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Insol Europe: Country Reports Summer 2016

Italy: New Provisions for Banks in Difficulties

On 3 May 2016, the Decree Law no. 59/2016 containing “Urgent measures on enforcement and bankruptcy proceedings, in favor of investors in banks in liquidation” was published in the Official Gazette.

The Decree Law no 59/2016 is intended to reduce the duration of the insolvency proceedings and to speed up the payment of creditors.

DOC200716-003