New guidelines on the assignment by way of security of rents deriving from the lease of a going concern
New case law
The assignment of rent deriving from agreements for the lease of a going concern comprising immovable property and having a term longer than three years must be registered with the land registry so as to become enforceable against third parties. The Supreme Court has so rule...
The prohibition of Riba under Italian law
As known the prohibition of Riba is central to Islamic finance. All transactions and contracts must be free from elements of Riba. The word Riba literally means increase. However, in debt transactions the word ‘interest’ is generally understood as Riba. Interest is the excess amount which a c...