Italian Courts See Surge in Compulsory Liquidations Amid Economic Struggles

Courts in Milan and Rome are seeing a surge in compulsory liquidations, a trend that reflects the economic struggles of the regions. In Milan, the number of compulsory liquidations has risen by 5% since 2021, with 410 cases to June. Companies in various sectors, including retail, services, and energy, are facing financial difficulties, leading to liquidations. The collapse of cryptocurrency companies, such as The Rock Trading srl and its affiliated companies, has also been reported in both cities.

According to Laura De Simone, president of the Milan Court's Insolvency Section, the economic structure of the region is reflected in the companies that have gone into liquidation. The trend is not limited to small businesses, as companies in various sectors are facing financial difficulties. The shift from a culture of liquidation to one of restructuring is evident in the figures and in practice, as De Simone notes.

In Rome, the number of new cases has increased by 25% compared to the previous year. There are concerns about the financial difficulties of major healthcare organizations, such as Fondazione Santa Lucia, which is currently under special administration. Liquidations are increasingly seen as a last resort compared to attempts to reach negotiated settlements to the crisis, as De Simone, Gian Piero Scoppa, and Giorgio Jachia agree.