The Special Purpose Acquisition Company: Special Purpose and Corporate Governance Structure

This chapter deals with Special Purpose Acquisition Companies (SPACs) in Italy and under the Italian company law framework. Contractual freedom is involved in SPACs through private agreements, articles of association, and private forms of financing at the business combination phase that show functional characteristics of the SPAC model as an investment vehicle. Specifically, there is at stake heterogeneous elements derived from contract, company and fiduciary law. The chapter critically analyzes those interactions of different fields of the law within the SPAC model in general and with a specific focus on the Italian legal system.