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Clifford Chance

Clifford Chance

Briefings

Italian Government launches new urgent measures aimed at boosting access to financing for Italian businesses and improving bankruptcy and enforcement proceedings in Italy

3 May 2016

Following the 2015 reforms introducing key amendments to shorten the length of Italian enforcement procedures and other relevant changes to Italian insolvency law, by its press release issued on 29 April 2016, the Italian Government has announced further measures aimed at supporting Italian businesses and reducing the length of time required to satisfy creditors' claims, as well as introducing a new type of "Italian floating charge" and other improvements to Italian insolvency law. Below is a summary of the relevant provisions based on the information available from the press release. Further details will become clearer once the decree approved by the Italian Government is published in the Italian Official Gazette (expected to occur within this week).

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