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Archive » June 2022 » The Italian Code of business crisis: how to improve procedures in line with Europe?

The Italian Code of business crisis: how to improve procedures in line with Europe?

Gianfranco Torriero, Francesca Palisi
June 2022 - n. 6
Keywords: Crisi di impresa, banche, sovraindebitmento, esdebitazione
Jel codes: G21, G28, G30, G33

In the current difficult macroeconomic environment, the objective of speeding up and making debt recovery procedures more efficient is crucial: complex restructuring processes, with excessive uncertainties on the protection of creditors’ legality, must be avoided from negatively affecting the supply of credit. As part of the discussions with the Commission which, at the Ministry of Justice, is working on proposals for interventions on the Code of business crisis and insolvency, the Italian Banking Association has formulated a series of observations and proposals for improvement, also to align the Italian rules with the European directive, in particular on the issues of over-indebtedness and judicial liquidation.

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