Law Decree no. 83/2015 introduces urgent reforms to Insolvency Law, Civil Law, Civil Procedure Law and Court Administration. The reform is intended to boost access to financing for Italian businesses, for example, by streamlining and expediting credit enforcement procedures.
Law Decree 83/2015 (the "Decree") entered into force upon its publication in the Italian Gazzetta Ufficiale on 27 June 2015. The Decree introduced significant reforms in several areas including the enforcement procedure rules set forth in the third book of the Italian Code of Civil Procedure, which are discussed in this briefing note.
The reforms introduced by the Decree apply to enforcement procedures involving moveable and immovable property and are intended to streamline procedures for the sale of both types of property.