We inform you that the Seminar, originally foreseen for 5 March 2020, entitled “GIOCHIAMO D’ANTICIPO! Strumenti e best practice che prevengono la Crisi d’impresa”and organised by DFA Law Firm together with Dynamics 360, SGS, Directa and 4Planning, has been further postponed to the month of September 2020, and we will fix and communicate a specific date as soon as possible.
We remind that the participation will be free of charge and that registration is still ongoing and will remain open.
The issues of the discussion will obviously take into consideration a number of business and company needs stemming from the Covid-19 outbreak and the most recent relevant news on legislation.
We take this opportunity to remind also that the Italian Law Decree No. 23/2020 set out the postponement of the entry into force of the new Code on the company crisis and insolvency to 1 September 2021(originally, it was planned to be effective as of 15 August 2020).
The most recent legal provisions also provided for the postponement of six months of the time-limits for the performance of obligations under approved concordati preventivi(agreement with creditors) and accordi di ristrutturazione(debt restructuring agreements) and falling due between 3 February 2020 and 31 December 2021.
Concerning the approval of concordati preventivi and accordi di ristrutturazione pending as at 23 February 2020, until the hearing fixed for said approval and in compliance with certain requirements, debtors can submit to Court an applicant for the granting of a delay (not exceeding 90 days) for the submission and filing of a new plan and a new proposal for the agreement with creditors or of a new debt restructuring agreement.
Under certain circumstances, it is equally possible for the debtor to submit a pleading including new performance deadlines of the concordato to the attention of the Court
One of the most significant news is represented by the absolute bar to proceeding of bankruptcy applications filed between 9 March 2020 and 30 June 2020.