Bankruptcy Law

The course, devoted to business crisis, deals primarily with the study of the insolvency proceeding of bankruptcy (fallimento) - enforcement proceeding concerning insolvent commercial entrepreneurs, originally developed in Italy during the Middle Ages and from there spread to the rest of Europe and worldwide -. It also deals, by way of brief references, with the so-called minor insolvency proceedings: among them, the voluntary arrangement with creditors (concordato preventivo) - which in recent years has assumed particular importance due to its frequent adoption - and in addition, also by way of brief references, the extraordinary administration of major insolvent companies (amministrazione straordinaria delle grandi imprese insolventi) - which was applied, for example, to the Parmalat insolvency and to Alitalia -, the compulsory administrative winding-up (liquidazione coatta amministrativa) - applicable to banking institutions - and the proceeding of over-indebtedness crisis settlement (composizione della crisi da sovraindebitamento).
In particular, the 6-CFUs lecture module focuses on the proceeding of bankruptcy only.
Both the 9-CFUs and the 6-CFUs lecture modules are complemented by an integrative course on business crisis negotiation solutions and by a number of seminars; both the integrative course and the seminars are optional and with an in-depth study purpose.
As a new Business Crisis and Insolvency Code is due to come into force in August 2020, the course will also cover the new features soon to be introduced by the new Code.