With the introduction of the new Corporate Crisis and Insolvency Code (so-called CCII), as of 15th July 2022, an updated version of the regulations on bankruptcy and insolvency proceedings has come into effect. This regulatory text, introduced by Legislative Decree no. 14/2019, was subject to two major interventions by Legislative Decree no. 147/2020 (first) and Legislative Decree no. 83/2022 (subsequently); also in order to transpose the measures set forth in the so-called Insolvency Directive (Directive (EU) 2019/1023).

The CCII contains the rules and regulations relating to the detection and instruments to deal with crisis situations or insolvency on the debtor’s part; whether it be the consumer, the professional, or the entrepreneur (of any commercial, artisanal or agricultural activity, even if it is a non-profit activity). This is achieved by setting up warning and prevention mechanisms, as well as measures and procedures aimed at managing (and hopefully overcoming) economic and financial crisis conditions.

Torcello Tax Law Firm (#SLTT) offers advice and assistance in situations of business crisis or insolvency, in support of its clients.

Torcello Tax Law Firm offers its clients the tools to detect and manage a situation of economic-financial distress, providing its professional service:

– in the initial crisis prevention phase: through the provision and use of instruments aimed at stemming the situation of potential instability;
– subsequently, in the crisis management phase: through recourse to and the application of insolvency measures and procedures.

Torcello Tax Law Firm offers its clients solutions and legal strategies aimed at preventing, tackling and (wherever possible) overcoming the business crisis; guaranteeing thorough and accurate assistance in each step involved in establishing and developing the reorganisation plans and in corporate planning, including the drafting of business plans aimed at analysing the company’s weaknesses and critical issues and the potential re-launch of the company on the market.