{"id":2375,"date":"2020-04-28T15:52:39","date_gmt":"2020-04-28T13:52:39","guid":{"rendered":"http:\/\/creditgroupitalia.localhost\/uncategorized\/covid-19-e-aziende-limpatto-della-pandemia-su-liquidita-e-solidita\/"},"modified":"2021-05-27T16:23:05","modified_gmt":"2021-05-27T14:23:05","slug":"covid-19-and-companies-the-impact-of-the-pandemic-on-liquidity-and-solidity","status":"publish","type":"post","link":"https:\/\/www.creditgroupitalia.it\/en\/credit-recovery\/covid-19-and-companies-the-impact-of-the-pandemic-on-liquidity-and-solidity\/","title":{"rendered":"Covid-19 and companies. The impact of the pandemic on liquidity and solidity"},"content":{"rendered":"<p>[et_pb_section fb_built=&#8221;1&#8243; fullwidth=&#8221;on&#8221; _builder_version=&#8221;4.6.6&#8243; background_color=&#8221;#b5b5b5&#8243; use_background_color_gradient=&#8221;on&#8221; background_color_gradient_start=&#8221;rgba(196,196,196,0.84)&#8221; background_color_gradient_end=&#8221;rgba(196,196,196,0.84)&#8221; background_color_gradient_overlays_image=&#8221;on&#8221; background_image=&#8221;https:\/\/creditgroupitalia.it\/wp-content\/uploads\/2020\/04\/assistenza-tutela-legale-consulenza-recupero-crediti-credit-group-italia.jpg&#8221;][et_pb_fullwidth_post_title meta=&#8221;off&#8221; featured_image=&#8221;off&#8221; _builder_version=&#8221;4.4.5&#8243; custom_padding=&#8221;50px||50px||true|false&#8221; title_font_size_tablet=&#8221;&#8221; title_font_size_phone=&#8221;23px&#8221; title_font_size_last_edited=&#8221;on|phone&#8221;][\/et_pb_fullwidth_post_title][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; custom_padding_last_edited=&#8221;on|phone&#8221; _builder_version=&#8221;4.4.3&#8243; custom_padding_tablet=&#8221;&#8221; custom_padding_phone=&#8221;20px||||false|false&#8221;][et_pb_row _builder_version=&#8221;3.25&#8243; background_size=&#8221;initial&#8221; background_position=&#8221;top_left&#8221; background_repeat=&#8221;repeat&#8221; collapsed=&#8221;off&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;3.25&#8243; custom_padding=&#8221;|||&#8221; custom_padding__hover=&#8221;|||&#8221;][et_pb_image src=&#8221;https:\/\/creditgroupitalia.it\/wp-content\/uploads\/2020\/04\/pandemia-covid-19-effetti-liquidita-aziendale-credit-group-italia.jpg&#8221; title_text=&#8221;pandemia-covid-19-effetti-liquidita-aziendale-credit-group-italia&#8221; _builder_version=&#8221;4.6.6&#8243;][\/et_pb_image][et_pb_text _builder_version=&#8221;4.6.6&#8243; background_size=&#8221;initial&#8221; background_position=&#8221;top_left&#8221; background_repeat=&#8221;repeat&#8221; hover_enabled=&#8221;0&#8243; sticky_enabled=&#8221;0&#8243;]<\/p>\n<h2> The effect of the Covid-19 pandemic on businesses is potentially fatal. Here is a vademecum on the state of compliance. <\/h2>\n<p>[\/et_pb_text][et_pb_divider color=&#8221;#9e978e&#8221; divider_position=&#8221;center&#8221; divider_weight=&#8221;2px&#8221; _builder_version=&#8221;4.4.3&#8243; module_alignment=&#8221;left&#8221;][\/et_pb_divider][et_pb_text _builder_version=&#8221;4.6.6&#8243; background_size=&#8221;initial&#8221; background_position=&#8221;top_left&#8221; background_repeat=&#8221;repeat&#8221; hover_enabled=&#8221;0&#8243; sticky_enabled=&#8221;0&#8243;]<\/p>\n<h3> The situation in Italy <\/h3>\n<p>The situation dictated by Covid-19 is producing the first concrete impact on companies, compromising their liquidity and putting the solidity of many companies at risk.<\/p>\n<p><strong> With the Prime Ministerial Decree of 22 March 2020 and subsequent amendments, the shutdown of the production activity of the sectors deemed non-essential was legislated. <\/strong><\/p>\n<p>Here is a handbook on the fulfillment of pending contractual obligations, such as payments and signed agreements.