Pursuant to Article 43(f) of Presidential Decree no. 131/1986, the basis for registration tax on deeds of pledge guaranteeing third parties’ obligations is represented by the guaranteed amount, or, if the collateral consists of money or securities, by the value of the pledged asset, if lower than that of the guaranteed obligations.
In today’s global economy, the logistics sector has sustained considerable growth and is expected to grow further, in the years to come. Supply chain processes and transportation are critical factors for meeting the needs and demands of the global economy.
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.
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