When the client’s conduct exempts the bank from liability

In a recent ruling that has become case-law, the Court of Matera has dealt with the matter of the bank’s exemption from joint and several liability, as per Article 31 of the Consolidated Law on Finance on criminal offences committed by its financial advisors, in claims for damages brought by the injured customers.

An insight on the ruling and its consequences by our Benedetta Musco Carbonaro in the March issue of Fondi & Sicav magazine.

Read here (Italian only)

 

Share: