ABSTRACT:
According to the Economia Aziendale approach the article interprets the main aspects of the Italian Decree No. 14/2019 in matter of insolvency proceedings, focusing in particular on the definition of crisis stated by the new crisis code and verifying its coherence with the Economia Aziendale approach. The work analyses in depth the organisational requirements and the alert procedures stated by the Italian law, highlighting the possible negative effects of their implementation, also in connection with monitoring the going concern assumption. The article offers possible solutions and changes with a view to the amendments of the new crisis code allowed by the recently issued law No. 20 (dated 8 March 2019). The limitations of the article result from the absence of case studies in order to support the interpretations suggested, but considering that the new crisis code will came into force only in 2020 they are currently unavailable.
KEYWORDS: Business crisis – Organisation – Alert systems – Going concern
