Broken justice: the return of the ‘Italian torpedo’

When Italian lawyer Mario Franzosi coined the term “Italian torpedo” in 1997, he described a tactic of preemptively filing lawsuits in slow Italian courts to impede opponents’ legal actions. This practice has resurfaced in post-Brexit Britain, as EU regulations no longer apply, allowing litigators to exploit it again, particularly in financial derivative disputes between Italian municipalities and banks. As the UK prepares to sign the 2019 Hague Convention in 2025, the strategic filing of claims in favorable jurisdictions may further entrench the use of the Italian torpedo, allowing parties to delay enforcement of judgments.

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