Italy’s Simplification Decree Introduces Measures to Facilitate Company Recapitalization

The provisions aim to help Italian companies overcome a lack of liquidity caused by the COVID-19 pandemic.

Facilitation of capital increases -

Law Decree no. 76 of 16 July 2020 (the Simplification Decree), converted with amendments by Law no. 120 of 11 September 2020 (entered into force on 15 September 2020), has introduced provisions on corporate matters to facilitate capital increases by Italian companies. In particular, article 44 of the Simplification Decree, as amended by Law 120/2020, has modified the rules applicable to capital increases of Italian companies, providing for emergency measures of a temporary nature, and permanent measures. These provisions are part of a broader set of measures under the Simplification Decree focused on promoting simplification and digital innovation.

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