We have already described the new Code of Corporate Crisis for the management of companies’ in this link about the New Bankruptcy and Insolvency Law. What’s more, the reasons behind the approval and promulgation of the so-called reform of bankruptcy law have been thoroughly explained in Corporate Credit Consultancy Lawyer Domenico Damiani’s video interview. However, itRead more

The crime of unlawful use of credit is recognised by article 325 of the new Code of corporate crisis and insolvency. Unlawful recourse to credit occurs when administrators, general directors, curators and professionals operating a commercial activity use or keep using credit, thereby dissimulating or hiding the company’s bankruptcy or insolvency. Penalties for such violations are particularlyRead more

An important clarification on insolvency procedures in the European context for the recovery of debts from a foreign state came with the judgment of the European Court of 16 July 2020C-253/19. The sentence affects the interests of those who circulate within the EU space for work reasons and is of considerable importance because more andRead more

The obligation to appoint the statutory auditor for Srl as decided by Legislative Decree no. 14/2019, underlies the philosophy behind the new code of the corporate crisis. The appointment of the statutory auditor provided for in the New Corporate Crisis Code for debt and insolvency management was designed to: Assist the company by offering itRead more

Corporate debtor insolvency code in Italy – Here are all the news The new Corporate debtor insolvency code in Italy has been approved. The Council of Ministers approved it on 19 January 2019, completing the procedure of the delegated law 155/2017. However, from the time of publication in the Official Journal 18 months will passRead more

The reform of Italian bankruptcy law has become law. What the lawyer Domenico Damiani says D. Which are the most important news organic revision of the whole Italian bankruptcy law? R. In the systematic reform of the legal framework concerning companies in distress and of the Bankruptcy Law regime, the company plays a central role inRead more

New procedure italian bankruptcy debt collection The new law on bankruptcy in Italy aims to prevent companies from becoming insolvent. Before reaching the point of an irreversible corporate crisis, the new law provides for out-of-court instruments to facilitate mediation between debtors and creditors and to manage debt insolvency. Read more

Recovering debts Greece Rehabilitation procedure If you have to recover a claim in Greece, you need to realise that the procedure is not simple and is different from that in Italy or other EU countries. Greece has introduced a new procedure for the recovery of claims called “rehabilitation procedure”. It is an out-of-court procedure thatRead more

Simplified arbitration procedure ICC International arbitration is the most widely used administrative tool to resolve international trade disputes. In international arbitration, in the agreement of the parties, the ordinary judge is replaced by a private arbitrator. The International Chamber of Commerce of Paris is among the most authoritative arbitration institutions in the world and isRead more

European order for payment The European order for payment procedure, i.e., the European injunction, is a useful tool to collect receivables from a foreign debtor. The European order for payment procedure is an alternative to that of the legislation of the State of the court having jurisdiction.Read more