{"id":5420,"date":"2026-06-19T10:52:29","date_gmt":"2026-06-19T08:52:29","guid":{"rendered":"https:\/\/www.crccdlex.com\/?p=5420"},"modified":"2026-06-19T16:11:55","modified_gmt":"2026-06-19T14:11:55","slug":"newsletter-june-2026-pt-1-ma","status":"publish","type":"post","link":"https:\/\/www.crccdlex.com\/en\/newsletter-june-2026-pt-1-ma\/","title":{"rendered":"Newsletter June 2026 (pt. 1): M&#038;A"},"content":{"rendered":"<h4>Italian Supreme Court: where the insurable risk is absent the D&amp;O policy is void<\/h4>\n<p>By Order No. 18458\/2026, published on 8 June 2026, the Italian Supreme Court clarified the scope of application of so-called \u201cD&amp;O\u201d policies (Directors &amp; Officers Liability Insurance), holding that clauses that provide for the reimbursement to the company of sums paid by it to directors by way of indemnity are void where no actual insurable risk exists.<\/p>\n<p>The Supreme Court reaffirmed that the clause, inserted in a so-called \u201dD&amp;O\u201d policy, by virtue of which the insurer undertakes to indemnify a commercial company for sums paid by it to its director in order to hold him harmless from the third-party damages claims arising from willful misconduct or negligence in the performance of the director\u2019s duties, is void for the non-existence of the risk pursuant to Article 1895 of the Italian Civil Code, where the company is not legally obliged, by law or by contract, to indemnify the directors. In such a case, indeed, the company bears no actual patrimonial risk and one of the essential elements of the insurance contract is lacking.<\/p>\n<p>To access the decision, click <a href=\"https:\/\/www.italgiure.giustizia.it\/xway\/application\/nif\/clean\/hc.dll?verbo=attach&amp;db=snciv&amp;id=.\/20260608\/snciv@s30@a2026@n18458@tO.clean.pdf\">here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Italian Supreme Court: where the insurable risk is absent the  [&#8230;]<\/p>\n","protected":false},"author":3,"featured_media":124,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[71],"tags":[],"crccd-news":[164],"class_list":["post-5420","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crccd-news","crccd-news-ma"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Newsletter June 2026 (pt. 1): M&amp;A - Cappelli Riolo Calderaro Crisostomo Del Din &amp; Partners<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.crccdlex.com\/en\/newsletter-june-2026-pt-1-ma\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Newsletter June 2026 (pt. 1): M&amp;A - Cappelli Riolo Calderaro Crisostomo Del Din &amp; Partners\" \/>\n<meta property=\"og:description\" content=\"Italian Supreme Court: where the insurable risk is absent the [...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.crccdlex.com\/en\/newsletter-june-2026-pt-1-ma\/\" \/>\n<meta property=\"og:site_name\" content=\"Cappelli Riolo Calderaro Crisostomo Del Din &amp; Partners\" \/>\n<meta property=\"article:published_time\" content=\"2026-06-19T08:52:29+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-06-19T14:11:55+00:00\" \/>\n<meta name=\"author\" content=\"Francesca Bellecci\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Francesca Bellecci\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.crccdlex.com\\\/en\\\/newsletter-june-2026-pt-1-ma\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.crccdlex.com\\\/en\\\/newsletter-june-2026-pt-1-ma\\\/\"},\"author\":{\"name\":\"Francesca Bellecci\",\"@id\":\"https:\\\/\\\/www.crccdlex.com\\\/en\\\/#\\\/schema\\\/person\\\/20504d1fbd7230310fc3268370ee6ef2\"},\"headline\":\"Newsletter June 2026 (pt. 1): M&#038;A\",\"datePublished\":\"2026-06-19T08:52:29+00:00\",\"dateModified\":\"2026-06-19T14:11:55+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.crccdlex.com\\\/en\\\/newsletter-june-2026-pt-1-ma\\\/\"},\"wordCount\":199,\"image\":{\"@id\":\"https:\\\/\\\/www.crccdlex.com\\\/en\\\/newsletter-june-2026-pt-1-ma\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.crccdlex.com\\\/wp-content\\\/uploads\\\/CRCCD-NEWS-Newsletter.svg\",\"articleSection\":[\"CRCCD News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.crccdlex.com\\\/en\\\/newsletter-june-2026-pt-1-ma\\\/\",\"url\":\"https:\\\/\\\/www.crccdlex.com\\\/en\\\/newsletter-june-2026-pt-1-ma\\\/\",\"name\":\"Newsletter June 2026 (pt. 1): M&A - Cappelli Riolo Calderaro Crisostomo Del Din &amp; 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