False Social Communications Impact

Summary

A conviction for false social communications under italian law does not automatically result in a fraudulent or corporate bankruptcy conviction if the company is solvent. Consult a legal expert for detailed guidance.

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Under Italian law in Italy if a company is convicted for false social communications which is * Ter */* comma B , will false social communications trigger automatic fradulent bankruptcy or corporate bankruptcy conviction if its still solvent? Simple answer
Under Italian law, a conviction for false social communications (art. * CC) does not automatically trigger a conviction for fraudulent bankruptcy or corporate bankruptcy if the company is still solvent.