Advanced corporate law

A.Y. 2020/2021
Overall hours
Learning objectives
The course aims at analyzing the functional aspects and the general objectives of the reform of the law governing joint-stock companies issued in 2003 focusing, with a monographic approach, on specific institutions related to corporate governance, the relationship between controlling and minority shareholders, the protection of corporate creditors and companies financial resources.
Expected learning outcomes
- in-depth knowledge of the institutions object of the course and ability to understand the general principles guiding such institutions;
- ability to critical thinking, to revise notions gained during the course and, furthermore, the ability to apply such competence to specific cases;
- ability to interpret systematically the legal provisions analyzed during the course, to identify their ratio and to express grounded opinions upon the course's main topics;
- use of an appropriate legal language;
- achievement of an advanced learning ability which enables the students to work on papers dedicated to scholars with a high level of autonomy.
Course syllabus and organization

Single session

Lesson period
First semester
The lessons will be held online, using Microsoft Teams, as scheduled in the course timetables. Given the online teaching, the written test will be not carried out during the a.a. 2020/2021. The final text will be exclusively an oral exam.
During the a.a. 2020/2021, hopefully, office hours will take place in person, as usually scheduled. If not possible, due to the Covid-19 emergency regulation, it will take place online using Microsoft Teams, as usually scheduled. In both cases, the appointment has to be defined via e-mail.
Course syllabus
Shareholders' contributions - special categories of shares - loans and segregated assets - financial assistance - share capital - equity and financial structure of the company - invalidity of s.p.a. shareholders' resolutions - directors of s.p.a.: powers, duties, liabilities, division of powers between directors and shareholders' meeting - exit powers of the shareholder - liability of s.r.l. shareholders - groups: in particular, liability for management and coordination - shareholders' agreements in unlisted companies.
Prerequisites for admission
As per the teaching regulation of the degree course; in particular, Institutions of Private Law, Constitutional Law and Commercial Law are preparatory.
Teaching methods
The course is delivered through lectures, which are conducted in a seminar method and trying to provoke the involvement and active participation of the students in the solution of practical cases and in the presentation of some of the essays that are part of the program. The course aims to reconstruct the functional profiles and systemic objectives of the 2003 reform of corporate law, through an in-depth monographic examination of specific institutions within the macro-sectors relating to corporate governance, the dialectic between the control group and minorities, share capital and the equity and financial structure of the company, also with regard to the protection of social creditors and means of financing.
Teaching Resources
C. Angelici, La riforma delle società di capitali, Lezioni di diritto commerciale, Padova, Cedam, ultima edizione;
the following essays - collected in a booklet available at the University's Ariel platform
- in AA.VV., Il nuovo diritto delle società, Liber amicorum Gian Franco Campobasso, diretto da P. Abbadessa e G.B. Portale, Utet giuridica, 2007:
Volume 1:
U. Tombari, «Apporti spontanei» e «prestiti» dei soci nelle società di capitali, pp. 553-578;
M. Notari, Le categorie speciali di azioni, pp. 593-613;
L. Salamone, I «finanziamenti destinati», tra separazione patrimoniale e garanzia senza spossessamento, pp. 877-918;
Volume 2:
A. Stagno d'Alcontres, L'invalidità delle deliberazioni dell'assemblea di s.p.a. La nuova disciplina, pp. 170-216
P. Montalenti, Gli obblighi di vigilanza nel quadro dei principi generali sulla responsabilità degli amministratori di società per azioni, pp. 835-858;
Volume 3:
V. Di Cataldo, Il recesso del socio di società per azioni, pp. 219-255;
V. Meli, La responsabilità dei soci nella s.r.l., pp. 667-699;
G. Scognamiglio, Danno sociale e azione individuale nella disciplina della responsabilità da direzione e coordinamento, pp. 948-971;
Volume 4:
M. Libertini, I patti parasociali nelle società non quotate. Un commento agli articoli 2341 bis e 2341 ter del codice civile, pp. 463-495;
- in AA.VV., Società, banche e crisi di impresa, Liber amicorum Pietro Abbadessa, diretto da M. Campobasso e altri, Utet giuridica, 2014:
Volume 1:
G. Giannelli, Disciplina del capitale, organizzazione del patrimonio, "corretto" finanziamento della società e tutela dei creditori, pp. 479-503;
Volume 2:
G. Guizzi, Riflessioni intorno all'art. 2380 - bis c.c., pp. 1043-1061;
- in AA.VV., Studi in ricordo di Pier Giusto Jaeger, Giuffrè, 2011:
A. Vicari, La nuova disciplina dell'assistenza finanziaria, pp. 645-678.
Assessment methods and Criteria
The final test is an oral exam. The evaluation is expressed with a score in thirtieth, with possible laude. Near the end of the course (except as provided for the Covid- 19 emergency period), a written test of profit is carried out, in which only students who have attended at least 80% of the lessons are allowed to participate. It is related to topics dealt with in class and is structured in open questions on practical cases, with the aim of verifying the student's ability to develop articulated and in-depth legal arguments. The oral test is aimed at ascertaining, in addition to knowledge of the notions, the student's dialectical skills.
IUS/04 - BUSINESS LAW - University credits: 6
Lessons: 42 hours
Professor: Sacchi Roberto
Dipartimento di Diritto Privato e Storia del Diritto - 1° floor