Lextenso – The Senate Revives the Crisis Recovery Procedure

Initial discussions focused on identifying ways to simplify the law by eliminating procedures, such as the ad hoc mandate or even judicial reorganization… The goal at that time was to prioritize making the law easier to understand, even at the expense of improving it, if necessary.

The surprise comes from the Senate, which—in a recent bill aimed at reducing late payments to combat business failures, currently under first reading in the National Assembly—has revived, under the terms of Article 5, the crisis resolution procedure.