Volume 10 (2013)

Volume 10 (2013) / Issue 2

Pierre de Gioia-Carabellese, Nicola Cecchetto, 'The Separate Fund: A Peculiar Italian Legal Concept' (2013) 10 European Company Law, Issue 2, pp. 45–50


Under Italian Law, the separate fund (or patrimoni destinati ad uno specifico affare) is a concept introduced as a result of the Italian company law reform a decade ago to introduce an innovative way to do business. In short, a fraction up to ten per cent of the assets of a company is to be isolated from the company of origin and set up to carry out business by itself, with a high degree of autonomy in terms of liabilities, albeit under the management of the parent entity.

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ISSN: 1572-4999
ID: EUCL2013011