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COMPANY CRISIS AND TURNAROUND

THE STEPS OF THE INTERVENTION

Whenever you see a successful business, someone once made a courageous decision

Peter Druker
Analysis of the company situation and study of interventions
The most important and delicate phase of the activity that Stefano Mastagni has carried out every day for nearly thirty years now consists in the analysis of the elements, the business context in which he has to operate and the seriousness of the situation. At this point - in order to optimize times and ensure a timely intervention - Stefano Mastagni cooperates with various experts, such as legal advisers and analysts who support him in examining the problem under all the different points of view so as to establish the best method of intervention in short times.

The achievements of an organization are the results of the combined effort of each individual

Vince Lombardi
Management and governance
Once having found the right solution - in some cases by also adopting an insolvency proceeding allowing the company to continue its operating business - Stefano Mastagni coordinates all the experts involved and draws up an industrial and financial plan describing in details the impact of the actions deriving from the strategies to be implemented for solving the problems underlined during the analysis phase.

Never attack a problem without also presenting a solution

Jim Rohn
Future perspectives
Direct business continuity, introduction of new financial or industrial partners, or personal management in his quality of entrepreneur: under the best circumstances, these are the perspectives at the end of the restructuring process. Only in a few cases - when the request for intervention arrives too much late, the crisis has already degenerated and the survival of the company has been completely compromised – the result can be the business failure. Only a timely intervention and a prior analysis can avoid the worst final.

The best way out is always through

Robert Lee Frost
Investing in the future
The development of legislation is represented by the AC 3671-bis Bill on the "Delegation to the Government for the organic reform of the disciplines for company crisis and insolvency" elaborated by the Rodorf Commission, which transposes and harmonizes the European Regulation UE 2015/848 on insolvency procedures.
Furthermore, it takes into consideration the 2014/135/UE Commission Recommendation and the Model Law principles elaborated in terms of insolvency by Uncitral (United Nations Commission on International Trade Law).
Particularly interesting – among the criteria listed in Article 2 (General Principles) – is the good will of the Governemnt to grant a priority of discussion to those proposals aimed at overcoming the crisis and ensuring the survival of the company, also through the management of a different entrepreneur. A new view of the company crisis. Special attention is destined to "prevention", alert procedures and procedures for the assisted settlement of the crisis (Art. 4 of the above-mentioned Bill) - of a non-judicial and confidential nature - aimed at incentivating an early crisis detection and facilitating negotiations between debtor and creditors, with the assumption of a higher responsibility by the inspection body (where present) at a preventive stage and by qualified creditors (Revenue Agency, tax recovery agents , social security offices), who must promptly signal any persisting important failure of the debtor.