{"id":3344,"date":"2026-01-25T19:40:42","date_gmt":"2026-01-25T18:40:42","guid":{"rendered":"https:\/\/www.hessepartner.it\/?p=3344"},"modified":"2026-01-25T19:40:48","modified_gmt":"2026-01-25T18:40:48","slug":"joint-and-several-liability-of-shareholders-not-managing-sharholder-of-italian-ltd-srl","status":"publish","type":"post","link":"https:\/\/www.hessepartner.it\/en\/joint-and-several-liability-of-shareholders-not-managing-sharholder-of-italian-ltd-srl\/","title":{"rendered":"Joint and several liability of shareholders \u2013 not managing sharholder- of Italian LTD \/ SRL"},"content":{"rendered":"<p data-start=\"1393\" data-end=\"1902\"><br data-start=\"1499\" data-end=\"1502\" \/>In order no. 1358\/2026, the Italian Supreme Court (Corte di Cassazione) held that, pursuant to Article 2476(8) of the Italian Civil Code, a non-managing shareholder of an S.r.l. is <strong data-start=\"1683\" data-end=\"1690\">not<\/strong> jointly and severally liable with the director for any act of mismanagement (<em data-start=\"1768\" data-end=\"1781\">mala gestio<\/em>) merely by virtue of being the company\u2019s \u201cowner\u201d. Such liability arises only in respect of conduct which simultaneously:<\/p>\n<ul data-start=\"1904\" data-end=\"2118\">\n<li data-start=\"1904\" data-end=\"1989\">\n<p data-start=\"1906\" data-end=\"1989\">can be characterised as <strong data-start=\"1930\" data-end=\"1969\">managerial\/administrative in nature<\/strong> (<em data-start=\"1971\" data-end=\"1981\">gestorie<\/em>); and<\/p>\n<\/li>\n<li data-start=\"1990\" data-end=\"2118\">\n<p data-start=\"1992\" data-end=\"2118\"><strong data-start=\"1992\" data-end=\"2006\">influences<\/strong> the directors in the managerial act that was resolved upon, carried out, and subsequently proved to be harmful.<\/p>\n<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>In order no. 1358\/2026, the Italian Supreme Court (Corte di Cassazione) held that, pursuant to Article 2476(8) of the Italian Civil Code, a non-managing shareholder of an S.r.l. is not jointly and severally liable with the director for any act of mismanagement (mala gestio) merely by virtue of being the company\u2019s \u201cowner\u201d. Such liability arises  [&#8230;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3344","post","type-post","status-publish","format-standard","hentry","category-unkategorisiert"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Joint and several liability of shareholders \u2013 not managing sharholder- of Italian LTD \/ SRL -<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.hessepartner.it\/en\/joint-and-several-liability-of-shareholders-not-managing-sharholder-of-italian-ltd-srl\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Joint and several liability of shareholders \u2013 not managing sharholder- of Italian LTD \/ SRL -\" \/>\n<meta property=\"og:description\" content=\"In order no. 1358\/2026, the Italian Supreme Court (Corte di Cassazione) held that, pursuant to Article 2476(8) of the Italian Civil Code, a non-managing shareholder of an S.r.l. is not jointly and severally liable with the director for any act of mismanagement (mala gestio) merely by virtue of being the company\u2019s \u201cowner\u201d. Such liability arises [...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.hessepartner.it\/en\/joint-and-several-liability-of-shareholders-not-managing-sharholder-of-italian-ltd-srl\/\" \/>\n<meta property=\"article:published_time\" content=\"2026-01-25T18:40:42+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-01-25T18:40:48+00:00\" \/>\n<meta name=\"author\" content=\"Georg Hesse\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Georg Hesse\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" 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