Gitti and Partners (Italy): The 2020 Moratorium Announced by The Italian Banking Association

Following the outbreak of the COVID-19 epidemic, on March 6, 2020, the Italian Banking Association (IBA) together with the most representative enterprises’ associations have executed an addendum to the 2019 Agreement for Credit (the “Agreement”) with the aim of extending the measures called “Companies in Recovery 2.0” also to loans existing as at January 31, 2020. Here follows a short summary of such measures, including the relating requirements and access modalities. MORE.

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