<\/p>\n<p>Our legal system provides in <strong> art. 1218 cc <\/strong> that <em> <strong> the subject who does not perform his own service and \/ or payment is required to compensate the damage, unless he proves that the non-fulfillment or the delay is due to a cause to he is not responsible <\/strong> <\/em>.<\/p>\n<p>The unexpected impossibility of the performance means any situation preventing the fulfillment that is not foreseeable at the time the mandatory relationship arises and cannot be overcome with the diligent effort to which the party is required.<\/p>\n<p>For the purposes of extinguishing the obligation, it is also necessary to establish whether it is:<\/p>\n<ul>\n<li> a definitive impossibility, such as to automatically extinguish the obligation; <\/li>\n<li> a temporary impossibility, determined by an impediment of a transitory nature. In this case the obligation persists and the debtor will be exonerated from liability for the delay in default. <\/li>\n<\/ul>\n<p>Within the Italian legal system, if it is possible to give a definition of the supervening impossibility of the performance, it is not possible to find a precise force majeure since there is no article of our civil code that governs the case.<br \/>\nNevertheless, a concept of force majeure can be identified in <strong> art. 1467 cc <\/strong> which <em> <strong> recognizes the right of the debtor to request the termination of the contract when the performance becomes excessively onerous due to extraordinary and unforeseeable events not attributable to him <\/strong> <\/ em >.<\/p>\n<p>On the other hand, <strong> art. 1256.2 paragraph of the Civil Code <\/strong> governs not so much the performance as a whole, but rather its fulfillment. The rule provides, in fact, that <em> <strong> there is a temporary impossibility of performance whenever there are objective impediments which, while still making it possible, justify the delay <\/strong> <\/em>.<br \/>\n&#038; nbsp;<\/p>\n<h3> The international situation <\/h3>\n<p>Contrary to the provisions of Italian law at the international level, the case of force majeure is widely delineated.<br \/>\nThink, for example, of <strong> art. 79 of the Vienna Convention <\/strong> (Convention on the international sale of movable property) which identifies the three main characteristics that must be present for force majeure to be concretely applied:<\/p>\n<ul>\n<li> extraneousness in the event; <\/li>\n<li> unpredictability of the event at the time of signing the contract; <\/li>\n<li> the insurmobility of the impeding fact. <\/li>\n<\/ul>\n<p>There are also many European states that expressly describe in their own legal system what is meant by force majeure.<br \/>\nReferences to the concept of force majeure can also be found in contracts in which the aforementioned Vienna Convention does not apply.<br \/>\nThe International Institute for the Unification of Private Law (UNIDROIT), for example, disciplines all <strong> \u2019art. 6.2.1 <\/strong>, in the section entitled hardship, <em> <strong> the possibility of requesting the renegotiation of the contract <\/strong> <\/em> and in <strong> art. 7.1.7 <\/strong> the <strong> <em> case of force majeure <\/em> <\/strong>.<br \/>\n&#038; nbsp;<\/p>\n<h3> What to do in practice <\/h3>\n<p>Having made this brief but necessary premise, we advise you, if your business falls within those for which the production stop has been legislated, to check the clauses included in your commercial contracts, with particular attention to those relating to the phase of its execution. , the competent court and the applicable law.<\/p>\n<p>In the event that you are the party obliged to provide the service, we suggest that you send a timely official communication to the counterpart appealing to the specific regulations mentioned above.