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Court accepts Retelit appeal against 'golden power' ruling

Monday 27 July 2020 | 13:59 CET | News
The Regional Administrative Court of Lazio, the main Italian administrative court of first instance, has accepted an appeal lodged by telecommunications infrastructure provider Retelit against a government fine imposed for infringement of so-called 'golden power' legislation aimed at protecting strategic industries. Back in 2018 the government decided to apply golden-power rules on the grounds that Retelit failed to notify it of corporate changes following its April 2018 AGM, in which a group of shareholders led by German activist fund SVM ended up rejecting a rival slate of candidates

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Categories: Fixed
Companies: Retelit
Countries: Italy
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