Abi Agreements

This date may still be changed, as the parties will reconr meet on April 13, 2020 to consider whether further agreements are needed and whether the amnesty should be extended. Both the 2019 ABI agreement and its addendum and the decree-law aim at the same thing: to reduce the negative effects of the COVID-19 pandemic on the national socio-economic fabric by providing support measures for SMEs. Both the 2019 ABI agreement and the decree-law are aimed at SMEs within the meaning of recommendation 2003/361/EC of the European Commission of 6 May 2003, which are established in Italy and which allow both to suspend and/or renew the repayment terms of certain types of loan contracts. The ABI 2019 credit contract (Agreement per il Credito 2019) was adopted on 15 November 2018 by the Italian Federation of Banks (ABI) and some Italian business associations (e.g. Confidustria, Coldiretti, Confedilizia, Confcommercio and Confesercenti) and after the release of COVID-19, a new addendum was adopted on 6 March 2020 to extend the scope of the 2019 abi to loan agreements concluded until 31 January 2020. Following the epidemiological emergency caused by COVID-19 (coronavirus), the Italian government and the Italian Banking Association (ABI) have approved a series of measures to support micro-enterprises, (SMEs) (as defined in European Commission Recommendation 2003/361/EC of 6 May 20031) in view of the economic impact of COVID-19. Some of these measures may affect credit, leasing and other financing agreements between lenders and borrowers. This briefing focuses on: In collaboration with the National Flood Forum, the ABI has updated our „Responding to Floods Guide“. The guide contains the latest information and advice on flood response and flood damage management, including our best practice guide on cash invoices and information on the effects of Covid-19. On 17 March 2020, the Italian government adopted the decree-law of 17 March 2020, no