The Legislative Decree with amendments to the code of the business crisis has been approved by the Cdm
Approved on June 15th on Legislative Decree with the changes to the code of the business crisis. The request came from the Council of State and led to the definition of new needs. Before from everythingthe measures taken they must make it possible to detect any imbalances of patrimonial character or economic–financialcompared to specific characteristics of the company and the entrepreneurial activity carried out by the debtor; verify the sustainability of the debts and the perspectives from continuity company at least for the following twelve months; get the information necessary to use the detailed checklist and to carry out the practical test for the verification of the reasonable prosecution of the remediation.
The decree provides, among other things, that in the negotiated settlement, during the negotiations and proceedings for access ai instruments to regulate the crisis and insolvency, debtor and creditors must behave in good faith and fairness. The debtor has the must from: to illustrate their situation in a complete, truthful and transparent way, providing all the necessary and appropriate information with respect to the negotiations started, also in the composition negotiated, and the chosen instrument for regulating the crisis and insolvency; assume promptly the initiatives suitable for identifying solutions for overcoming the situation, during the negotiated settlementand the quick definition of the adjustment tool of the crisis and the chosen insolvency, also in order not to prejudice the rights of creditors; manage the heritage o the company during the proceedings in the primary interest of creditors. Creditors have the must from cooperate loyally with the debtorwith the expert in negotiated composition and with the bodies appointed by the authority judicial And administrative and to respect the obligation of confidentiality on the debtor’s situation, on the initiatives from these assumed and on the information acquired.
#decree #business #crisis #exclusive #document #Affari