[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;4.4.6&#8243; background_color=&#8221;#e8e8e8&#8243; custom_margin=&#8221;||0px||false|false&#8221; custom_padding=&#8221;||0px||false|false&#8221; top_divider_height=&#8221;70px&#8221;][et_pb_row _builder_version=&#8221;4.4.3&#8243; custom_padding=&#8221;30px||32px||false|false&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.4.3&#8243;][et_pb_text _builder_version=&#8221;4.6.6&#8243; hover_enabled=&#8221;0&#8243; sticky_enabled=&#8221;0&#8243;]<\/p>\n<h3> Do you need further clarification? Do you need legal assistance? <\/h3>\n<p>[\/et_pb_text][et_pb_code _builder_version=&#8221;4.6.6&#8243; _module_preset=&#8221;default&#8221; hover_enabled=&#8221;0&#8243; sticky_enabled=&#8221;0&#8243;]\n<div class=\"wpcf7 no-js\" id=\"wpcf7-f2051-o1\" lang=\"en-US\" dir=\"ltr\">\n<div class=\"screen-reader-response\"><p role=\"status\" aria-live=\"polite\" aria-atomic=\"true\"><\/p> <ul><\/ul><\/div>\n<form action=\"\/en\/wp-json\/wp\/v2\/posts\/2375#wpcf7-f2051-o1\" method=\"post\" class=\"wpcf7-form init\" aria-label=\"Contact form\" novalidate=\"novalidate\" data-status=\"init\">\n<div style=\"display: none;\">\n<input type=\"hidden\" name=\"_wpcf7\" value=\"2051\" \/>\n<input type=\"hidden\" name=\"_wpcf7_version\" value=\"5.8.7\" \/>\n<input type=\"hidden\" name=\"_wpcf7_locale\" value=\"en_US\" \/>\n<input type=\"hidden\" name=\"_wpcf7_unit_tag\" value=\"wpcf7-f2051-o1\" \/>\n<input type=\"hidden\" name=\"_wpcf7_container_post\" value=\"0\" \/>\n<input type=\"hidden\" name=\"_wpcf7_posted_data_hash\" value=\"\" \/>\n<input type=\"hidden\" name=\"_wpcf7_recaptcha_response\" value=\"\" \/>\n<\/div>\n<div id=\"ktk_contact_form\">\n\t<div class=\"et_pb_row et_pb_row_1\">\n\t\t<div class=\"et_pb_column et_pb_column_1_2\">\n\t\t\t<p><label>First name* <span class=\"wpcf7-form-control-wrap\" data-name=\"first_name\"><input size=\"40\" class=\"wpcf7-form-control wpcf7-text wpcf7-validates-as-required\" aria-required=\"true\" aria-invalid=\"false\" placeholder=\"Your name\" value=\"\" type=\"text\" name=\"first_name\" \/><\/span> <\/label>\n\t\t\t<\/p>\n\t\t<\/div>\n\t\t<div class=\"et_pb_column et_pb_column_1_2\">\n\t\t\t<p><label>Surname* <span class=\"wpcf7-form-control-wrap\" data-name=\"last_name\"><input size=\"40\" class=\"wpcf7-form-control wpcf7-text wpcf7-validates-as-required\" aria-required=\"true\" aria-invalid=\"false\" placeholder=\"Your surname\" value=\"\" type=\"text\" name=\"last_name\" \/><\/span> <\/label>\n\t\t\t<\/p>\n\t\t<\/div>\n\t<\/div>\n\t<div class=\"et_pb_row et_pb_row_1\">\n\t\t<div class=\"et_pb_column et_pb_column_1_2\">\n\t\t\t<p><label> Company* <span class=\"wpcf7-form-control-wrap\" data-name=\"company\"><input size=\"40\" class=\"wpcf7-form-control wpcf7-text wpcf7-validates-as-required\" aria-required=\"true\" aria-invalid=\"false\" placeholder=\"Business name\" value=\"\" type=\"text\" name=\"company\" \/><\/span> <\/label>\n\t\t\t<\/p>\n\t\t<\/div>\n\t\t<div class=\"et_pb_column et_pb_column_1_2\">\n\t\t\t<p><label> City <span class=\"wpcf7-form-control-wrap\" data-name=\"city\"><input size=\"40\" class=\"wpcf7-form-control wpcf7-text\" aria-invalid=\"false\" placeholder=\"Location of the company\" value=\"\" type=\"text\" name=\"city\" \/><\/span> <\/label>\n\t\t\t<\/p>\n\t\t<\/div>\n\t<\/div>\n\t<div class=\"et_pb_row et_pb_row_1\">\n\t\t<div class=\"et_pb_column et_pb_column_1_2\">\n\t\t\t<p><label> E-mail* <span class=\"wpcf7-form-control-wrap\" data-name=\"email\"><input size=\"40\" class=\"wpcf7-form-control wpcf7-email wpcf7-validates-as-required wpcf7-text wpcf7-validates-as-email\" aria-required=\"true\" aria-invalid=\"false\" placeholder=\"Contact address\" value=\"\" type=\"email\" name=\"email\" \/><\/span> <\/label>\n\t\t\t<\/p>\n\t\t<\/div>\n\t\t<div