Vol 18 (2021) - Issue 4

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The New Italian Code of Business Crisis and Insolvency and the COVID-19 Era: A Comparison and Some Food for Thought

Synopsis
The harsh crisis that has been hitting companies since the outbreak of the pandemic has had a significant impact on the new Italian Code on Business Crisis and Insolvency, only a very little part of which has so far entered into force.
The purpose of this article is to provide an overview of such impact with respect to some of its major aspects and the types of amendments that have been (and are being) implemented by Italian lawmakers, particularly as part of an effort to harmonise the Code with European legislation recently enacted.