Italian casino bankruptcy halted

Friday 4th December 2020

The bankruptcy of Casino Campione in Italy has been cancelled, it has been confirmed by the Italian Supreme Court.

The court confirmed the judgment of the Court of Appeal, abolishing the bankruptcy, ruling as "inadmissible" an appeal presented by the Banca Populare di Sondrio.

The bank, as a creditor of the casino, argued that the management company was "non-fallible." Consequently, it argued, because it was a cross-claim, it had dropped the defence that has been presented.

The judgement of the Milan Court of Appeal is therefore confirmed, abolishing for a technicality the bankruptcy ruled originally by the Court of Como in July.

Source
We use cookies and other tracking technologies to improve your browsing experience on our website, to show you personalized content and targeted ads, to analyze our website traffic, and to understand where our visitors are coming from. By browsing our website, you consent to our use of cookies and other tracking technologies. View more
Agree & Continue