Intesa Sanpaolo S.p.A. and Lady Lawyer Foundation (LLF)
Lead NCPItaly
Supporting NCP(s)
DescriptionSpecific instance submitted by Lady Lawyer Foundation (LLF) concerning an alleged non-observance of the Guidelines by Intesa Sanpaolo S.p.A.
Theme(s)General policies, Disclosure, Competition
Date18 Jul 2019
Host country(ies)Italy
Industry sectorFinancial and insurance activities
StatusNot accepted

Read the final statement issued by the Italian NCP - 5 December 2019

On 18 July 2019, the Lady Lawyer Foundation (LLF), an NGO, submitted a specific instance alleging that Intesa Sanpaolo S.p.A, an Italian banking group that also has the authority to seize an apartment used by LLF in case of nonpayment, began searching for a possible buyer of the property used by LLF prior to the execution of a judge's order of the sale of the apartment. The company responded to the allegations made by the submitting party and rejected them.

The NCP undertook an initial assessment and concluded that the Guidelines were observed, the actions taken by the company fell within the normal course provided for by the Italian legal system. Furthermore, it concluded that any complaints related to this type of procedure should be brought to a judge with jurisdiction over the matter. On 5 December 2019, the NCP published its final statement not accepting the case.