Omnibus sureties and violation of the principles of fair competition: some observations ahead of the Joint Sections’ conference
10-14-2021
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]
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