TERMINATION FOR CONVENIENCE IN FIXED-TERM JOINT STOCK COMPANIES: THE RECENT SENTENCE BY THE SUPREME COURT

The recent judgement no. 2629 issued by the Italian Supreme Court on 26 January 2024 ruled about the admissibility of termination for convenience in fixed-term joint stock companies.

 

Termination upon notice in joint stock companies is provided for by art. 2437 of the Italian civil code, that lists the cases in which withdrawal from the company can be considered just cause termination. The third paragraph provides for termination for convenience limited to permanent joint stock companies.