The Business Crisis and Insolvency Code Finally Entered into Force

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As you are probably aware, the Business Crisis and Insolvency Code, codified in Legislative Decree 14/2019, finally entered into force on 15th July. Its entry into force, with the exception of a few provisions, has been postponed several times and the text has been subject to numerous amendments, the last one just a few days ago with Legislative Decree 83/2022 (published on 1st July).

The Code contains (partly in implementation of EU rules) numerous measures for managing crisis situations, with the aim of providing the debtor, creditors and other interested parties with the possibility of finding solutions that are best suited to the specific case.

The new discipline is very articulate and complex, therefore it certainly cannot be summarised in one post. Thus, we shall limit ourselves here to pointing out a few aspects:

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