BUSINESS LAW 2
Instructional goals
The course examines the law governing limited liability companies, cooperatives and European companies, as well as business contracts, negotiable instruments, corporate crises and insolvency proceedings. It thus complements the BUSINESS LAW 1 course, with which it shares the aim of highlighting the role of business law in the development of businesses and the economy, balancing regulatory frameworks with the autonomy of private parties.
Intended learning outcomes
Knowledge and understanding: through attendance at face-to-face and online lectures, students will build on the knowledge of corporate law institutions acquired in the BUSINESS LAW 1 course, focusing on the organisational structure of the public limited company (including the limited partnership with share capital variant), the cooperative, and the group of companies. The course provides opportunities for students to engage actively through participation in thematic seminars or in-depth discussions with lecturers, industry experts, legal practitioners, and representatives from businesses and institutions. These initiatives, closely linked to the topics covered during the course, are designed to strengthen students’ critical and practical understanding of the subject, fostering interdisciplinary discussion and a constant dialogue between theoretical principles and the practical application of business law. An oral examination at the end of the course will assess the knowledge acquired. Ability to apply knowledge and understanding: students will be equipped to interpret the legal provisions governing the organisational models under study and to understand the relationship between mandatory rules and private autonomy, with particular regard to closed, publicly listed companies with widely held share capital. An oral examination will be held at the end of the course to assess the knowledge acquired. Ability to apply knowledge and understanding: students will be able to interpret the legal provisions governing the organisational models under study and to understand the relationship between mandatory rules and private autonomy, with particular regard to closed, publicly listed companies with widely held share capital. An oral examination is scheduled at the end of the course to assess the knowledge acquired. Independence of judgement: the research methodology acquired during the course enables students to identify data and materials relevant to the analysis of business law sources and to critically evaluate the various doctrinal and jurisprudential approaches that have developed in relation to each legal institution under study. In this way, students acquire the ability to analyse specific cases and are enabled to assess them from a legal perspective. Communication skills: by the end of the course, students will be able to use the technical legal vocabulary specific to business law with appropriate terminological accuracy. Learning skills: the technical and legal knowledge acquired during the course enables students to understand and interpret, even independently, new legislation and doctrinal and case-law developments relating to the business law institutions covered in the course.
Course Contents
Limited liability companies. Cooperative societies. European companies. Business contracts. Negotiable instruments. Corporate crises and insolvency proceedings
Reference Books
G. Presti, M. Rescigno, Corso di diritto commerciale, Volume Unico, Zanichelli, Bologna, 2025, 12ª ed., Volume I – Impresa, Contratti, Titoli di credito, Crisi e insolvenza e Volume II – Società, pp. 91-105, pp. 107-108, p. 121, pp. 125-128, pp. 140-142, pp. 145-170, pp. 201-278, pp. 281-282, pp. 287-293, pp. 296-303, pp. 307-312, pp. 317-318, pp. 325-327, pp. 329-341, pp. 350-362, pp. 371-373, pp. 375-380, pp. 387-388, pp. 393-398, p. 465, pp. 627-693, pp. 788-791.
Or:
G.F. Campobasso, Diritto commerciale 2. Diritto delle società, UTET, Torino, 2024, 11ª ed. a cura di M. Campobasso, pp. 563-605, pp. 607-648, pp. 693-702.
G.F. Campobasso, Diritto commerciale 3. Contratti, Titoli di credito, Procedure concorsuali, UTET, Torino, 2022, 6ª ed. a cura di M. Campobasso, pp. 31-36, pp. 105-161, pp. 225-238, pp. 253-279, pp. 281-333, pp. 337-364, 369-385, pp. 407-428, pp. 443-467, pp. 469-479, pp. 483-500, pp. 509-517.
Teaching Methods
Lecture-style teaching
Assessment Method
The examination consists of an oral examination. Students must demonstrate that they have understood the principles and concepts of BUSINESS LAW 2 and the key concepts covered in the course. Students must also demonstrate that they are able to interpret and correctly apply theoretical concepts to practical cases.
Students are required to use the technical legal terminology of the subject correctly, thereby demonstrating that they have acquired the study methods and learning skills necessary to continue studying the subject independently. Marks are awarded on a scale of 30.
