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John J Law President Simona Frignani Secretary General To find out how to become a member and to learn more about our events, activities and services, please visit our website: VI 5 Preface International Professional English Certificates IPEC Dear Reader, As you will have already read in the foreword by our president, John Law, we are delighted to support this work, representing, as it does, a valuable point of contact between the Italian legal system and the English speaking world. We were particularly pleased to be asked to give our contribution on the editorial side, as we feel that this work is very much in symbiosis with our own efforts to promote knowledge of legal English among Italian lawyers and law students through our I.

Legal English Module examinations. These examinations which were developed in collaboration with Milan's Just Legal Services are available at B2 and C1 levels, and are recognised as an external qualification for the degree course in law at Milan's Bocconi university, Thousands of young law students and lawyers have taken the examinations since their introduction inand have thereby acquired familiarity with legal English terminology and many aspects of the British legal system, as well as becoming aware of the British Chamber of Commerce and the services it can provide throughout their careers.

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The action plan for the financial markets defined by the European Commission in order to guarantee integration, competitiveness and efficiency of the European system has, by now, reached its conclusion. Yet what remains excluded from this process is company law specific for each State member. This publication has the merit to promote access to knowledge and comprehension of those company rules representing national specificities. The availability of having domestic rules of company operation in two languages, indeed, integrates the harmonization effort at European level giving readers a facilitated access to national norms.

The publication therefore represents a valid outline in order to understand the working mechanisms of listed companies and a necessary support for foreign investors to have informed choices.

The Borsa Italiana Italian Stock Exchangesince graatis foundation, has favoured an internationalization process of those markets it manages with the aim of giving Italian companies valid solutions to the need of financing and a superior liquidity pool. Its integration with the London Stock Exchange has given life to the main European Stock Exchange Group gratid has created the foundation for a further strong growth of the Italian market on a European and International scale. Bearing this is mind, this publication represents an important merging instrument between the law provisions for the companies and for the foreign investors.

In times of economic downturn, providing tools that could simplify, and therefore enhance, cross-border business relations has become increasingly important. This volume is a useful vade mecum for anybody who wants to set up a new business in Italy, and a precious ally for our mission, which consists both in promoting the local business community abroad and in strengthening Lombardy economic system competitiveness worldwide, easing the attraction of foreign resources in the area. Attracting foreign direct investments is of crucial importance for Italy, as such flows play a significant role in the economic growth of our country, promoting employment, know-how and more broadly an over-all development on a number of levels.

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The importance of FDIs is becoming increasingly relevant especially now that Italy is on the verge to face a major challenge such as Expoan international event with over 21 million visitors which is going to put Italy, and more specifically Milan and Lombardy, under the spotlight. Expo Milano is going to be a unique opportunity for companies to showcase leadership, innovations and solutions in a global forum. The entrepreneurial community will be able to engage with foreign and national institutions, governments and consumers from all over the world, thus becoming part of an international network which will allow them to build future strategic alliances and to catch unique business opportunities.

Inafter the successful experience of Invest in Milan which has been running for almost 6 years now Promos, in collaboration with Unioncamere Lombardia, the Chambers of Commerce in Lombardy and Regione Lombardia decided to tackle all these challenges by setting up Invest in Lombardy, a new, innovative Investment Promotion Agency geared to the needs of foreign businesses that are considering Milan, or more broadly Lombardy, as a destination for their investment projects.

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Downooad relying on an established network of partners involved in a broad range of business activities, Invest in Lombardy is able to support foreign investors during the entire process of settlement and investment, enabling them to exploit all the opportunities that Milan and Lombardy have to offer, and advising them on every downloax of starting and running a business in Italy. IX 8 Preface Besides Expothere are many reasons for investing in Lombardy, a region characterized by a dynamic economy, with a strong manufacturing and industrial tradition, a land that can boast a well-combined natural attention to innovation, internationalization and openness to new sectors.

In our daily effort to assist companies in being successful in an increasingly competitive scenario, the chance of having technical and precise legal tools, such as this updated English translation of the Italian Civil Code with a focus on the Italian corporate law, represents a valuable help to our institution as well as a precious tool for all the entrepreneurs that are thinking of investing in Lombardy. Pier Andrea Chevallard Direttore Promos To learn more about our services and activities, please visit our website: Marchetti - L. Bianchi - F.

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