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CMS | Newsletter Italy 3 Mar 2016

03/03/2016

Italian Law Decree no. 18 dated 14 February 2016 (the “Decree”), which entered into force on 16 February 2016, introduced, inter alia, new provisions in the Italian Legislative Decree No. 58 of 24 February 1998 (the “Italian Financial Act”) in respect of the “direct granting of credit” by European alternative investment funds (“EU AIFs”).

The Decree shall be converted into law within 60 days from its publication in the Official Ga-zette (i.e. within 60 days from 15 February 2016) and, in case of conversion, it is possible that some of the above provisions will be amended.

In order to facilitate the access to alternative finance by Italian companies, the new provisions allow EU AIFs (in addition to Italian AIFs) to invest in credits in favor of entities other than con-sumers, upon occurrence of certain conditions.

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CMS | Newsletter Italy 3 Mar 2016
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Authors

Portrait ofPaolo Bonolis
Paolo Bonolis
Partner
Rome
Portrait ofMaria Giovanna Pisani
Maria Giovanna Pisani
Counsel
Rome