Forms of monitoring and interim assessment of students’ progress may be carried out, although the final mark will only be awarded following the final examination, which will take place at the end of the course in accordance with the assessment methods and criteria specified in detail above.
Thesis assignment criteria
Course attendance and successful completion of the exam
Week 1
WEEK 1 – THE LIMITED LIABILITY COMPANY: PRINCIPLES AND KEY FEATURES
The limited liability company: key features
Lez. XXI, 4.2 e Lez. XXX, 1 del Manuale Presti-Rescigno (vol. II)
Cap. XVIII, 1 del Manuale Campobasso (vol. II)
Lez. XXXI, 4 del Manuale Presti-Rescigno (vol. II)
Cap. XVIII, 13 del Manuale Campobasso (vol. II)
Week 2
WEEK 2 – THE LIMITED LIABILITY COMPANY: FORMATION AND FINANCIAL STRUCTURE
Lez. XXX, 2-3.3 del Manuale Presti-Rescigno (vol. II)
Cap. XVIII, 2-3 del Manuale Campobasso (vol. II)
Lez. XXX, 4-6 del Manuale Presti-Rescigno (vol. II)
Cap. XVIII, 4-8 del Manuale Campobasso (vol. II)
Lez. XXX, 3.4 del Manuale Presti-Rescigno (vol. II)
Cap. XVIII, 3 del Manuale Campobasso (vol. II)
Week 3
WEEK 3 – THE LIMITED LIABILITY COMPANY: THE ADMINISTRATIVE FUNCTION AND MODELS OF MANAGEMENT
The division of responsibilities between shareholders and directors: the statutory model and contractual models
Lez. XXXI, 2-2.6., 2.7.1. e 2.7.3. del Manuale Presti-Rescigno (vol. II)
Cap. XVIII, 11-12 del Manuale Campobasso (vol. II)
Lez. XXXI, 2.1, 2.8. del Manuale Presti-Rescigno (vol. II)
Cap. XVIII, 11 del Manuale Campobasso (vol. II)
Week 4
WEEK 4 – THE LIMITED COMPANY: SHAREHOLDERS’ RIGHTS AND DECISIONS
Shareholders’ decisions: powers and decision-making procedures
Lez. XXXI, 1.1-1.2 del Manuale Presti-Rescigno (vol. II)
Cap. XVIII, 9 del Manuale Campobasso (vol. II)
Lez. XXXI, 1.3 del Manuale Presti-Rescigno (vol. II)
Cap. XVIII, 10 del Manuale Campobasso (vol. II)
Lez. XXX, 4.2 del Manuale Presti-Rescigno (vol. II)
Cap. XVIII, 5 del Manuale Campobasso (vol. II)
Week 5
WEEK 5 – THE AUDITOR AND AUDITING. AMENDMENTS TO THE MEMORANDUM OF ASSOCIATION. THE EUROPEAN COMPANY AND THE HARMONISATION OF COMPANY LAWS
Lez. XXXI, 2.7.2. del Manuale Presti-Rescigno (vol. II)
Cap. XVIII, 11 del Manuale Campobasso (vol. II)
Lez. XXXI, 3 del Manuale Presti-Rescigno (vol. II)
Cap. XVIII, 12 del Manuale Campobasso (vol. II)
Lez. XXXVI del Manuale Presti-Rescigno (vol. II)
Cap. XXI del Manuale Campobasso (vol. II)
Week 6
WEEK 6 – CO-OPERATIVE SOCIETIES
Co-operative societies and mutualistic objectives. Co-operatives with a predominantly mutualistic nature
Lez. XXXII, 1, 2 del Manuale Presti-Rescigno (vol. II)
Cap. XIX, A, 1-3 del Manuale Campobasso (vol. II)
Lez. XXXII, 1.1 del Manuale Presti-Rescigno (vol. II)
Cap. XIX, A, 4 del Manuale Campobasso (vol. II)
Lez. XXXII, 3-5.5, 6-7 del Manuale Presti-Rescigno (vol. II)
Cap. XIX, A, 5-16 del Manuale Campobasso (vol. II)
Lez. XXXII, 5.6., 8 del Manuale Presti-Rescigno (vol. II)
Cap. XIX, A, 17 e B del Manuale Campobasso (vol. II)
Week 7
WEEK 7 – BUSINESS CONTRACTS
The category of business contracts. Business-to-consumer and business-to-business contracts.
