The reform of the corporate crisis regulation has highlighted debt sustainability and its management as the main conditions to safeguard the going concern.
The new forward-looking approach to corporate crisis management aims to prevention and timeliness as the cornerstones of the legal management model of companies.
The adequacy of the so-called internal governance, i.e. of organizational, administrative, and accounting structure, has become the new management model, both as legal obligation and as opportunity for entrepreneurs to ensure a correct and efficient performance of the business activity.
By Gabriele Felici - Partner Bernoni Grant Thornton
The recent reform of the corporate crisis regulation (Legislative Decree no. 14/2019) has highlighted debt sustainability and its management as the main conditions to safeguard the going concern. The new [...]
Expert's Opinion - The “negotiated settlement of the business crisis”
By Fabrizio Garofoli - Head of Insolvency Bernoni Grant Thornton
The so-called “negotiated settlement of the business crisis” is a new crisis settlement instrument introduced with Law Decree no. 118/2021 (turned into Law no. 147/2021), in a particular moment of the [...]
Focus on - The bank-enterprise relationship
By Simone Bevilacqua - Manager Bernoni Grant Thornton
The Italian production system, made up mainly of small and medium enterprises, has historically been characterized by a strong dependence on bank debt, with a subsequent need for companies to have stable [...]