Demerger by demerger split – similarities and differences to traditional demergers and contribution in kind
Article 51 of Legislative Decree No. 19/2023 added Article 2506.1 to the Italian Civil Code, which introduced a new version of the demerger into the Italian legal system, called demerger by demerger split, through which the demerged company assigns part of its assets to one or more newly incorporated companies (or also to existing companies, as provided for by the Milan Notary Council’s Maximum No. 209 of 7 November 2023) receiving shares or quotas of the same, continuing its business.