A recent Supreme Court judgment addressed the issue of maritime liens and the remuneration of shipping companies’ court-appointed managers by adopting a strict interpretation of the maritime liens rules. According to such interpretation, judicial managers should not be considered a company’s preferred creditors for their remuneration.
The court appointed two managers as judicial directors of a shipping company in accordance with Article 2409 of the Civil Code as a result of significant irregularities in the company’s management by its former directors.
Despite the court’s control over the company’s affairs, the company became insolvent and was declared bankrupt.
The jud…
Read the full article at: http://www.internationallawoffice.com/Newsletters/Shipping-Transport/Italy/Dardani-Studio-Legale/Supreme-Court-adopts-strict-interpretation-of-maritime-liens-and-judicial-managers-remuneration
