Company Law, Banking, Trust Company, Bank Escrow, Escrow Agreement, Court of Cassation, I Civ. Sec., Order n. 7364 of 23/03/2018
Injunction of payment to the fiduciary company, principal debtor, and to guarantors. On the basis of the application the bank placed a provisional contract and the guarantees issued; the loans granted were requested based on the existence of an escrow agreement set up at a foreign bank with trust funds; escrow agreement non-existent; conferment of the management of the escrow agreement in fiduciary administration. Source Supreme Court of Cassation...
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