json\/wp\/v2\/media\/720"}],"wp:attachment":[{"href":"https:\/\/padlex.com\/en\/wp-json\/wp\/v2\/media?parent=1071"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/padlex.com\/en\/wp-json\/wp\/v2\/categories?post=1071"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/padlex.com\/en\/wp-json\/wp\/v2\/tags?post=1071"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}