The article explains division as it is specified by Italian legislation, and considers its specific and innovative aspects and how it may prove to be a useful instrument for preserving business continuity in situations of arrangements with creditors. The paper examines several topical aspects, considering the changes brought about by the recent reform of Italian legislation: Law 155/2017 not only regulates division as an extraordinary corporate operation - which may prove useful during business reorganization - but also may render it a useful instrument for preventing situations of crisis, underlining the importance of rational processes and tools typical of business management, primarily the business plan and cash flows, but also the adoption of a preventive approach and a working model based on feedback.
|Translated title of the contribution||[Autom. eng. transl.] Demerger and protection of business continuity. Opportunities of the institution in the discipline of the composition with creditors in light of the recent reform of the bankruptcy law|
|Number of pages||24|
|Journal||RIVISTA DEI DOTTORI COMMERCIALISTI|
|Publication status||Published - 2018|
- continuità aziendale