The rapid spread of coronavirus disease (Covid-19) is a public health challenge that has affected the entire globe. It has required governments, and particularly healthcare systems, to respond swiftly and in a coordinated way to ensure that they are properly mitigating and responding to the evolving situation to ensure the wellbeing of their citizens.
Our clients are assessing (as we are ourselves), on a continuous basis, how to address the threat posed by Covid-19 to their workforce, customers, suppliers and wider stakeholders. Financial markets are experiencing considerable turbulence. The situation has the potential to generate both a supply-side and a demand-side shock.
Since Italy is among the countries most affected by Covid-19, we thought it wise to collect all the relevant insights, split in different areas, to guide our clients in navigating across the uncertainties of the current situation by analyzing what impact the new decrees may have on their organizations and providing the answer to some of the legal questions which we have been receiving over the last few weeks.
As it is an evolving situation, we will be updating each section regularly.
On 16 July the Italian Parliament converted into Law the Italian Law Decree 19 May 2020, no. 34 (“Rilancio” Decree).
The Italian Government has recently enacted Law Decree no. 34 of 19 May 2020, commonly known as the Decreto Rilancio (the “Decree”), which provides further measures aimed at mitigating the economic consequences of the Covid-19 outbreak.
The Italian Golden Powers Regulation governing foreign investments in Italy (“GPR”) has recently faced significant changes.
The Italian Government has recently enacted Law Decree no. 23 of 8 April 2020, commonly known as the Decreto Liquidità (the “Decree”), which provides for certain measures aimed at mitigating the economic consequences of the Covid-19 outbreak.
The current global crisis resulting from Covid-19 could provide certain affected companies, sovereigns and quasi-sovereigns with an opportunity to finance or re-finance certain financial needs by issuing social bonds, thus tapping into liquidity pools allocated to ESG assets.
The Italian Government has enacted the so-called Italian Law Decree “Cura Italia” (Decree), effective as from 17 March 2020, which provides for new measures aimed at mitigating the economic consequences of the Covid-19 outbreak and ensuring adequate support to workers, families and businesses.
