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Covid-19 coronavirus: The main measures for the credit sector in the Italian Government’s recent decrees

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17 April 2020

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.

You can view an updated version of this article here.

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

 

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