In the event that the defendant’s default has been declared in the absence of notification of the summons, the arbitration award will not be recognized in Italy (C.d.A. Florence, section 1, 30 May 2006)

The “prescribtion” period is set according to the type of credit and in general, except in cases where the law provides otherwise, the credit is prescribed in 10 years (art. 2946 c.c.).