Cleary Corporate Breakfast

Is Tacit Renewal of Shareholders’ Agreements at Risk?

In October, the Brescia Court of Appeals declared that the tacit renewal clause of a shareholders’ agreement was void because the minimum prior notice period for avoiding the renewal was excessive. The decision will be the starting point for a review of the most common renewal mechanisms and for a discussion on the potential impact of this decision (and the views of a number of scholars) on the drafting of these clauses and on existing shareholders’ agreements.

The seminar was part of the Cleary Corporate Breakfast series and took place at the Rome office (Piazza di Spagna, 15) and the Milan office (Via San Paolo, 7).