There are several aspects of the recovery plan that will have to be successful in order for Catanzaro Servizi to recover from the crisis. In giving the green light to the protective measures, which protect the investee company from enforcement actions, the judge of the First Civil Section – Insolvency Procedures Sector highlighted some aspects of the expert’s report, appointed by the Chamber of Commerce as part of the negotiated settlement procedure requested by the company.
Because if on the one hand the professional, the accountant Giovanni Puccio, stated that, with all the pieces foreseen in place, the plan can give “concrete concrete prospects for recovery”, on the other hand he considered that the expected liquidity reserves and the injection of finance by the public shareholder appear to be “decisive” for the purposes of maintaining the plan.
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