Multiple Voting Shares and Sunset Clauses after the Capital Markets Law

Multiple voting shares and enhanced voting rights after the Italian Capital Markets Law: statutory autonomy, sunset clauses and governance balance

This article, published in IUS – Lefebvre Giuffrè and authored by Marco Pistis and Isabelle Roccazzella, examines the amendments introduced by Law No. 21/2024 concerning multiple and enhanced voting shares. It focuses on statutory autonomy, sunset clauses and key practical issues, including quorum and withdrawal rights, within the evolving European framework and Directive (EU) 2024/2810.

Author

IPG, Isabelle Roccazzella, Marco Pistis

Activity area

Corporate and Commercial Law, Corporate Governance and Social Responsibility

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IPG Journal

05/03/2026

Destocking and SME Financing: The New Inventory Securitization

Published by IUS – Lefebvre Giuffrè and written by Federico Ioannoni Fiore and Marco Palestro, the article examines the innovations introduced by Article 8 of the Annual Law for SMEs regarding the financial valorization of inventory assets through securitization transactions, known as destocking. Destocking and SME Financing: The New Inventory Securitization.

04/03/2026

Inventory securitisation opens an alternative financing channel

An analysis by Marco Pistis, Managing Partner of IPG Law Firm, published in ItaliaOggi - Giustizia e Società section, examines the new regulatory framework on the securitisation of inventory assets and its impact on access to credit for Italian SMEs. The full article is available for download.

02/03/2026

Performance measurement indicators to be clearly described

The article, published in Eutekne and authored by Luca Malfatti and Giovanni Ossola, examines the new provisions introduced by IFRS 18 concerning management-defined performance measures (management performance measures). It clarifies their definition and the presumptions related to their use in external communications, and focuses on the related disclosure requirements: presentation in a single note, clear and non-misleading description, calculation methodology, reconciliation to the most directly comparable IFRS totals, disclosure of tax and non-controlling interests effects, as well as the rules applicable in the event of modification, introduction, or discontinuation of such measures. Indici di misurazione della performance da descrivere in modo chiaro

IPG Journal