On January 28 2015 the minister of justice set up the Rordorf Commission, a ministerial commission to develop and submit draft legislation designed to reform, review and reorganise the rules governing insolvency procedures in Italy. On December 29 2015 the Rordorf Commission completed its proceedings and submitted a draft statutory instrument delegating powers to the government “for a comprehensive reform of the existing rules on business crises and insolvency”.
The statutory instrument that the Rordorf Commission drafted is intended to complement and supplement the provisions first introduced by Decree-Law 83/2015.(1) Decree-Law 83/2015 was intended to support a firm’s …
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