Newsalert - Measures on bankruptcy law, share capital reduction, financial statement and intercompany financing related to the Covid-19 epidemic

Newsalert - Measures on bankruptcy law, share capital reduction, financial statement and intercompany financing related to the Covid-19 epidemic

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On 6 April 2020, the Italian Council of Ministers approved the Law Decree no. 23 of 8 April 2020, published in the Official Gazette n. 94 of 8 April 2020. It sets out, among other things, emergency provisions designed to address the current emergency situation resulting from the Covid-19 epidemic and preserve viable companies and enterprises and, likewise, to support companies that are already subject to composition with creditors procedures (concordato preventivo) and debt restructuring agreements (accordi di ristrutturazione) pursuant to Article 182-bis of the Italian Bankruptcy Law.

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