Ateneo - UPO

The course provides a general overview of the Italian Crisis and Insolvency Code, with particular attention to the legislator’s approach aimed at encouraging the timely identification of situations of financial distress and safeguarding business continuity.
The main provisions of the regulatory framework will be examined, together with the parties involved, their respective roles, and the timing associated with the application of the new obligations.
Particular attention will be devoted to the amendments introduced into the Italian Civil Code and, in particular, to the revised Article 2086 of the Civil Code, which establishes the obligation for entrepreneurs operating in corporate or collective form to adopt adequate organizational, administrative and accounting structures.
The course will also explore the tools used for the correct and timely identification of situations of financial difficulty, including crisis indicators and financial statement analysis, with the aim of
understanding how to identify and implement the most appropriate actions to address and overcome critical issues.
A further area of study will concern the restructuring plan, understood as a strategic planning tool supporting the process of overcoming a crisis situation. The theoretical content will be complemented by the analysis of practical cases and by an illustration of the main methods used to prepare the Plan.

The lecturer will provide students with articles, slides, supplementary materials and case studies to support the analysis of the specific topics covered during the course.
Further recommended publications include:
* Piano industriale e finanziario*, edited by Andrea Panizza, Milan, Wolters Kluwer, 2022.
* Adeguati assetti organizzativi, amministrativi e contabili per prevenire la crisi, edited by A. Panizza, Milan, Wolters Kluwer, 2023.
* Piani di risanamento II Edizione, A. Danovi, A. Panizza, Milan, Wolters Kluwer, 2025.
* Principi di redazione dei piani di risanamento*, AIDEA, ANDAF, APRI, FNC, OCRI, AIAF, approved by CNDCEC, Rome, 2022.
* Principi di attestazione dei piani di risanamento*, AIDEA, APRI, OCRI, FNC, approved byCNDCEC, Rome, 2024.

The course aims to provide an in-depth understanding of business crisis, with particular emphasis on its prevention, the timely identification of early warning signs, and the main approaches to crisis management.
The course will examine the tools used to identify economic, financial and equity imbalances, as well as the role of adequate organizational, administrative and accounting structures, financial statement analysis, and economic and financial planning.
Particular attention will be devoted to the restructuring plan as a key tool for managing and overcoming business distress, also through the analysis of practical case studies.

Basic knowledge of how to prepare and interpret financial statements.

Teaching activities will consist of online lectures. Learning outcomes will be assessed through a written examination consisting of open-ended questions.

Students with physical disabilities, Learning Disabilities or Special Education Needs can request specific services and tools via the Staff Sviluppo e Coordinamento Carriere e Servizi alle Studentesse e agli Studenti, consulting the University webpage: https://www.uniupo.it/en/services/servicesstudents-physical-or-learning-disabilities Students with disabilities, learning disabilities or special education needs, once they have contacted the University Staff, can refer to the tutor in charge of the course to define the examination modalities, concerning academic aspects.

Learning outcomes will be assessed through a written examination consisting of open-ended questions on the topics covered during the course.

The Italian Crisis and Insolvency Code
* General overview of the Italian Crisis and Insolvency Code.
* Duties and responsibilities of directors, supervisory bodies and statutory auditors.
* Professional guidelines and best practices for the proper implementation and application of adequate organizational structures.
* The new Article 3 of the Italian Crisis and Insolvency Code (Legislative Decree No. 14/2019).
* Adequate organizational, administrative and accounting structures.

Financial statement analysis as a tool to support the identification of the causes of business distress
* Financial statement analysis.
* Diagnosis of business distress and identification of the main warning signs.

The business plan as a strategic planning tool to support the overcoming of business distress
* Principles for the preparation of restructuring plans.
* The role of the plan within the negotiated settlement procedure.

By the end of the course, students will have developed a broader understanding of the tools that can be used to identify and address business distress from its earliest stages.
The course also aims to provide students with useful elements for understanding the main approaches to business restructuring and for identifying appropriate courses of action, including, where necessary, the involvement of professionals with specific expertise and specialist skills.