--- title: Italian Class Action Law Passed description: On Wednesday, April 3, the Italian parliament passed a long-awaited class action law with broad application. image: https://info.drrt.com/hubfs/a.jpg --- [![DRRT – GLOBAL SECURITIES LITIGATION, INSTITUTIONAL CLAIMS FILING AND LITIGATION SUPPORT](https://info.drrt.com/hubfs/DRRT_May2018%20Theme/Images/drrt-logo.png)](https://drrt.com/) - English - [Français](https://drrt.com/fr) - [Deutsch](https://drrt.com/de) - [日本語](https://drrt.com/ja) - [Italiano](https://drrt.com/it) - [Español](https://drrt.com/es) [GPS Secure Login](https://gps.drrt.com/Login.aspx) - [Home](https://drrt.com/) - [Our Firm](https://drrt.com/our-firm/overview/) - [Overview](https://drrt.com/our-firm/overview/) - [DRRT Advantages](https://drrt.com/our-firm/drrt-advantages/) - [Why Choose Us](https://drrt.com/our-firm/why-choose-us/) - [Significant Recoveries](https://drrt.com/our-firm/significant-recoveries/) - [Our Team](https://drrt.com/our-team/attorney/) - [Attorneys](https://drrt.com/our-team/attorney/) - [Firm Leadership](https://drrt.com/our-team/firm-leadership/) - [Areas of Expertise](https://drrt.com/areas-of-expertise/global-securities-litigation/u-s-and-canadian-securities-litigation/) - Global Securities Litigation - [U.S. and Canadian Securities Litigation](https://drrt.com/areas-of-expertise/global-securities-litigation/u-s-and-canadian-securities-litigation/) - [International Securities Litigation](https://drrt.com/areas-of-expertise/global-securities-litigation/international-securities-litigation/) - [Financial Antitrust Litigation](https://drrt.com/areas-of-expertise/global-securities-litigation/financial-antitrust-litigation/) - [Arbitration and Alternative Dispute Resolution](https://drrt.com/areas-of-expertise/global-securities-litigation/arbitration-and-alternative-dispute-resolution/) - [Institutional Claims Filing](https://drrt.com/areas-of-expertise/institutional-claims-filing/) - Litigation Support - [Telephone Consumer Protection Act (TCPA)](https://drrt.com/areas-of-expertise/litigation-support/telephone-consumer-protection-act-tcpa/) - [Consumer Class Actions](https://drrt.com/areas-of-expertise/litigation-support/consumer-class-actions/) - [Cases](https://drrt.com/cases/global-securities-litigation/open-cases/) - Global Securities Litigation - [Open Cases](https://drrt.com/cases/global-securities-litigation/open-cases/) - [Filed Cases](https://drrt.com/cases/global-securities-litigation/filed-cases/) - Track Record - [U.S. Cases](https://drrt.com/cases/global-securities-litigation/track-record/u-s-cases/) - [Non-U.S. Cases](https://drrt.com/cases/global-securities-litigation/track-record/non-u-s-cases/) - Institutional Claims Filing - [U.S./Canadian Securities Class Actions](https://drrt.com/cases/institutional-claims-filing/u-s-canadian-securities-class-actions/) - [Securities-Related Antitrust Class Actions](https://drrt.com/cases/institutional-claims-filing/securities-related-antitrust-class-actions/) - [Dutch Foundation Settlements](https://drrt.com/cases/institutional-claims-filing/dutch-foundation-settlements/) - [Australian Securities Class Actions](https://drrt.com/cases/institutional-claims-filing/australian-securities-class-actions/) - [Insolvency Proceedings](https://drrt.com/cases/institutional-claims-filing/insolvency-proceedings/) - [Events](https://drrt.com/events/upcoming-events/) - [Upcoming Events](https://drrt.com/events/upcoming-events/) - [Past Events](https://drrt.com/events/past-events/) - [News](https://drrt.com/news/articles-publications/) - [Articles & Publications](https://drrt.com/news/articles-publications/) - [Corporate Social Responsibility](https://drrt.com/corporate-social-responsibility/) - [Contact Us](https://drrt.com/contact-us/) # DRRT's Global Loss Recovery Blog # Italian Class Action Law Passed Posted by [Joseph Gulino](https://info.drrt.com/blog/author/joseph-gulino) on May 13, 2019 12:29:04 PM - [Tweet](https://twitter.com/share) On Wednesday, April 3, the Italian parliament passed a long-awaited class action law with broad application.  The road to the creation of this law has taken many years, and it will not be fully in force until next year.  