Tar rules in favor of a Palermo film company’s appeal for post-Covid funding

Last Updated: June 26, 2024

The article explains how a company in the film industry in Palermo, Italy, applied for a zero-interest loan from a special fund set up by the region to support businesses affected by the Covid-19 pandemic. The company’s loan application was initially rejected by the bank, but the company appealed the decision and took legal action. The court ultimately ruled in favor of the company, stating that the bank’s reasons for denial were unfounded and that the company was a reliable and solvent business. As a result, the bank was instructed to reconsider the loan application and cover the legal costs of the company.