The rise of the concept of corporate distress in recent decades has increasingly emphasised the importance of ensuring business continuity. This has allowed a gradual move away from the punitive approach introduced by the 1949 bankruptcy law. Entrepreneurs must therefore act in advance of the onset of the critical situation, hence the measure of early detection of distress.
Recognising the warning signs in time, acquiring appropriate tools and acting transparently and promptly not only maintain business continuity but also protect the economic and social fabric built around the company.
On Altalex, Lawyer Maurizio Borra gives an overview of the tools entrepreneurs can use, outlines their duties and analyses the strategic role of a multidisciplinary team of specialist consultants.
An opportunity to combine complementary skills and offer an even more comprehensive and specialised service.
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Confartigianato training event for Veneto entrepreneurs, with Lawyers Borra and Zaltron.
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From the 1942 Bankruptcy Law to the Corporate Distress Code: Italian corporate distress legislation has undergone a radical transformation. Article by Lawyer Borra on Altalex.
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