Covid-19 coronavirus: The main measures for the credit sector in the Italian Government’s recent decrees
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The Covid-19 coronavirus continues to have a significant impact on Italy’s credit sector and on 9 April 2020 decree n. 23 of 8 April 2020 (the so-called Liquidity Decree) came into force.
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The Liquidity decree has 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.
We have produced a bulletin which provides an overview 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
