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Covid-19 coronavirus – An update on the main measures for the credit sector in the Italian Government’s recent decrees

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08 July 2020

The Liquidity Decree was converted into law, with amendments, by Law No. 40 of 5 June 2020 which came into force on 7 June 2020. The Liquidity decree introduced significant new measures, some of which deal with matters that were already addressed by prior pieces of legislation aimed at combating the Covid-19 coronavirus emergency, including the so-called Cura Italia Decree which came into force on 17 March 2020.

Our publication provides an update of the main measures introduced by these decrees with specific regard to:

  • Temporary measures to support liquidity for enterprises
  • SMEs Central Guarantee Fund
  • Measures in relation to insolvency proceedings and distressed companies
  • Forbearance measures
  • Measures to support exports, internationalisation and business investment    
  • Streamlined measures for entering into banking contracts with retail clients
  • Changes in terms of "Golden Power" rules
  • Tax measures

This article is an update to an earlier publication: 'Covid-19 coronavirus: The main measures for the credit sector in the Italian Government’s recent decrees'.

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