Can reorganization plans also have liquidation purposes? – The change of intended use for heritage properties according to the Supreme Court and the Budget Adjustments
06-30-2017
The instruments available to debtors and their creditors for the settlement of corporate distress offer a wide range of choices regarding restructuring financial measures, provided they are suitable for reorganizing their debt exposure and restore equilibrium of their financial situation.
In its judgment no. 6873 of 14.02.17, the Supreme Court has ruled that any change in the intended use, even for minor works, constitutes a heavy building renovation, subject to building permission and not to simple Certified Notice of Commencement of Work (SCIA).
Source: Newsletter Norme & Tributi
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