Skip to main content van Berings


Years Insights 

Italy – Supreme Court Ruling on the Repayment Term of Overdraft Facilities

​Following the termination of an overdraft facility, a bank obtains a payment injunction in court and claws back the family trust created by the debtors, who resist by claiming that the payment injunction had been applied for prior to the elapse of the 15-days grace period awarded by article 1845 of the Italian Civil Code to the debtors for repayment of the outstanding overdraft facilities.