Fighting Covid-19. A proactive approach for stabilizing your company’s financial health after the crisis
As the spread of coronavirus complicates lives for many businesses across industries and countries, you can take proactive steps to start communicating with your suppliers and debt investors.
Why proactivity is an advantage
While you ask banks and other stakeholders for additional cash or adjustments to the existing payment conditions, they are asking themselves whether yours is a good company in a difficult situation or a bad company in its natural habitat. Acting fast is a strong signal that your company belongs to the first bucket.
The new Italian law on bankruptcies distinguishes various phases of financial distress and provides numerous rewards for those who move early on.
The Italian government is doing its best to support SME and the most vulnerable labor categories. However, with looming massive unemployment and dropped tax revenues, its resources will be depleted quickly. Therefore, those who act fast have the best chances to get what they ask for.
What you can do
How Oaklins Italy can help
The legislative ecosystem in Italy is moving fast, as the new bankruptcy law is set to become law later this year, and the government issues coronavirus-related decrees almost weekly. Our team can empower your company to navigate this tumultuous period through the following services:
Talk to Oaklins Experts in Italy