Riva P., Accettura S.
in "The Evolution or Revolution of European Insolvency Law"(a cura di Vaccari E., Ghio E.)
INSOL Europe - 2025-05

Italian legislature introduced a new legal framework to improve creditor satisfaction by facilitate overcoming the crisis and consequently preserve viability. The new regulatory scheme in particular introduces the duty for the delegated bodies to establish an organizational, administrative and accounting structure appropriate to the nature and size of the company, which allows the detection of indicators to be used as parameters for the activation of early warning systems. The construction of indicators based exclusively on financial information and data deriving from accounting documents can lead to misleading analyses, as these data do not consider extra-accounting situations that may occur in the future as well as multiple risks to which the company is subjected. For this reason, it appears necessary to combine financial indicators with other non-financial indicators.