Disproportionate profit distributions: strengths and weaknesses of Italian Revenue Agency Ruling No. 90/2026

by A&P, Matteo Aicardi, Fabrizio Ricci | 28 May, 2026 | Publications

A contribution published in IPSOA Quotidiano examines Italian Revenue Agency Ruling No. 90/2026, which for the first time addresses the tax treatment of profit distributions made on a basis that is disproportionate to shareholders’ equity interests. According to...

Third edition of the book “The Role of the Expert in Negotiated Crisis Composition Proceedings”

by A&P, Piero Aicardi, Maria Edvige Chiari, Achille Mazzanti | 22 May, 2026 | Publications

Aicardi & Partners contributed to the third edition of the book “The Role of the Expert in Negotiated Crisis Composition Proceedings”, published by G. Giappichelli Editore, with two chapters focused on the operational aspects of negotiated crisis composition...

Aicardi & Partners financial advisor in a bankruptcy arrangement under Article 124 of the Italian Bankruptcy Law

by A&P | 21 May, 2026 | News - en

Aicardi & Partners advised Selvi Srl, acting as financial advisor, in the submission of a bankruptcy arrangement proposal under Article 124 of the Italian Bankruptcy Law in relation to the Sant’Elia S.p.A. insolvency proceedings. The transaction enabled the...

Aicardi & Partners together with C-Oralia and D-Entity in the merger by incorporation into Nexxta S.p.A.

by A&P, Paolo Azzolini | 21 May, 2026 | News - en

D-Entity S.r.l. and C-Oralia S.r.l., two leading companies in the Italian dental technology sector, have launched their expansion project through a merger by incorporation and the simultaneous transformation into a joint-stock company, thus creating NEXXTA S.p.A.....

Late-issued certificates and the Parent-Subsidiary exemption: the Italian Supreme Court confirms a substance-over-form approach

by A&P, Matteo Aicardi | 21 May, 2026 | Publications

Italian Supreme Court order no. 13128/2026 clarifies that the late receipt of a certificate issued by the foreign tax authority does not preclude the withholding tax exemption on EU dividends under Article 27-bis of Presidential Decree no. 600/1973, provided that the...