Attività di direzione e coordinamento e (insussistenza di) responsabilità per i debiti della controllata

The Italian Supreme Court denies the existence of a liability of the parent company for debts of the subsidiary company. In particular the decision rejects the thesis proposed by the applicant that justifies the existence of such liability on the basis of: a ) the letter of art . 2497, paragraph 3, c.c. and b ) the presence of infragroup transactions