While this is a welcome development for institutional investors in publicly traded companies, it could be significant amount of time before we see any real case develop, particularly relating to securities claims, as the law only apply to events taking place after the entry in force.   This new law is an advance of the previous class action law, in force for the past decade.  That law arose out of a modification of the consumer code, passed in the wake of the Parmalat scandal that broke in 2003, and was intended to bring class actions to the Italian system.  However, and as with similar to attempts in in other European jurisdictions, the application of the class action procedure was severely limited.  In Italy, this did not extend the application – despite the Parmalat scandal as the impetus – to claims by shareholders in publicly traded companies.  The new law removes the class action provisions from the consumer code and modifies the code of civil procedure in order to implement the class action.    The actions can be brought by any affected individuals or by any registered consumer associations acting on their behalf and these cases can only be brought in the special corporate sections of the civil courts where the defendants are based.    Once a court has approved that an action should be handled as a class action, there will be a 60-day period when other actions can be brought and consolidated together with the main case.  After that time, the court will open a registration period during which other parties can opt-in to the case.  It also provides an “opt in” possibility at later stages of the action, including after judgment.   The new law entering into force in 2020 has provisions for a lead plaintiff and permits contingency fees both for lawyers and added compensation of the entity appointed as lead plaintiff. The fees must be approved by the court and will follow a fee scale to be set.   It is not yet clear what costs or entrance fee for the registration of additional parties will be.   Other aspects of Italian civil procedure will still be in place, which means that the class action will not be as feasible, effective or affordable as the US class action, as adverse party costs will still apply (though these are capped by statute).      While this law doesn’t affect the various cases we have underway in Italy, we will continue to monitor its implementation and beginning in April 2020 the possibilities to use this mechanism for our institutional investor clients Topics: [Class Action](https://info.drrt.com/blog/tag/class-action), [Italy](https://info.drrt.com/blog/tag/italy) ### Recent Posts ### Subscribe Here! ### Posts by Tag - [Global Loss Recovery (12)](https://info.drrt.com/blog/tag/global-loss-recovery) - [Class Action (11)](https://info.drrt.com/blog/tag/class-action) - [shareholders (8)](https://info.drrt.com/blog/tag/shareholders) - [U.S. Securities Class Actions (6)](https://info.drrt.com/blog/tag/u-s-securities-class-actions) - [shareholder protection (6)](https://info.drrt.com/blog/tag/shareholder-protection) - [Securities Litigation (5)](https://info.drrt.com/blog/tag/securities-litigation) - [institutional investor (5)](https://info.drrt.com/blog/tag/institutional-investor) - [Settlement (4)](https://info.drrt.com/blog/tag/settlement) - [Settlements (4)](https://info.drrt.com/blog/tag/settlements) - [corporate social responsibility (4)](https://info.drrt.com/blog/tag/corporate-social-responsibility) - [legal (4)](https://info.drrt.com/blog/tag/legal) - [litigation (4)](https://info.drrt.com/blog/tag/litigation) - [Arbitration (3)](https://info.drrt.com/blog/tag/arbitration) - [claims (3)](https://info.drrt.com/blog/tag/claims) - [corporate governance (3)](https://info.drrt.com/blog/tag/corporate-governance) - [corporate social responsability (3)](https://info.drrt.com/blog/tag/corporate-social-responsability) - [financial recovery services (3)](https://info.drrt.com/blog/tag/financial-recovery-services) - [investor lawsuits (3)](https://info.drrt.com/blog/tag/investor-lawsuits) - [investors (3)](https://info.drrt.com/blog/tag/investors) - [law (3)](https://info.drrt.com/blog/tag/law) - [lawsuit (3)](https://info.drrt.com/blog/tag/lawsuit) - [netherlands (3)](https://info.drrt.com/blog/tag/netherlands) - [COVID-19 (2)](https://info.drrt.com/blog/tag/covid-19) - [CSR (2)](https://info.drrt.com/blog/tag/csr) - [Claims Filing (2)](https://info.drrt.com/blog/tag/claims-filing) - [Community (2)](https://info.drrt.com/blog/tag/community) - [ICGN (2)](https://info.drrt.com/blog/tag/icgn) - [Philips (2)](https://info.drrt.com/blog/tag/philips) - [SEC (2)](https://info.drrt.com/blog/tag/sec) - [Support (2)](https://info.drrt.com/blog/tag/support) - [classaction (2)](https://info.drrt.com/blog/tag/classaction) - [complaint (2)](https://info.drrt.com/blog/tag/complaint) - [conference (2)](https://info.drrt.com/blog/tag/conference) - [corporategovernance (2)](https://info.drrt.com/blog/tag/corporategovernance) - [dutch (2)](https://info.drrt.com/blog/tag/dutch) - [germany (2)](https://info.drrt.com/blog/tag/germany) - [hypo real estate (2)](https://info.drrt.com/blog/tag/hypo-real-estate) - [investor loss recovery (2)](https://info.drrt.com/blog/tag/investor-loss-recovery) - [lawfirm (2)](https://info.drrt.com/blog/tag/lawfirm) - [lawyers (2)](https://info.drrt.com/blog/tag/lawyers) - [loss recovery (2)](https://info.drrt.com/blog/tag/loss-recovery) - [protection (2)](https://info.drrt.com/blog/tag/protection) - [shareholder lawsuit (2)](https://info.drrt.com/blog/tag/shareholder-lawsuit) - [whisteblowers (2)](https://info.drrt.com/blog/tag/whisteblowers) - [Antitrust (1)](https://info.drrt.com/blog/tag/antitrust) - [Brazil (1)](https://info.drrt.com/blog/tag/brazil) - [ESG (1)](https://info.drrt.com/blog/tag/esg) - [Economic Crime (1)](https://info.drrt.com/blog/tag/economic-crime) - [FX (1)](https://info.drrt.com/blog/tag/fx) - [Italy (1)](https://info.drrt.com/blog/tag/italy) - [KapMuG (1)](https://info.drrt.com/blog/tag/kapmug) - [Kobe (1)](https://info.drrt.com/blog/tag/kobe) - [LIBOR (1)](https://info.drrt.com/blog/tag/libor) - [Opt-out (1)](https://info.drrt.com/blog/tag/opt-out) - [Regulatory Update (1)](https://info.drrt.com/blog/tag/regulatory-update) - [South Africa (1)](https://info.drrt.com/blog/tag/south-africa) - [Steinhoff (1)](https://info.drrt.com/blog/tag/steinhoff) - [Symposium (1)](https://info.drrt.com/blog/tag/symposium) - [The Miami Foundation (1)](https://info.drrt.com/blog/tag/the-miami-foundation) - [WAMCA (1)](https://info.drrt.com/blog/tag/wamca) - [article (1)](https://info.drrt.com/blog/tag/article) - [australia (1)](https://info.drrt.com/blog/tag/australia) - [compliance (1)](https://info.drrt.com/blog/tag/compliance) - [danskebank (1)](https://info.drrt.com/blog/tag/danskebank) - [discussion (1)](https://info.drrt.com/blog/tag/discussion) - [japan (1)](https://info.drrt.com/blog/tag/japan) - [litigation funding (1)](https://info.drrt.com/blog/tag/litigation-funding) - [newsletter (1)](https://info.drrt.com/blog/tag/newsletter) - [petrobras (1)](https://info.drrt.com/blog/tag/petrobras) - [regulations (1)](https://info.drrt.com/blog/tag/regulations) - [reporters (1)](https://info.drrt.com/blog/tag/reporters) - [scholarship (1)](https://info.drrt.com/blog/tag/scholarship) - [steel (1)](https://info.drrt.com/blog/tag/steel) - [stewardship (1)](https://info.drrt.com/blog/tag/stewardship) - [swfi (1)](https://info.drrt.com/blog/tag/swfi) - [uk (1)](https://info.drrt.com/blog/tag/uk) - [webinar (1)](https://info.drrt.com/blog/tag/webinar) - [whisteblower (1)](https://info.drrt.com/blog/tag/whisteblower) See all - [Miami](https://drrt.com/contact-us/) - [Frankfurt](https://drrt.com/contact-us/) - [Paris](https://drrt.com/contact-us/) - [London](https://drrt.com/contact-us/) **[Website Privacy Policy](https://drrt.com/website-privacy-policy/)** © 2023 **DRRT**, all rights reserved by Alexander Reus, P.A. dba **DRRT**, a limited partner of Diaz Reus & Targ LLP. No information on drrt.com site constitutes legal advice. The selection of legal counsel is an important decision. Contacting **DRRT** via its website does not create an attorney-client relationship. - - - ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "Joseph Gulino", "url" : "https://info.drrt.com/blog/author/joseph-gulino" }, "dateModified" : "2019-05-13T16:40:04.146Z", "datePublished" : "2019-05-13T16:29:04.000Z", "headline" : "Italian Class Action Law Passed", "image" : [ "https://info.drrt.com/hubfs/a.jpg" ], "mainEntityOfPage" : { "@id" : "https://info.drrt.com/blog/italian-class-action-law-passed", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://info.drrt.com/hubfs/DRRT%20WHITE_FNL-4.png" }, "name" : "ALEXANDER REUS PA DBA DRRT" } } ```