The bankruptcy of a company in a composition with creditors procedure: the judgment of the Supreme Court of Cassation

On 14 February 2022, the Supreme Court of Cassation in joint sittings of all divisions (the “Supreme Court”) in the meaning of "Corte di Cassazione a Sezioni Unite") ruled on the possibility for a company to be declared bankrupt in the event of non-compliance with the approved composition with creditors without the need for a prior declaration of termination of the same.

Corporate meetings in full audio/video conference after the Covid-19 emergency: the breakthrough of the Notary Council of Milan

The recommendation no. 187 of the Notary Council of Milan was issued, clarifying that the attendance to meetings by means of telecommunications may concern all the participants, including the Chairman, provided that the Secretary taking the minutes, or the Notary Public, would be in the (physical) place indicated in the notice of call.

Import into Italy by a person not resident in the European Union

With circular letter no. 40 of 14 December 2021, the Italian Excise, Customs and Monopolies authorities has reiterated that an economic subject not established in the European Union (hereinafter also “EU”) cannot submit an import customs declaration independently but must necessarily use an indirect customs representative for this purpose.

New rules for Intrastat EC listings forms

With the publication of the Legislative Decree no. 192/2021 in the Official Journal dated November30, 2021, implementing the European Union Directive no. 2018/1910, the so-called "quick fixes" became applicable in Italy.

Towards the reform of the Procurement Code: the digital file of economic operators and the reduction in the number of contracting authorities

Among the various enabling reforms provided for by the National Recovery and Resilience Plan (“NRRP”), the simplification of public contracts stands out and it must be implemented, inter alia, by reducing the documentary and economic burdens on the subjects participating in tender procedures, as well as the number and qualification of the contracting authorities.

Stability Law 2022: main updates on tax incentives for businesses

Law no. 234 of the 30th December 2021 (so–called Stability Law 2022) postponed the main tax credits for businesses, including those for R&D, technological innovation, design, and aesthetic conception and those for the purchase of capital goods 4.0, and it introduced a new Patent Box regime.

The new “Equal Opportunity Code” and the biennial report on the personnel situation

On December 3, Law no. 162/2021 – the so-called “Code of equal opportunities between men and women” – contains provisions on equal opportunities between men and women in the workplace, with the aim of further strengthening the safeguards already provided for female workers and achieving more effective gender equality in business contexts.