ITALY: CRIMES COMMITTED IN THEIR INTEREST, OR FOR THEIR BENEFIT, IN ITALY BY THEIR SENIOR MANAGERS OR EMPLOYEES

On 11 June, Jones Day published an article saying that multinationals operating in Italy should develop and implement a compliance system in line with the requirements and standards provided for by a 2001 Decree following a recent Italian Supreme Court decision.  The decision says that foreign companies can be liable for the “administrative” (quasi-criminal) liability under the Decree.  Under the Decree, in a form of vicarious liability, when a company’s senior manager or an employee is sentenced for a crime within its scope, the court can also sanction the entity in whose interest, or for whose benefit, the crime was committed.

https://www.jdsupra.com/legalnews/italian-supreme-court-crimes-benefiting-14595/

 

 

If you would like to say thanks by making a small contribution, in case I need to upgrade or replace my computers and other paraphernalia, I have a page at https://www.buymeacoffee.com/KoIvM842y

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s