Rivista del Diritto Commerciale e del diritto generale delle Obbligazioni

Abstract: Private limited company and raising of “debt capital” – In recent years, the legislator has provided private limited companies with alternative forms of financing. These sources of alternative finance covered at first “start-up companies”, then SMEs, and finally private limited companies tout court (see recently reformed d. lgs. no. 58/1998). The paper carries out an analysis of these (new and latest) rules, with specific attention to the raising of “debt capital”. The essay first deals with subjective profile, i.e. which companies can access these alternative forms of financing; furthermore, it considers the role of online crowdfunding platforms in light of both national and European law.  

Sommario: 1. Premessa per una perimetrazione tematica del lavoro. – 2. Titoli di debito e strumenti finanziari partecipativi. – 3. L’offerta attraverso i portali on-line di cui all’art. 100-ter del d.lgs. n. 58/1998: una ricostruzione dell’evoluzione legislativa del sistema. – 3.1. Le novità introdotte a seguito dell’entrata in vigore del regolamento UE/2020/1503.

Keywords: Private limited company — finance sources — crowdfunding.