Italy: Insolvency/Bankruptcy

The European Union's Directive (EU) 2026/799 introduces the pre-pack procedure to address the longstanding fragmentation of national insolvency laws across Europe, aiming to preserve viable businesses that would otherwise be dismantled due to timing mismatches between corporate crises and market reactions. This two-stage mechanism promises to reduce legal uncertainty and stabilize the EU single market, but raises critical questions about moral hazard, confidentiality, and the corporate governance structures

On 14 July 2023, the Italian Supreme Court issued its judgement in case No. 15475 ruling, inter alia, that it is not necessary for an action for revocation...

The Liquidity Decree has introduced, until 31 December 2020, a State guarantee through SACE S.p.A. and has increased the support for SMEs under the SME Central Guarantee Fund.