The negotiated resolution of the crisis in Italy: characteristics and initial empirical evidence

This thesis explores the negotiated resolution of corporate crises in Italy, focusing on the evolving legal and strategic frameworks available to distressed firms. It begins with an overview of restructuring and turnaround strategies, highlighting managerial approaches to restoring financial stability and operational efficiency. The core of the analysis is dedicated to the composizione negoziata della crisi (negotiated resolution of the crisis), a key tool introduced by the Italian Corporate Crisis and Insolvency Code (CCII) to promote early, consensual solutions outside traditional insolvency proceedings. The study examines the legal structure, objectives, and practical application of this instrument. A real-world case study illustrates the application of the negotiated resolution, offering insights into its effectiveness and critical success factors.