2026-03-18
Multiple voting rights in M&A transactions
Practical profiles and impact on SPAs, governance and drag-along clauses after the 2024 reform
01
Abstract
9-slide carousel on how Italy's multiple-voting-rights regime (post-reform) reshapes SPA design, shareholders' agreements and drag-along clauses in M&A.
02
Key takeaways
- 01Multiple voting is not automatic: requires consistent bylaws
- 02Drag-along not immune: clauses must be rewritten
- 03Minority protections: statutory invariants remain
- 04VC funds: use multiple voting for founder retention without diluting control
03
Slides
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