Abstract
Law and economics – as everybody knows - are social sciences, as they are intimately connected to the life of people‘s organizations and communities through perceptions, guidelines, management and government activities. This article seeks to describe and analyse the legal framework within which insolvency proceedings are conducted in Italy. Starting from the main legal and business theories in the field of bankruptcy, the authors try to explain a set of principles on which the guidelines of insolvency proceedings should be based so as to achieve all its targets. The article concludes that in the light of the identified principles, the existing guidelines of Administration meet the community‘s requirements, in terms of efficiency and effectiveness of the procedure, rather successfully
Recommended Citation
Trequattrini, Raffaele; Manfredi, Simone; and Nappo, Fabio
(2011)
"The Administration of Big Companies in State of Insolvency: The Italian Framework,"
Indian Journal of International Economic Law: Vol. 4, Article 12.
Available at:
https://repository.nls.ac.in/ijiel/vol4/iss1/12