The new insolvency code has introduced some novelties regarding the agreements to renegotiate the debts between the debtors and the creditors, which are in line with the new EU directive n. 1023 of 2019. The two main options available are the Restructuring verified plan and the Agreement for debt restructuring. The changes that the Reform introduced aim to revamp and make them a more attractive instrument for business operators and creditors.
The new Insolvency Code (see the article by Chiara Anceschi New Insolvency Code in Italy: what’s new?) has introduced many changes to the current discipline in several domains and also in the field of debt restructuring.