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The Insolvency Code: perfect timing for a new legal framework for distressed companies

On 12 January 2019, the Italian Government enacted Legislative Decree No. 14 (so called "business crisis and insolvency code (codice della crisi d’impresa e dell’insolvenza)", which entered into force on 15 July 2022 (the "Insolvency Code").

The Insolvency Code provides for, inter alia, the following:

European Union, Italy, Insolvency & Restructuring, White & Case, Insolvency