Restructuring & Turnaround
The new Code (Codice della Crisi e dell’Insolvenza) has been published in the Italian Official Gazette on 14 February 2019 (Legislative Decree 12 January 2019, No. 14).
The CCI is due to come into force on 14 August 2020, while some provisions will come into force on 16 March 2019, the most important being the amendment of Art. 2086 of the Italian Civil Code on internal organization of companies aimed to monitoring the insurgence of a state of distress and to timely implement remedies.