The Liquidity Decree has introduced changes to restructuring and insolvency procedures to help businesses cope with the repercussions of the Covid-19 epidemic and the Italian government’s lockdown measures.

Some measures have a direct impact on insolvency and restructuring procedures, such as the deferral of the entry into force of Italy’s new Crisis and Insolvency Code, the suspension of processing bankruptcy requests, and measures on pre-bankruptcy arrangements with creditors and debt restructuring agreements; others (of a more corporate or financial nature) play a key role in preventing company crises/insolvencies, such as the suspension of the application of civil provisions on the reduction of capital due to losses, and financial measures to support businesses.

If you would like a copy of the analysis carried out by our Restructuring and Insolvency Focus Team, in coordination with our Covid-19 Task Force, just email covid19@belex.com.