1. Bulletin 2001 I n� 76 p. 48. In Italy case law admits the validity of the assignment, but it has no property effects. See Cass. 14 novembre 1996, n. 9997; Cass. 17 marzo 1995, n. 3099, in Foro it;Chamber, which initially did not recognize property effects to the assignment of future receivables in case of bankruptcy gradually altered its position to accommodate with the view of the Civil Chamber,2000