Coronavirus COVID-19

Preliminary observations on Law Decree dated 8 April 2020, no. 23 'Decreto Liquidità' - The impact of Covid-19 on insolvency proceedings

Published on 10th Apr 2020

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On 8 April 2020, the Council of Ministers approved Law Decree no. 23, published in the Official Gazette (General Series no. 94, Extraordinary Edition of 8 April, 2020), containing “Urgent measures related to access to credit and tax obligations for businesses, special powers in strategic industry sectors, as well as healthcare and employment interventions, prorogation of administrative and procedural deadlines”.

Law Decree no. 23/2020 (the so-called ‘Decreto Liquidità’) includes a number of provisions that significantly affect the application of Insolvency Law, for the period of Covid-19 emergency, which are summarised in our report.

You can download a copy of our report here: Guidance on the impact of Covid-19 on restructuring and insolvency proceedings

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* This article is current as of the date of its publication and does not necessarily reflect the present state of the law or relevant regulation.

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