Home CASI OPERATIVI The illegality of the revocation of the bank credit agreement

The illegality of the revocation of the bank credit agreement

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22 April 2020 of EVOLUTION Download in PDF

A temporary enterprise Financial difficulty is seen by the bank to notify the revocation of a credit line. Is the revocation in question legitimate?

The civil law allows the withdrawal from an assignment contract that has not yet expired. In fact, the article 1845 cod. civ. establishes that before the agreed term, in the presence of a just cause, a crediting bank can exercise the right of withdrawal from a credit agreement (such as the opening of credit in a current account and the credit transfer loan, for example).
From this it follows that the payments ordered by the bank client to be settled on the relationships subject to revocation must be understood as revoked with immediate effect from the notification of the revocation in question. Therefore, it will be illegal to use any means of payment,  » Read More

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