class=\"et_pb_column et_pb_column_1_2\">\n\t\t\t<p><label>Phone* <span class=\"wpcf7-form-control-wrap\" data-name=\"telephone\"><input size=\"40\" class=\"wpcf7-form-control wpcf7-text wpcf7-validates-as-required\" aria-required=\"true\" aria-invalid=\"false\" placeholder=\"Fixed or mobile delivery\" value=\"\" type=\"text\" name=\"telephone\" \/><\/span> <\/label>\n\t\t\t<\/p>\n\t\t<\/div>\n\t<\/div>\n\t<div class=\"et_pb_row et_pb_row_12\">\n\t\t<div class=\"\">\n\t\t\t<p><label> Message <span class=\"wpcf7-form-control-wrap\" data-name=\"message\"><textarea cols=\"40\" rows=\"10\" class=\"wpcf7-form-control wpcf7-textarea\" aria-invalid=\"false\" name=\"message\"><\/textarea><\/span> <\/label>\n\t\t\t<\/p>\n\t\t<\/div>\n\t<\/div>\n\t<p><span class=\"ktk_contact_space\"><\/span><br \/>\n<span class=\"wpcf7-form-control-wrap\" data-name=\"privacy_policy\"><span class=\"wpcf7-form-control wpcf7-acceptance\"><span class=\"wpcf7-list-item\"><input type=\"checkbox\" name=\"privacy_policy\" value=\"1\" aria-invalid=\"false\" \/><\/span><\/span><\/span> I have read and accept <a href=\"\/en\/privacy-policy\/\" target=\"_blank\">the information<\/a> on the processing of personal data pursuant to EU Regulation 2016\/679 art. 13 and 14 *\n\t<\/p>\n\t<div class=\"et_pb_row et_pb_row_1\">\n\t\t<p><span class=\"wpcf7-form-control-wrap\" data-name=\"newsletter\"><span class=\"wpcf7-form-control wpcf7-checkbox\"><span class=\"wpcf7-list-item first last\"><input type=\"checkbox\" name=\"newsletter[]\" value=\"I authorize you to contact me and send me emails of an informative and\/or promotional nature that may interest me.\" \/><span class=\"wpcf7-list-item-label\">I authorize you to contact me and send me emails of an informative and\/or promotional nature that may interest me.<\/span><\/span><\/span><\/span>\n\t\t<\/p>\n\t<\/div>\n\t<p>* Required fields\n\t<\/p>\n\t<div class=\"et_pb_row et_pb_row_1\">\n\t\t<div class=\"et_pb_column et_pb_column_1_2\">\n\t\t\t<p><button class=\"wpcf7-form-control wpcf7-submit has-spinner et_pb_button et_pb_bg_layout_light gdlr-core-full\" type=\"submit\" value=\"Request Free Consultation\">Request Free Consultation<\/button>\n\t\t\t<\/p>\n\t\t<\/div>\n\t<\/div>\n<\/div><div class=\"wpcf7-response-output\" aria-hidden=\"true\"><\/div>\n<\/form>\n<\/div>\n[\/et_pb_code][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;4.4.6&#8243; background_color=&#8221;#e8e8e8&#8243; background_image=&#8221;https:\/\/cdn2.hubspot.net\/hubfs\/7106436\/sfondo3.jpg&#8221; border_width_top=&#8221;4px&#8221; border_color_top=&#8221;#ffffff&#8221; saved_tabs=&#8221;all&#8221; collapsed=&#8221;on&#8221;][et_pb_row _builder_version=&#8221;4.4.6&#8243; collapsed=&#8221;on&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.4.6&#8243;][et_pb_text _builder_version=&#8221;4.6.6&#8243; text_orientation=&#8221;center&#8221; hover_enabled=&#8221;0&#8243; text_orientation_tablet=&#8221;&#8221; text_orientation_phone=&#8221;left&#8221; text_orientation_last_edited=&#8221;on|phone&#8221; sticky_enabled=&#8221;0&#8243;]<\/p>\n<p> Credit Group Italia is accredited by the Bankruptcy Section of the Court of Milan as a judicial and extrajudicial debt collection company. <\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>What does the law say in Italy and abroad for the fulfillment of contractual obligations.<\/p>\n","protected":false},"author":2,"featured_media":2377,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"<p>In questo testo occore spiegare l'articolo del blog che si sta creando, prestare particolare attenzione a cosa l'utente cerca sui motori di ricerca.<\/p>","_et_gb_content_width":""},"categories":[13],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Covid-19 and companies. 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