Lez. VII, 2.1, 2.3 del Manuale Presti-Rescigno (vol. I)
Cap. 4 del Manuale Campobasso (vol. III)
Lez. VII, 2.1, 2.3 del Manuale Presti-Rescigno (vol. I)
Cap. 4 del Manuale Campobasso (vol. III)
Lez. VIII, 4-4.3 del Manuale Presti-Rescigno (vol. I),
Cap. 17, 1-5 del Manuale Campobasso (vol. III)
Week 8
WEEK 8 – FINANCIAL INTERMEDIATION. BANKING CONTRACTS
Leasing, factoring, and securitisation of receivables
Lez. IX, 4 e 4.1. del Manuale Presti-Rescigno (vol. I)
Cap. 14, A del Manuale Campobasso (vol. III)
Lez. IX, 4.2. del Manuale Presti-Rescigno (vol. I)
Cap. 14, B del Manuale Campobasso (vol. III)
Lez. IX, 4.2. del Manuale Presti-Rescigno (vol. I)
Cap. 14, C del Manuale Campobasso (vol. III)
Lez. IX, 1-3, del Manuale Presti-Rescigno (vol. I)
Cap. 13 del Manuale Campobasso (vol. III)
Week 9
WEEK 9 – NEGOTIABLE INSTRUMENTS. GENERAL PRINCIPLES
Origins, function and characteristics of negotiable instruments as the archetypes of payment and financing instruments. Circulation, exceptions, amortisation. Dematerialisation. Improper instruments and documents of title.
Lez. XI e Lez. XII del Manuale Presti-Rescigno (vol. I)
Cap. XIX del Manuale Campobasso (vol. III)
Week 10
WEEK 10 – THE BILL OF EXCHANGE. THE CHEQUE
The bill of exchange. The financial bill of exchange
Lez. XIII del Manuale Presti-Rescigno (vol. I)
Cap. XX del Manuale Campobasso (vol. III)
Lez. XIII del Manuale Presti-Rescigno (vol. I)
Cap. XXI e XXII del Manuale Campobasso (vol. III)
Week 11
WEEK 11 – CORPORATE CRISIS AND THE INSOLVENCY PROCEDURES SYSTEM. JUDICIAL LIQUIDATION AND PREVENTIVE COMPOSITION. RECOVERY PLANS AND DEBT RESTRUCTURING AGREEMENTS
Corporate crisis and the insolvency procedures system
Lez. XIV del Manuale Presti Rescigno (vol. I)
Cap. XXIII del Manuale Campobasso (vol. III)
Lez. XVI del Manuale Presti Rescigno (vol. I)
Cap. XXIV del Manuale Campobasso (vol. III)
Lez. XV, 6-6.5., 6.7.-6.10., 6.12, del Manuale Presti Rescigno (vol. I)
Cap. XXV, A del Manuale Campobasso (vol. III)
Lez. XV, 2, 4-4.5., del Manuale Presti Rescigno (vol. I)
Cap. XXXIII, 6 e Cap. XXV, B del Manuale Campobasso (vol. III)
Week 12
WEEK 12 – COMPULSORY ADMINISTRATIVE LIQUIDATION. THE SPECIAL ADMINISTRATION OF LARGE INSOLVENT COMPANIES. OVER-INDEBTEDNESS
Lez. XVII, 1-1.2., del Manuale Presti Rescigno (vol. I)
Cap. XXVI del Manuale Campobasso (vol. III)
Lez. XVII, 2-2.4., del Manuale Presti Rescigno (vol. I)
Cap. XXVII, 1-5, del Manuale Campobasso (vol. III)
Lez. XVII, 4.5, 4.6., del Manuale Presti Rescigno (vol. I)
Cap. XXVIII, A/B, del Manuale Campobasso (vol. III)