Expanded Incentives for Crisis Negotiation and VAT Variation Notes for Unpaid Credits Addressed in Amendments

• Changes in Legislative Decree 14/2019 expanded incentives for negotiated composition of the crisis (CNC)
• Article 25-bis of the CCII was modified to allow creditors to issue VAT variation notes for unpaid credits from restructuring operations
• Provision applies to agreements published in the Business Register under Article 23 of the CCII
• Modifications addressed asymmetry in treatment compared to preventive agreement and restructuring agreement in continuity

Source: eutekne.info

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.