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Debtwire Restructuring Forum Italy 2025

Join the innovators shaping the future of Italian restructuring.

location_on Palazzo Parigi Hotel, Milan Map
01 Jul

Understanding the implications of the recent updates to the Codice della Crisi

Italy’s “Code on Business Distress and Insolvency” has been partly amended and rectified just over two years after its entry into force on July 15, 2022. The changes are primarily intended to take stock of the initial application of the Code, in order to clarify certain interpretative issues and further align it with the EU Insolvency Directive, which the Code sought to implement. Our panel will discuss how these amendments, introduced by Legislative Decree No. 136 of September 13, 2024, together with certain recent Italian court decisions, will have  important implications for the enforceability of guarantees.

  • Which are the most salient changes to the Code?
  • How are they going to impact the use of debt restructuring agreements approved by courts?
  • The importance of promoting a more cooperative approach between debtors and banks that may lead to the early identification of crises
  • Is greater attention being paid to out-of-court instruments, helping to streamline the justice timescale in Italy?
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  • Speakers keyboard_arrow_down
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    Francesca Ricciardi Leveraged Finance Origination Reporter Debtwire
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    Riccardo Gamba Managing Director Cerved Legal Services
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    Carlo Alberto Giovanardi Managing Partner Giovanardi Studio Legale
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    Riccardo Ranalli Founding Partner Ranalli & Associati

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