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Omnibus sureties and violation of the principles of fair competition: some observations ahead of the Joint Sections’ conference

The Joint Sections’ ruling on the controversial issue of the validity of omnibus sureties to guarantee bank transactions which faithfully reproduce articles 2,6 and 8 of the 2002’s ABI forms for sureties censored by Bank of Italy in May 2005 is very much awaited. The order of referral – which provides a true picture of the case-law landscape – is an opportunity to re-analyse certain critical issues in opting for an invalidation remedy.

Source: 4c Legal [link]

4cLegal 14.10.202196.44 KB