Italian Floating Charge Over Movable Assets

A&O Shearman
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Law Decree No. 59 of 3 May 2016 introduced a new and long-awaited security instrument in the Italian legal framework: a floating charge over movable assets. The new security called "pegno non possessorio" is meant to strengthen the ability of Italian companies to get access to financings introducing a more flexible security over all movable assets of a company.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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